Main Street Registry

Happy Foods

Chicago, IL · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Happy Foods, located in Chicago, Illinois, is classified under the industry Supermarkets and Other Grocery Retailers (except Convenience Retailers), NAICS code 445110. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,291,000, approved on September 25, 2025, through Old Second National Bank and the Small Business Growth Corporation.

SBA 504 loan, approved Sep 25, 2025

$2,291,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,291,000
Bank portion
$2,800,000
Estimated project size
$5,656,667 (estimated)
Estimated owner equity
$565,667 (estimated, about 10% of the project)
Bank lender
Old Second National Bank, Aurora, IL
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 25, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
10
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-5
Collateral
Yes

Estimated share of project by source

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

  • Larger than 62% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
  • Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
  • 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