Main Street Registry

Crystal Restaurant Inc

Chicago, IL · Full-Service Restaurants · NAICS 722511

Crystal Restaurant Inc is located in Chicago, IL, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $985,000 for a change of ownership on January 28, 2025.

SBA 7(a) loan, change of ownership, approved Jan 28, 2025

Gross approval
$985,000
SBA-guaranteed amount
$738,750 (75% of the approval)
Lender
FWBank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years, 3 months (303 months)
Estimated maturity
April 28, 2050 (estimated, approval date plus term)
Estimated monthly payment
$8,414 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 18, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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