Regal Health Foods International, Inc.
Regal Health Foods International, Inc. is a general line grocery merchant wholesaler based in North Chicago, Illinois, according to its NAICS classification (424410). The company was approved for an SBA 504 loan of $1,620,000 on April 17, 2026, through the lender U.S. Bank National Association and the certified development company SomerCor 504, Inc., to finance real estate or equipment.
SBA 504 loan, approved Apr 17, 2026
$1,620,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,620,000
- Bank portion
- $2,250,000
- Estimated project size
- $4,300,000 (estimated)
- Estimated owner equity
- $430,000 (estimated, about 10% of the project)
- Bank lender
- U.S. Bank National Association, St. Paul, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 17, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 424410, General Line Grocery Merchant Wholesalers
- Project location
- Lake County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-10
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 35% of expansion loans in General Line Grocery Merchant Wholesalers on this site.
- Average expansion loan in General Line Grocery Merchant Wholesalers: $2,655,652.
- 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
- Nima USA FIF, Inc., Aurora
- Jalaram Distributor Inc., Bensenville