Main Street Registry

Jerry's Sandwiches LS, LLC

Chicago, IL · Full-Service Restaurants · NAICS 722511

Jerry's Sandwiches LS, LLC is a full-service restaurant in Chicago, Illinois, classified under NAICS 722511. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,086,000, approved on August 29, 2024, with Byline Bank as the lender and SomerCor 504, Inc. as the certified development company.

SBA 504 loan, approved Aug 29, 2024

$1,086,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,086,000
Bank portion
$1,325,000
Estimated project size
$2,678,889 (estimated)
Estimated owner equity
$267,889 (estimated, about 10% of the project)
Bank lender
Byline Bank, Chicago, IL
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 29, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-4
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 10% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois