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Bama Real Estate Schillinger, LLC

Mobile, AL · Limited-Service Restaurants · NAICS 722513

Bama Real Estate Schillinger, LLC is a limited-service restaurant business located in Mobile, Alabama, with an NAICS code of 722513. The company financed real estate or equipment through an SBA 504 loan of $1,386,000, approved on December 23, 2024, through lender Pinnacle Bank and certified development company Florida First Capital Finance Corporation, Inc.

SBA 504 loan, approved Dec 23, 2024

$1,386,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,386,000
Bank portion
$1,563,143
Estimated project size
$3,276,826 (estimated)
Estimated owner equity
$327,683 (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
December 23, 2049 (estimated, approval date plus term)
First disbursement
Jul 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Mobile County, AL
SBA district office
Alabama District Office
Congressional district
AL-1
Collateral
Yes

Estimated share of project by source

Bank 48% SBA (CDC) 42% Owner 10%

  • Larger than 53% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • Average expansion loan in Alabama: $2,182,891.

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 Alabama