Carolina Realty, LLC
Carolina Realty, LLC is a business in West Chicago, Illinois, in the wholesale trade agents and brokers industry (NAICS 425120). The company financed real estate or equipment through an SBA 504 loan of $1,797,000, with Bank of America, National Association as the lender and Small Business Growth Corporation as the CDC, approved on October 25, 2023.
SBA 504 loan, approved Oct 25, 2023
$1,797,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,797,000
- Bank portion
- $2,195,000
- Estimated project size
- $4,435,556 (estimated)
- Estimated owner equity
- $443,556 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 25, 2048 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 425120, Wholesale Trade Agents and Brokers
- 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%
- Larger than 50% of expansion loans in Wholesale Trade Agents and Brokers on this site.
- Average expansion loan in Wholesale Trade Agents and Brokers: $2,215,429.
- 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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