Angry Crab Shack
Angry Crab Shack is located in Chandler, AZ, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 504 loan ($2,002,000 SBA portion) on February 24, 2024 to finance real estate or equipment.
SBA 504 loan, approved Feb 24, 2024
- SBA (CDC) portion
- $2,002,000
- Bank portion
- $3,035,000
- Estimated project size
- $5,596,667 (estimated)
- Estimated owner equity
- $559,667 (estimated, about 10% of the project)
- Bank lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 24, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Franchise
- Angry Crab Shack
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-5
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 75% of expansion loans in Full-Service Restaurants on this site.
- Average expansion loan in Full-Service Restaurants: $1,813,082.
- Average expansion loan in Arizona: $2,074,452.
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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