Heroes West Diamond LLC
Heroes West Diamond LLC is a business in Diamond, Illinois, in the All Other Amusement and Recreation Industries category. It financed real estate or equipment through an SBA 504 loan of $1,678,000, with American Commercial Bank and Trust National Association as the lender and Small Business Growth Corporation as the certified development company, with approval dated July 7, 2025.
SBA 504 loan, approved Jul 7, 2025
$1,678,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,678,000
- Bank portion
- $1,640,000
- Estimated project size
- $3,686,667 (estimated)
- Estimated owner equity
- $368,667 (estimated, about 10% of the project)
- Bank lender
- American Commercial Bank and Trust National Association, Ottawa, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 7, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Grundy County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-16
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 44% of expansion loans in All Other Amusement and Recreation Industries on this site.
- Average expansion loan in All Other Amusement and Recreation Industries: $2,189,271.
- 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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