Main Street Registry

Culver's of Land O' Lakes

Land O Lakes, FL · Limited-Service Restaurants · NAICS 722513

Culver's of Land O' Lakes is a franchised business in Land O Lakes, Florida, in the limited-service restaurants industry (NAICS 722513). It financed real estate or equipment through an SBA 504 loan of $2,144,000, approved January 22, 2025, with Bank Five Nine as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Jan 22, 2025

$2,144,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,144,000
Bank portion
$2,617,000
Estimated project size
$5,290,000 (estimated)
Estimated owner equity
$529,000 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
Florida Business Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 22, 2050 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Culver's
Project location
Pasco County, FL
SBA district office
South Florida District Office
Congressional district
FL-12
Collateral
Yes

Estimated share of project by source

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

  • Larger than 87% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • 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