Main Street Registry

Jalapenos Lemon Pepper of Dallas, Inc.

Midlothian, TX · Full-Service Restaurants · NAICS 722511

Jalapenos Lemon Pepper of Dallas, Inc. is a full-service restaurant located in Midlothian, Texas, classified under NAICS code 722511. The business financed real estate or equipment through an SBA 504 loan of $1,128,000, approved on April 25, 2024, with Harmony Bank as the lender and LiftFund, Inc. as the certified development company.

SBA 504 loan, approved Apr 25, 2024

$1,128,000 SBA portionCDC: LiftFund, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,128,000
Bank portion
$1,375,000
Estimated project size
$2,781,111 (estimated)
Estimated owner equity
$278,111 (estimated, about 10% of the project)
Bank lender
Harmony Bank, Dallas, TX
CDC
LiftFund, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 25, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Ellis County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 13% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • 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