UDI Holdings - 887, LLC
UDI Holdings - 887, LLC is a plastics bag and pouch manufacturer in Buffalo Grove, IL, operating in the plastics bag and pouch manufacturing industry (NAICS 326111). The company financed real estate or equipment through an SBA 504 loan of $5,029,000, approved on April 23, 2025, with Fifth Third Bank as the lender and SomerCor 504, Inc. as the certified development company.
SBA 504 loan, approved Apr 23, 2025
$5,029,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,029,000
- Bank portion
- $6,150,000
- Estimated project size
- $12,421,111 (estimated)
- Estimated owner equity
- $1,242,111 (estimated, about 10% of the project)
- Bank lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 23, 2050 (estimated, approval date plus term)
- First disbursement
- Jul 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 326111, Plastics Bag and Pouch Manufacturing
- Project location
- Lake County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-8
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Plastics Bag and Pouch Manufacturing: $3,905,125.
- 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
- Custom Plastics, Inc., Elk Grove Village
- Galloway Equipment, Inc., St. Charles