Chicagoland Home Products LLC
Chicagoland Home Products LLC is a business in Melrose Park, Illinois, in the other building material dealers industry (NAICS 444180). The company financed real estate or equipment through an SBA 504 loan of $1,450,000, with a total project amount of $2,057,000, approved June 11, 2025, through The Huntington National Bank and the certified development company SomerCor 504, Inc.
SBA 504 loan, approved Jun 11, 2025
$1,450,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,450,000
- Bank portion
- $2,057,000
- Estimated project size
- $3,896,667 (estimated)
- Estimated owner equity
- $389,667 (estimated, about 10% of the project)
- Bank lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 11, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 444180, Other Building Material Dealers
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-4
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 37% of expansion loans in Other Building Material Dealers on this site.
- Average expansion loan in Other Building Material Dealers: $2,048,289.
- 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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