Great Central Brewery, LLC
Great Central Brewery, LLC is a brewery located in Chicago, Illinois, in the NAICS category for breweries (312120). The business financed real estate or equipment through an SBA 504 loan of $3,885,000, with Harvest Commercial Capital, LLC as the lender and SomerCor 504, Inc. as the certified development company, with approval dated October 25, 2024.
SBA 504 loan, approved Oct 25, 2024
- SBA (CDC) portion
- $3,885,000
- Bank portion
- $4,750,000
- Estimated project size
- $9,594,444 (estimated)
- Estimated owner equity
- $959,444 (estimated, about 10% of the project)
- Bank lender
- Harvest Commercial Capital, LLC, Laguna Hills, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 25, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 312120, Breweries
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-5
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 86% of expansion loans in Breweries on this site.
- Average expansion loan in Breweries: $2,159,286.
- 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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