Main Street Registry

Salt Korean Steakhouse and Yugo

Devon, PA · Full-Service Restaurants · NAICS 722511

Salt Korean Steakhouse and Yugo is a full-service restaurant located in Devon, PA, classified under NAICS 722511 (Full-Service Restaurants). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $5,000,000, approved on February 19, 2026, through The Bank of Princeton with Trenton Business Assistance Corporation as the certified development company.

SBA 504 loan, approved Feb 19, 2026

$5,000,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,000,000
Bank portion
$7,698,873
Estimated project size
$14,109,859 (estimated)
Estimated owner equity
$1,410,986 (estimated, about 10% of the project)
Bank lender
The Bank of Princeton, Princeton, NJ
CDC
Trenton Business Assistance Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
February 19, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
56
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Chester County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-5
Collateral
Yes

Estimated share of project by source

Bank 55% SBA (CDC) 35% Owner 10%

  • Larger than 99% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in Pennsylvania: $2,212,724.

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 Pennsylvania