Main Street Registry

Spartanburg #1 Lee's Famous Recipe LLC

Spartanburg, SC · Full-Service Restaurants · NAICS 722511

Spartanburg #1 Lee's Famous Recipe LLC is a full-service restaurant business located in Spartanburg, South Carolina, operating as a Lee's Famous Recipe franchise. The company financed real estate or equipment through an SBA 504 loan of $1,005,000, approved on January 16, 2026, with TD Bank, National Association as the lender and Provident Business Financial Services, Inc. as the certified development company.

SBA 504 loan, approved Jan 16, 2026

$1,005,000 SBA portionCDC: Provident Business Financial Services, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,005,000
Bank portion
$1,215,000
Estimated project size
$2,466,667 (estimated)
Estimated owner equity
$246,667 (estimated, about 10% of the project)
Bank lender
TD Bank, National Association, Wilmington, DE
CDC
Provident Business Financial Services, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 16, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
14
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Franchise
Lee's Famous Recipe and Lee's Famous Recipe Chicken
Project location
Spartanburg County, SC
SBA district office
South Carolina District Office
Congressional district
SC-4
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in South Carolina: $2,088,205.

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 South Carolina