M & M Equipment Corporation
M & M Equipment Corporation is a business in Des Plaines, Illinois, in the industrial machinery and equipment merchant wholesalers industry (NAICS 423830). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,412,000, approved through JPMorgan Chase Bank, National Association and SomerCor 504, Inc., with an approval date of August 31, 2026.
SBA 504 loan, approved Aug 31, 2026
$1,412,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,412,000
- Bank portion
- $1,715,000
- Estimated project size
- $3,474,444 (estimated)
- Estimated owner equity
- $347,444 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 31, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 423830, Industrial Machinery and Equipment Merchant Wholesalers
- 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 33% of expansion loans in Industrial Machinery and Equipment Merchant Wholesalers on this site.
- Average expansion loan in Industrial Machinery and Equipment Merchant Wholesalers: $2,231,750.
- 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
- A & A Equipment and Supply Co., Bensenville
- Flow Real Estate, LLC, Chicago