Main Street Registry

AB Prairieville LLC

Prairieville, LA · Limited-Service Restaurants · NAICS 722513

AB Prairieville LLC is a limited-service restaurant business located in Prairieville, Louisiana, in the industry described as Limited-Service Restaurants. The company financed real estate or equipment through an SBA 504 loan of $1,166,000, approved on November 15, 2023, with Home Bank, National Association as the participating lender and JEDCO Development Corporation as the certified development company.

SBA 504 loan, approved Nov 15, 2023

$1,166,000 SBA portionCDC: JEDCO Development Corporation20 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,166,000
Bank portion
$1,422,500
Estimated project size
$2,876,111 (estimated)
Estimated owner equity
$287,611 (estimated, about 10% of the project)
Bank lender
Home Bank, National Association, Lafayette, LA
CDC
JEDCO Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
20 years (240 months)
Estimated maturity
November 15, 2043 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Ascension County, LA
SBA district office
Louisiana District Office
Congressional district
LA-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 28% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • Average expansion loan in Louisiana: $2,537,130.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Louisiana