Crown ERAM, LLC
Crown ERAM, LLC is located in Merrillville, IN, and the SBA lists its industry as Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance. It was approved for an SBA 504 loan ($3,425,000 SBA portion) on January 27, 2026 to finance real estate or equipment.
SBA 504 loan, approved Jan 27, 2026
- SBA (CDC) portion
- $3,425,000
- Bank portion
- $4,166,500
- Estimated project size
- $8,435,000 (estimated)
- Estimated owner equity
- $843,500 (estimated, about 10% of the project)
- Bank lender
- American Commercial Bank and Trust National Association, Ottawa, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 27, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Lake County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 94% of expansion loans in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance on this site.
- Average expansion loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,803,500.
- Average expansion loan in Indiana: $2,227,963.
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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