Main Street Registry

Aaru’s Indian Restaurant,LLC

Tallahassee, FL · Full-Service Restaurants · NAICS 722511

Aaru's Indian Restaurant, LLC is a full-service restaurant in Tallahassee, Florida, classified under NAICS code 722511. The company financed real estate or equipment through an SBA 504 loan of $1,048,000 with Pinnacle Bank as the lender, with approval dated February 26, 2024, and the SBA reports 3 jobs associated with the loan.

SBA 504 loan, approved Feb 26, 2024

$1,048,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,048,000
Bank portion
$1,226,500
Estimated project size
$2,527,222 (estimated)
Estimated owner equity
$252,722 (estimated, about 10% of the project)
Bank lender
Pinnacle Bank, Nashville, TN
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 26, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
3
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Leon County, FL
SBA district office
North Florida District Office
Congressional district
FL-2
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 5% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Florida: $2,058,496.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Florida