Main Street Registry

Mesquite Fresh Street Mex

Laveen, AZ · Full-Service Restaurants · NAICS 722511

Mesquite Fresh Street Mex is a full-service restaurant in Laveen, Arizona, in the Full-Service Restaurants industry (NAICS 722511). The business was approved for an SBA 504 loan of $1,069,000 through First Fidelity Bank and The Mortgage Capital Development Corporation, with an approval date of February 23, 2024, and the loan is listed as not funded.

SBA 504 loan, approved Feb 23, 2024

$1,069,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,069,000
Bank portion
$1,304,300
Estimated project size
$2,637,000 (estimated)
Estimated owner equity
$263,700 (estimated, about 10% of the project)
Bank lender
First Fidelity Bank, Oklahoma City, OK
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 23, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
13
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-1
Collateral
Yes

Estimated share of project by source

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

  • Larger than 8% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Arizona: $2,074,452.

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 Arizona