Shivi Real Estate, LLC
Shivi Real Estate, LLC is located in West Chicago, Illinois, and is classified under NAICS 424490, Other Grocery and Related Products Merchant Wholesalers. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,188,000, approved on December 27, 2023, through First State Bank with SomerCor 504, Inc. as the certified development company.
SBA 504 loan, approved Dec 27, 2023
$1,188,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,188,000
- Bank portion
- $1,450,000
- Estimated project size
- $2,931,111 (estimated)
- Estimated owner equity
- $293,111 (estimated, about 10% of the project)
- Bank lender
- First State Bank, Mendota, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 27, 2048 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 424490, Other Grocery and Related Products Merchant Wholesalers
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 8% of expansion loans in Other Grocery and Related Products Merchant Wholesalers on this site.
- Average expansion loan in Other Grocery and Related Products Merchant Wholesalers: $2,831,667.
- 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.
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