Hall Street Properties I, L.L.C.
Hall Street Properties I, L.L.C. is a truck, utility trailer, and RV rental and leasing business located in Granite City, Illinois, classified under NAICS code 532120. The company financed real estate or equipment through an SBA 504 loan of $5,000,000, approved on February 27, 2026, through Midland States Bank with St. Charles County Economic Development Council as the certified development company.
SBA 504 loan, approved Feb 27, 2026
$5,000,000 SBA portionCDC: St. Charles County Economic Development Council25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,000,000
- Bank portion
- $8,534,000
- Estimated project size
- $15,037,778 (estimated)
- Estimated owner equity
- $1,503,778 (estimated, about 10% of the project)
- Bank lender
- Midland States Bank, Effingham, IL
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- February 27, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 56
- Business type
- LLC or partnership
- NAICS
- 532120, Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
- Project location
- Madison County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-12
- Collateral
- Yes
Estimated share of project by source
Bank 57% SBA (CDC) 33% Owner 10%
- Average expansion loan in Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing: $3,247,500.
- 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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