Faith Stone Holdings LLC
Faith Stone Holdings LLC, located in Elgin, IL, operates in the industry of Other Services to Buildings and Dwellings (NAICS 561790). The business was approved for an SBA 504 loan of $1,258,000 dated July 2, 2025, through First Mid Bank & Trust, National Association, with Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Jul 2, 2025
$1,258,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,258,000
- Bank portion
- $1,535,000
- Estimated project size
- $3,103,333 (estimated)
- Estimated owner equity
- $310,333 (estimated, about 10% of the project)
- Bank lender
- First Mid Bank & Trust, National Association, Mattoon, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 2, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 561790, Other Services to Buildings and Dwellings
- Project location
- Kane County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Other Services to Buildings and Dwellings: $2,061,000.
- 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
- CMGL Maintenance Inc., Mokena