DM Woodridge, LLC
DM Woodridge, LLC is a business in Woodridge, Illinois, engaged in custom architectural woodwork and millwork manufacturing. The company financed real estate or equipment through an SBA 504 loan of $5.5 million, approved on January 13, 2025, with Belmont Bank & Trust Company as the lender and SomerCor 504, Inc. as the certified development company.
SBA 504 loan, approved Jan 13, 2025
$5,500,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $7,781,000
- Estimated project size
- $14,756,667 (estimated)
- Estimated owner equity
- $1,475,667 (estimated, about 10% of the project)
- Bank lender
- Belmont Bank & Trust Company, Chicago, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 13, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 337212, Custom Architectural Woodwork and Millwork Manufacturing
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-3
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Average expansion loan in Custom Architectural Woodwork and Millwork Manufacturing: $2,714,000.
- 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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