Mercato West Hartford LLC
Mercato West Hartford LLC is a full-service restaurant located in West Hartford, Connecticut. The company financed real estate or equipment through an SBA 504 loan of $4,266,000, approved on December 6, 2024, with Ives Bank as the lender and Community Investment Corporation as the certified development company.
SBA 504 loan, approved Dec 6, 2024
$4,266,000 SBA portionCDC: Community Investment Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,266,000
- Bank portion
- $5,960,219
- Estimated project size
- $11,362,466 (estimated)
- Estimated owner equity
- $1,136,247 (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
- December 6, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 150
- 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 52% SBA (CDC) 38% Owner 10%
- Larger than 96% 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
- Mercato Glastonbury, Glastonbury
- Ridgefield Fine Dining LLC, Ridgefield
- Vespino LLC, Fairfield