JRL Holdings, LLC
JRL Holdings, LLC is a wood kitchen cabinet and countertop manufacturer located in Chicago, Illinois, and is listed under NAICS code 337110. The company financed real estate or equipment through an SBA 504 loan of $1,025,000 approved on November 7, 2023, with BMO Bank National Association as the lender and Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Nov 7, 2023
$1,025,000 SBA portionCDC: Small Business Growth Corporation20 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,025,000
- Bank portion
- $1,250,000
- Estimated project size
- $2,527,778 (estimated)
- Estimated owner equity
- $252,778 (estimated, about 10% of the project)
- Bank lender
- BMO Bank National Association, Chicago, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 20 years (240 months)
- Estimated maturity
- November 7, 2043 (estimated, approval date plus term)
- First disbursement
- Apr 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 337110, Wood Kitchen Cabinet and Countertop Manufacturing
- 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 6% of expansion loans in Wood Kitchen Cabinet and Countertop Manufacturing on this site.
- Average expansion loan in Wood Kitchen Cabinet and Countertop Manufacturing: $1,804,438.
- 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
- KBI Custom Case, Inc., Spring Grove