Ercoli, Inc.
Ercoli, Inc. is located in Clinton, MA, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 504 loan ($1,470,000 SBA portion) on February 6, 2025 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Feb 6, 2025 | $1,470,000 | $1,793,500 | $3,626,111 (estimated) | Rockland Trust Company | Bay Colony Development Corporation | 25 years | 23 | Approved, not yet funded |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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