Main Street Registry

Culver's of Katy

Katy, TX · Full-Service Restaurants · NAICS 722511

Culver's of Katy is a full-service restaurant business in Katy, Texas, classified under NAICS code 722511. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,121,000, approved through Greater East Texas Certified Development Company with Bank Five Nine as the lending bank, and the approval date is January 2, 2025.

SBA 504 loan, approved Jan 2, 2025

$1,121,000 SBA portionCDC: Greater East Texas Certified Development Company25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,121,000
Bank portion
$3,813,700
Estimated project size
$5,483,000 (estimated)
Estimated owner equity
$548,300 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
Greater East Texas Certified Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 2, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
22
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Franchise
Culver's
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-7
Collateral
Yes

Estimated share of project by source

Bank 70% SBA (CDC) 20% Owner 10%

  • Larger than 13% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Texas: $2,316,979.

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 Texas