Mercato Glastonbury
Mercato Glastonbury is a full-service restaurant located in Glastonbury, Connecticut, classified under NAICS code 722511. The company financed real estate or equipment through an SBA 504 loan of $3.23 million, with a bank portion provided by Ives Bank and the New England Certified Development Corporation as the CDC, with loan approval dated January 21, 2026.
SBA 504 loan, approved Jan 21, 2026
$3,230,000 SBA portionCDC: New England Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,230,000
- Bank portion
- $3,928,790
- Estimated project size
- $7,954,211 (estimated)
- Estimated owner equity
- $795,421 (estimated, about 10% of the project)
- Bank lender
- Ives Bank, Danbury, CT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 21, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 50
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Capitol County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 93% of expansion loans in Full-Service Restaurants on this site.
- Average expansion loan in Full-Service Restaurants: $1,813,082.
- Average expansion loan in Connecticut: $2,313,333.
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 Connecticut
- Ridgefield Fine Dining LLC, Ridgefield
- Mercato West Hartford LLC, West Hartford
- Vespino LLC, Fairfield