13620 Hoxie LLC
13620 Hoxie LLC, located in Chicago, Illinois, operates in the marinas industry (NAICS 713930). The company was financed with an SBA 504 loan approved on July 19, 2024, in the SBA portion amount of $3,264,000, with Harvest Commercial Capital, LLC as the lender and SomerCor 504, Inc. as the certified development company.
SBA 504 loan, approved Jul 19, 2024
$3,264,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,264,000
- Bank portion
- $4,830,000
- Estimated project size
- $8,993,333 (estimated)
- Estimated owner equity
- $899,333 (estimated, about 10% of the project)
- Bank lender
- Harvest Commercial Capital, LLC, Laguna Hills, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 19, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 713930, Marinas
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-2
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Average expansion loan in Marinas: $1,830,000.
- Average expansion loan in Illinois: $2,310,827.
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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