Dream Bar 29 RE LLC
Dream Bar 29 RE LLC is located in Bradenton, FL, and the SBA lists its industry as Drinking Places (Alcoholic Beverages). It was approved for an SBA 504 loan ($1,323,000 SBA portion) on December 19, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 19, 2024
- SBA (CDC) portion
- $1,323,000
- Bank portion
- $1,688,100
- Estimated project size
- $3,345,667 (estimated)
- Estimated owner equity
- $334,567 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 19, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Manatee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-16
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 50% of expansion loans in Drinking Places (Alcoholic Beverages) on this site.
- Average expansion loan in Drinking Places (Alcoholic Beverages): $1,516,000.
- 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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