All American Nut & Candy Corp.
All American Nut & Candy Corp. is a roasted nut and peanut butter manufacturer in Hanover Park, Illinois. The company financed real estate or equipment through an SBA 504 loan of $1,883,000, approved on July 12, 2024, with The Huntington National Bank as the lender and Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Jul 12, 2024
$1,883,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,883,000
- Bank portion
- $2,300,000
- Estimated project size
- $4,647,778 (estimated)
- Estimated owner equity
- $464,778 (estimated, about 10% of the project)
- Bank lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 12, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 311911, Roasted Nuts and Peanut Butter Manufacturing
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Roasted Nuts and Peanut Butter Manufacturing: $2,681,500.
- 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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