Definition Dance Academy, LLC
Definition Dance Academy, LLC is located in Chicago, IL, and the SBA lists its industry as Elementary and Secondary Schools. It was approved for an SBA 504 loan ($1,564,000 SBA portion) on May 8, 2026 to finance real estate or equipment.
SBA 504 loan, approved May 8, 2026
- SBA (CDC) portion
- $1,564,000
- Bank portion
- $1,900,000
- Estimated project size
- $3,848,889 (estimated)
- Estimated owner equity
- $384,889 (estimated, about 10% of the project)
- Bank lender
- American Community Bank & Trust, Woodstock, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 8, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 39% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- 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
- Primrose School of Bolingbrook, Bolingbrook