Back 4621 138th St, LLC
Back 4621 138th St, LLC is located in Crestwood, IL, and the SBA lists its industry as Electronics and Appliance Retailers. It was approved for an SBA 504 loan ($1,229,000 SBA portion) on November 20, 2023 to finance real estate or equipment.
SBA 504 loan, approved Nov 20, 2023
- SBA (CDC) portion
- $1,229,000
- Bank portion
- $1,500,000
- Estimated project size
- $3,032,222 (estimated)
- Estimated owner equity
- $303,222 (estimated, about 10% of the project)
- Bank lender
- St. Charles Bank & Trust Company, National Association, Saint Charles, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 20, 2048 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 449210, Electronics and Appliance Retailers
- Franchise
- Johnstone Supply, Inc. (Member Patronage Agreement)
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 7% of expansion loans in Electronics and Appliance Retailers on this site.
- Average expansion loan in Electronics and Appliance Retailers: $2,294,800.
- 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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