Main Street Registry

Golden Corral #0940

Odessa, TX · Limited-Service Restaurants · NAICS 722513

Golden Corral #0940 is a franchised limited-service restaurant in Odessa, Texas, in the NAICS category for limited-service restaurants. The company financed real estate or equipment through an SBA 504 loan of $1,650,000, approved on October 30, 2024, through Banc of California with North Texas Certified Development Corporation as the certified development company.

SBA 504 loan, approved Oct 30, 2024

$1,650,000 SBA portionCDC: North Texas Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,650,000
Bank portion
$2,313,380
Estimated project size
$4,403,756 (estimated)
Estimated owner equity
$440,376 (estimated, about 10% of the project)
Bank lender
Banc of California, Los Angeles, CA
CDC
North Texas Certified Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
October 30, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Golden Corral
Project location
Ector County, TX
SBA district office
Lubbock District Office
Congressional district
TX-11
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 69% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • Average expansion loan in Texas: $2,316,979.

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 Texas