Main Street Registry

Local Market Palatine

Palatine, IL · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Local Market Palatine is a supermarket and grocery retailer located in Palatine, IL, classified under NAICS 445110 (Supermarkets and Other Grocery Retailers, except Convenience Retailers). The company was approved for an SBA 504 loan of $5,000,000 on December 29, 2025, through Byline Bank with Small Business Growth Corporation as the certified development company.

SBA 504 loan, approved Dec 29, 2025

$5,000,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$5,000,000
Bank portion
$10,133,000
Estimated project size
$16,814,444 (estimated)
Estimated owner equity
$1,681,444 (estimated, about 10% of the project)
Bank lender
Byline Bank, Chicago, IL
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 29, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
46
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-6
Collateral
Yes

Estimated share of project by source

Bank 60% SBA (CDC) 30% Owner 10%

  • Larger than 87% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
  • Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
  • 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