Main Street Registry

Five Stars Furniture, Inc.

Burbank, IL · Furniture Retailers · NAICS 449110

Five Stars Furniture, Inc. is a furniture retailer located in Burbank, Illinois. The company financed real estate or equipment through an SBA 504 loan of $1,352,000, with FWBank as the lender and Small Business Growth Corporation as the certified development company, approved on May 6, 2024.

SBA 504 loan, approved May 6, 2024

$1,352,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,352,000
Bank portion
$1,680,000
Estimated project size
$3,368,889 (estimated)
Estimated owner equity
$336,889 (estimated, about 10% of the project)
Bank lender
FWBank, 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
May 6, 2049 (estimated, approval date plus term)
First disbursement
Aug 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
449110, Furniture Retailers
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-3
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 16% of expansion loans in Furniture Retailers on this site.
  • Average expansion loan in Furniture Retailers: $2,338,737.
  • 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