Main Street Registry

Farmer Boys Queen Creek

Queen Creek, AZ · Limited-Service Restaurants · NAICS 722513

Farmer Boys Queen Creek is a limited-service restaurant located in Queen Creek, Arizona, in the Limited-Service Restaurants industry. The business financed real estate or equipment through an SBA 504 loan of $1,251,000 approved on December 3, 2024, with Bank Five Nine as the lending bank and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Dec 3, 2024

$1,251,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,251,000
Bank portion
$1,522,500
Estimated project size
$3,081,667 (estimated)
Estimated owner equity
$308,167 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 3, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
20
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Farmer Boys
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-1
Collateral
Yes

Estimated share of project by source

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

  • Larger than 38% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • Average expansion loan in Arizona: $2,074,452.

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 Arizona