Ideal Bakery Enterprises, Inc.
Ideal Bakery Enterprises, Inc. is located in Des Plaines, IL, and the SBA lists its industry as Retail Bakeries. It was approved for an SBA 504 loan ($1,715,000 SBA portion) on February 12, 2026 to finance real estate or equipment.
SBA 504 loan, approved Feb 12, 2026
- SBA (CDC) portion
- $1,715,000
- Bank portion
- $2,095,000
- Estimated project size
- $4,233,333 (estimated)
- Estimated owner equity
- $423,333 (estimated, about 10% of the project)
- Bank lender
- Union National Bank, Elgin, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 12, 2051 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 53
- Business type
- Corporation
- NAICS
- 311811, Retail Bakeries
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 42% of expansion loans in Retail Bakeries on this site.
- Average expansion loan in Retail Bakeries: $1,805,833.
- 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
- Sugar Bliss, LLC, Chicago
- Cocolate Baking LLC, Oak Park