Main Street Registry

Seapot San Jose LLC

San Jose, CA · Full-Service Restaurants · NAICS 722511

Seapot San Jose LLC is a full-service restaurant business in San Jose, California, classified under NAICS code 722511. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,875,000, approved March 26, 2024, with Bank of America, National Association as the lender and Business Finance Capital as the certified development company.

SBA 504 loan, approved Mar 26, 2024

$2,875,000 SBA portionCDC: Business Finance Capital25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,875,000
Bank portion
$3,162,110
Estimated project size
$6,707,900 (estimated)
Estimated owner equity
$670,790 (estimated, about 10% of the project)
Bank lender
Bank of America, National Association, Charlotte, NC
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 26, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
40
Business type
LLC or partnership
NAICS
722511, Full-Service Restaurants
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-17
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 88% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in California: $2,161,468.

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 California