Cole Pallet Properties, LLC
Cole Pallet Properties, LLC is located in Sycamore, IL, and the SBA lists its industry as Wood Container and Pallet Manufacturing. It was approved for an SBA 504 loan ($4,907,000 SBA portion) on March 26, 2024 to finance real estate or equipment.
SBA 504 loan, approved Mar 26, 2024
- SBA (CDC) portion
- $4,907,000
- Bank portion
- $6,000,000
- Estimated project size
- $12,118,889 (estimated)
- Estimated owner equity
- $1,211,889 (estimated, about 10% of the project)
- Bank lender
- Resource Bank, National Association, Dekalb, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 26, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 321920, Wood Container and Pallet Manufacturing
- Project location
- Dekalb County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-14
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Wood Container and Pallet Manufacturing: $2,589,222.
- 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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