Main Street Registry

Coalfire Southport

Chicago, IL · Full-Service Restaurants · NAICS 722511

Coalfire Southport is a full-service restaurant business located in Chicago, Illinois, in the Full-Service Restaurants industry (NAICS 722511). The business was approved for an SBA 504 loan with an SBA portion of $1,433,000 for real estate or equipment, through lender Byline Bank and certified development company Small Business Growth Corporation, with approval dated August 20, 2025.

SBA 504 loan, approved Aug 20, 2025

$1,433,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,433,000
Bank portion
$1,750,000
Estimated project size
$3,536,667 (estimated)
Estimated owner equity
$353,667 (estimated, about 10% of the project)
Bank lender
Byline Bank, Chicago, IL
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 20, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
2
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-5
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 44% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • 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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Same industry in Illinois