Chicago Neurological Services, LTD.
Chicago Neurological Services, LTD. is a business located in Chicago, Illinois, in the offices of physicians and mental health specialists industry. The company financed real estate or equipment through an SBA 504 loan of $2,984,000 (SBA portion), with approval dated September 13, 2025, through Old National Bank and the certified development company SomerCor 504, Inc.
SBA 504 loan, approved Sep 13, 2025
$2,984,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,984,000
- Bank portion
- $3,943,000
- Estimated project size
- $7,696,667 (estimated)
- Estimated owner equity
- $769,667 (estimated, about 10% of the project)
- Bank lender
- Old National Bank, Evansville, IN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 13, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 621112, Offices of Physicians, Mental Health Specialists
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-5
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Average expansion loan in Offices of Physicians, Mental Health Specialists: $2,182,714.
- 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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