Main Street Registry

Satin Chair Covers Rental Inc.

Bourbonnais, IL · Full-Service Restaurants · NAICS 722511

Satin Chair Covers Rental Inc. is a business in Bourbonnais, Illinois, classified under the industry Full-Service Restaurants (NAICS 722511). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,204,000, approved on February 15, 2024, through Bank of America, National Association with Small Business Growth Corporation as the certified development company.

SBA 504 loan, approved Feb 15, 2024

$1,204,000 SBA portionCDC: Small Business Growth Corporation20 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,204,000
Bank portion
$1,576,000
Estimated project size
$3,088,889 (estimated)
Estimated owner equity
$308,889 (estimated, about 10% of the project)
Bank lender
Bank of America, National Association, Charlotte, NC
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
February 15, 2044 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
37
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Kankakee County, IL
SBA district office
Illinois District Office
Congressional district
IL-2
Collateral
Yes

Estimated share of project by source

Bank 51% SBA (CDC) 39% Owner 10%

  • Larger than 21% 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