Sewer Equipment Co. of America
Sewer Equipment Co. of America, located in Dixon, Illinois, operates in the heavy duty truck manufacturing industry (NAICS 336120). The company financed real estate or equipment through an SBA 504 loan of $2,588,000 approved on June 21, 2024, and a second SBA 504 loan of $1,002,000 approved on July 9, 2024, both made through Foresight Bank with Rockford Local Development Corporation as the certified development company.
SBA 504 loan, approved Jul 9, 2024
$1,002,000 SBA portionCDC: Rockford Local Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,002,000
- Bank portion
- $974,999
- Estimated project size
- $2,196,666 (estimated)
- Estimated owner equity
- $219,667 (estimated, about 10% of the project)
- Bank lender
- Foresight Bank, Winnebago, IL
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- July 9, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 51
- Business type
- Corporation
- NAICS
- 336120, Heavy Duty Truck Manufacturing
- Project location
- Lee County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-16
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Average expansion loan in Heavy Duty Truck Manufacturing: $2,940,667.
- 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.
SBA 504 loan, approved Jun 21, 2024
$2,588,000 SBA portionCDC: Rockford Local Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,588,000
- Bank portion
- $2,878,012
- Estimated project size
- $6,073,347 (estimated)
- Estimated owner equity
- $607,335 (estimated, about 10% of the project)
- Bank lender
- Foresight Bank, Winnebago, IL
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- June 21, 2049 (estimated, approval date plus term)
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 51
- Business type
- Corporation
- NAICS
- 336120, Heavy Duty Truck Manufacturing
- Project location
- Lee County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-16
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Average expansion loan in Heavy Duty Truck Manufacturing: $2,940,667.
- 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.