Main Street Registry

Charlie Baggs Culinary Innovations

Chicago, IL · All Other Professional, Scientific, and Technical Services · NAICS 541990

Charlie Baggs Culinary Innovations is located in Chicago, Illinois, and is classified under NAICS 541990, All Other Professional, Scientific, and Technical Services. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,255,000, approved through Harvest Commercial Capital, LLC and SomerCor 504, Inc. with an approval date of September 28, 2026.

SBA 504 loan, approved Sep 28, 2026

$1,255,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,255,000
Bank portion
$1,525,000
Estimated project size
$3,088,889 (estimated)
Estimated owner equity
$308,889 (estimated, about 10% of the project)
Bank lender
Harvest Commercial Capital, LLC, Laguna Hills, CA
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 28, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
12
Business type
Corporation
NAICS
541990, All Other Professional, Scientific, and Technical Services
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-5
Collateral
Yes

Estimated share of project by source

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

  • Larger than 20% of expansion loans in All Other Professional, Scientific, and Technical Services on this site.
  • Average expansion loan in All Other Professional, Scientific, and Technical Services: $1,882,695.
  • 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