Silvestri Sweets, Inc.
Silvestri Sweets, Inc. is located in Geneva, IL, and the SBA lists its industry as Confectionery Manufacturing from Purchased Chocolate. It was approved for an SBA 504 loan ($3,119,000 SBA portion) on September 24, 2026 to finance real estate or equipment.
SBA 504 loan, approved Sep 24, 2026
- SBA (CDC) portion
- $3,119,000
- Bank portion
- $3,811,500
- Estimated project size
- $7,700,556 (estimated)
- Estimated owner equity
- $770,056 (estimated, about 10% of the project)
- Bank lender
- St. Charles Bank & Trust Company, National Association, Saint Charles, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 24, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 311352, Confectionery Manufacturing from Purchased Chocolate
- Project location
- Kane County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-14
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Confectionery Manufacturing from Purchased Chocolate: $2,089,500.
- 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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