Dhruvin VII LLC
Dhruvin VII LLC is located in Troutman, NC, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 504 loan ($1,707,000 SBA portion) on December 19, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 19, 2024
- SBA (CDC) portion
- $1,707,000
- Bank portion
- $2,083,400
- Estimated project size
- $4,211,556 (estimated)
- Estimated owner equity
- $421,156 (estimated, about 10% of the project)
- Bank lender
- Td Bank, N.a., Flemington, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 19, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Iredell County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-10
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 73% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- Average expansion loan in North Carolina: $2,167,577.
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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