Main Street Registry

Papa Loca Properties, LLC

Phoenix, AZ · Limited-Service Restaurants · NAICS 722513

Papa Loca Properties, LLC is a limited-service restaurant business in Phoenix, Arizona. The company financed real estate or equipment through an SBA 504 loan of $1,026,000, with First Fidelity Bank as the partner lender and The Mortgage Capital Development Corporation as the certified development company, with approval dated July 23, 2024.

SBA 504 loan, approved Jul 23, 2024

$1,026,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,026,000
Bank portion
$3,188,200
Estimated project size
$4,682,444 (estimated)
Estimated owner equity
$468,244 (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
July 23, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
40
Business type
Corporation
NAICS
722513, Limited-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 68% SBA (CDC) 22% Owner 10%

  • Larger than 3% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • 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