Kokomo Restaurant LLC
Kokomo Restaurant LLC is located in Brooklyn, NY, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 504 loan ($2,315,000 SBA portion) on December 23, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 23, 2024
- SBA (CDC) portion
- $2,315,000
- Bank portion
- $2,843,500
- Estimated project size
- $5,731,667 (estimated)
- Estimated owner equity
- $573,167 (estimated, about 10% of the project)
- Bank lender
- OceanFirst Bank, National Association, Toms River, NJ
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 23, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-7
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 82% of expansion loans in Full-Service Restaurants on this site.
- Average expansion loan in Full-Service Restaurants: $1,813,082.
- Average expansion loan in New York: $2,225,161.
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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