Main Street Registry

Fifty First Street, LLC

Pittsburgh, PA · Full-Service Restaurants · NAICS 722511

Fifty First Street, LLC is a full-service restaurant business located in Pittsburgh, Pennsylvania. The company financed real estate or equipment through an SBA 504 loan of $1,065,000 with KeyBank National Association and Empire State Certified Development Corporation, approved on November 15, 2023.

SBA 504 loan, approved Nov 15, 2023

$1,065,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,065,000
Bank portion
$1,300,000
Estimated project size
$2,627,778 (estimated)
Estimated owner equity
$262,778 (estimated, about 10% of the project)
Bank lender
KeyBank National Association, Cleveland, OH
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 15, 2048 (estimated, approval date plus term)
First disbursement
Sep 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Allegheny County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-18
Collateral
Yes

Estimated share of project by source

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

  • Larger than 7% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Pennsylvania: $2,212,724.

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 Pennsylvania