Elkareh Brothers Investment, LLC
Elkareh Brothers Investment, LLC is located in Alsip, Illinois, and is classified under NAICS 311919 for other snack food manufacturing. The company financed real estate or equipment through an SBA 504 loan of $2,986,000, approved on December 22, 2023, with PNC Bank, National Association as the lender and Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Dec 22, 2023
$2,986,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,986,000
- Bank portion
- $2,919,500
- Estimated project size
- $6,561,667 (estimated)
- Estimated owner equity
- $656,167 (estimated, about 10% of the project)
- Bank lender
- PNC Bank, National Association, Wilmington, DE
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- December 22, 2048 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 311919, Other Snack Food Manufacturing
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-1
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Average expansion loan in Other Snack Food Manufacturing: $2,535,429.
- 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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