Main Street Registry

Leo's American Tavern

Skokie, IL · Full-Service Restaurants · NAICS 722511

Leo's American Tavern, located in Skokie, IL, is classified under the SBA industry description Full-Service Restaurants (NAICS 722511). The company is listed with an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,191,000 and a total project amount of $1,668,000, approved on August 21, 2026 through the lender Celtic Bank Corporation and the CDC SomerCor 504, Inc.

SBA 504 loan, approved Aug 21, 2026

$1,191,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,191,000
Bank portion
$1,668,000
Estimated project size
$3,176,667 (estimated)
Estimated owner equity
$317,667 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 21, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
15
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-9
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 19% 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.

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Same industry in Illinois