Allegra Banquet Convention Center, LLC
Allegra Banquet Convention Center, LLC is a food service contractor located in Schiller Park, Illinois, in the Food Service Contractors industry (NAICS 722310). The company financed real estate or equipment through an SBA 504 loan of $1,915,000, approved on July 2, 2024, with Union National Bank as the lender and Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Jul 2, 2024
$1,915,000 SBA portionCDC: Small Business Growth Corporation20 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,915,000
- Bank portion
- $2,342,000
- Estimated project size
- $4,730,000 (estimated)
- Estimated owner equity
- $473,000 (estimated, about 10% of the project)
- Bank lender
- Union National Bank, Elgin, IL
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 20 years (240 months)
- Estimated maturity
- July 2, 2044 (estimated, approval date plus term)
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 722310, Food Service Contractors
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-5
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 67% of expansion loans in Food Service Contractors on this site.
- Average expansion loan in Food Service Contractors: $2,097,444.
- 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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