Main Street Registry

MMG-CP Real Estate LLC

Clifton Park, NY · Full-Service Restaurants · NAICS 722511

MMG-CP Real Estate LLC, located in Clifton Park, New York, is in the full-service restaurants industry (NAICS 722511). The company financed real estate or equipment through an SBA 504 loan of $2,524,000, with approval dated May 10, 2024, through Ballston Spa National Bank and Empire State Certified Development Corporation.

SBA 504 loan, approved May 10, 2024

$2,524,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,524,000
Bank portion
$3,075,000
Estimated project size
$6,221,111 (estimated)
Estimated owner equity
$622,111 (estimated, about 10% of the project)
Bank lender
Ballston Spa National Bank, Ballston Spa, NY
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 10, 2049 (estimated, approval date plus term)
First disbursement
Mar 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
50
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Saratoga County, NY
SBA district office
Syracuse District Office
Congressional district
NY-20
Collateral
Yes

Estimated share of project by source

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

  • Larger than 84% 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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Same industry in New York