Main Street Registry

1715 South Route 31 LLC

Buffalo Grove, IL · General Freight Trucking, Long-Distance, Truckload · NAICS 484121

1715 South Route 31 LLC is a general freight trucking business in Buffalo Grove, Illinois, classified under long-distance truckload general freight trucking. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,903,000, approved on January 4, 2024, through Byline Bank and the Small Business Growth Corporation.

SBA 504 loan, approved Jan 4, 2024

$1,903,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,903,000
Bank portion
$2,325,000
Estimated project size
$4,697,778 (estimated)
Estimated owner equity
$469,778 (estimated, about 10% of the project)
Bank lender
Byline Bank, Chicago, IL
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 4, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
10
Business type
Corporation
NAICS
484121, General Freight Trucking, Long-Distance, Truckload
Project location
Lake County, IL
SBA district office
Illinois District Office
Congressional district
IL-8
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 46% of expansion loans in General Freight Trucking, Long-Distance, Truckload on this site.
  • Average expansion loan in General Freight Trucking, Long-Distance, Truckload: $2,635,784.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois