Main Street Registry

Katie & Susan Joliet LLC

Joliet, IL · Limited-Service Restaurants · NAICS 722513

Katie & Susan Joliet LLC is a limited-service restaurant business located in Joliet, Illinois, in the Limited-Service Restaurants industry. The company was financed through an SBA 504 loan of $2,398,000 for real estate or equipment, with Midland States Bank as the lending bank and Small Business Growth Corporation as the certified development company, and the loan was approved on August 19, 2026.

SBA 504 loan, approved Aug 19, 2026

$2,398,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,398,000
Bank portion
$2,915,000
Estimated project size
$5,903,333 (estimated)
Estimated owner equity
$590,333 (estimated, about 10% of the project)
Bank lender
Midland States Bank, Effingham, IL
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 19, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
9
Business type
LLC or partnership
NAICS
722513, Limited-Service Restaurants
Franchise
Culver's
Project location
Will County, IL
SBA district office
Illinois District Office
Congressional district
IL-11
Collateral
Yes

Estimated share of project by source

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

  • Larger than 93% of expansion loans in Limited-Service Restaurants on this site.
  • Average expansion loan in Limited-Service Restaurants: $1,507,672.
  • 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