Main Street Registry

Pepper's Cocina Mexicana & Tequila Bar

St. Augustine, FL · Full-Service Restaurants · NAICS 722511

Pepper's Cocina Mexicana & Tequila Bar is a full-service restaurant in St. Augustine, Florida, classified under NAICS code 722511. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,583,000, approved on November 12, 2024, with Regions Bank as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Nov 12, 2024

$1,583,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,583,000
Bank portion
$1,935,000
Estimated project size
$3,908,889 (estimated)
Estimated owner equity
$390,889 (estimated, about 10% of the project)
Bank lender
Regions Bank, Birmingham, AL
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 12, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
18
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Saint Johns County, FL
SBA district office
North Florida District Office
Congressional district
FL-4
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 56% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • 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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Same industry in Florida