DQ Grill & Chill of Newark
DQ Grill & Chill of Newark, a limited-service restaurant located in Newark, Delaware, financed real estate or equipment through an SBA 504 loan. The SBA portion of the loan was $1.14 million, approved on January 8, 2026, through the Delaware Community Development Corporation with Fulton Bank, N.A. as the lending bank.
SBA 504 loan, approved Jan 8, 2026
$1,140,000 SBA portionCDC: Delaware Community Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,140,000
- Bank portion
- $1,385,000
- Estimated project size
- $2,805,556 (estimated)
- Estimated owner equity
- $280,556 (estimated, about 10% of the project)
- Bank lender
- Fulton Bank, N.A., Wilmington, DE
- CDC
- Delaware Community Development Corporation
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- January 8, 2051 (estimated, approval date plus term)
- First disbursement
- May 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Franchise
- DQ Grill & Chill Operating Agreement (American Dairy Queen)
- Project location
- New Castle County, DE
- SBA district office
- Delaware District Office
- Congressional district
- DE-0
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 22% of expansion loans in Limited-Service Restaurants on this site.
- Average expansion loan in Limited-Service Restaurants: $1,507,672.
- Average expansion loan in Delaware: $1,292,000.
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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