Culture Studio Chicago LLC
Culture Studio Chicago LLC is a commercial screen printing business located in Chicago, Illinois, in the commercial screen printing industry (NAICS 323113). The company was approved for an SBA 504 loan in the SBA portion amount of $3,783,000 on October 8, 2024, with Associated Bank National Association as the lender and SomerCor 504, Inc. as the certified development company, and the loan financed real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Oct 8, 2024
$3,783,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,783,000
- Bank portion
- $4,625,000
- Estimated project size
- $9,342,222 (estimated)
- Estimated owner equity
- $934,222 (estimated, about 10% of the project)
- Bank lender
- Associated Bank National Association, Green Bay, WI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 8, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 323113, Commercial Screen Printing
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-1
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Commercial Screen Printing: $2,243,600.
- 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
- GEI Graphics Services, LLC, Bensenville