Open Grounds Bakery & Cafe LLC
Open Grounds Bakery & Cafe LLC is located in Davie, FL, and the SBA lists its industry as Snack and Nonalcoholic Beverage Bars. It was approved for an SBA 504 loan ($1,561,000 SBA portion) on November 7, 2024 to finance real estate or equipment.
SBA 504 loan, approved Nov 7, 2024
- SBA (CDC) portion
- $1,561,000
- Bank portion
- $1,910,000
- Estimated project size
- $3,856,667 (estimated)
- Estimated owner equity
- $385,667 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 7, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-23
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Snack and Nonalcoholic Beverage Bars: $2,226,000.
- Average expansion loan in Florida: $2,058,496.
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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