Jack Lewis Jewelers, LLC
Jack Lewis Jewelers, LLC is a jewelry retailer located in Bloomington, Illinois, in the jewelry retailers industry. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,639,000, approved on July 24, 2024, through Heartland Bank and Trust Company with Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Jul 24, 2024
$2,639,000 SBA portionCDC: Small Business Growth Corporation20 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,639,000
- Bank portion
- $3,225,000
- Estimated project size
- $6,515,556 (estimated)
- Estimated owner equity
- $651,556 (estimated, about 10% of the project)
- Bank lender
- Heartland Bank and Trust Company, Bloomington, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- July 24, 2044 (estimated, approval date plus term)
- First disbursement
- Mar 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 458310, Jewelry Retailers
- Project location
- Mclean County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-13
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Jewelry Retailers: $2,367,875.
- 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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