Main Street Registry

Ted’s Jumbo Red Hots, Inc.

Chandler, AZ · Limited-Service Restaurants · NAICS 722513

Ted's Jumbo Red Hots, Inc. is a limited-service restaurant located in Chandler, Arizona, classified under NAICS code 722513. The company was approved for an SBA 504 loan of $1,265,000, financed through Celtic Bank Corporation with The Mortgage Capital Development Corporation as the certified development company, with an approval date of June 3, 2025.

SBA 504 loan, approved Jun 3, 2025

$1,265,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,265,000
Bank portion
$2,629,000
Estimated project size
$4,326,667 (estimated)
Estimated owner equity
$432,667 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 3, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
60
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-5
Collateral
Yes

Estimated share of project by source

Bank 61% SBA (CDC) 29% Owner 10%

  • Larger than 41% 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