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Corrachea Investments Incorporated

West Dundee, IL · General Freight Trucking, Long-Distance, Truckload · NAICS 484121

Corrachea Investments Incorporated, located in West Dundee, Illinois, operates in long-distance truckload general freight trucking. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,709,000, approved on April 26, 2024, through Byline Bank and the Small Business Growth Corporation.

SBA 504 loan, approved Apr 26, 2024

$1,709,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,709,000
Bank portion
$2,000,000
Estimated project size
$4,121,111 (estimated)
Estimated owner equity
$412,111 (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
April 26, 2049 (estimated, approval date plus term)
First disbursement
Oct 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
484121, General Freight Trucking, Long-Distance, Truckload
Project location
Kane County, IL
SBA district office
Illinois District Office
Congressional district
IL-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 35% 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.

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Same industry in Illinois