Larson Steel Products, LLC
Larson Steel Products, LLC is located in Bedford Park, Illinois, and operates in fabricated structural metal manufacturing (NAICS 332312). The company financed real estate or equipment through an SBA 504 loan of $1,368,000, approved on February 6, 2025, with Old Plank Trail Community Bank National Association as the lender and Small Business Growth Corporation as the CDC.
SBA 504 loan, approved Feb 6, 2025
$1,368,000 SBA portionCDC: Small Business Growth Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,368,000
- Bank portion
- $1,596,000
- Estimated project size
- $3,293,333 (estimated)
- Estimated owner equity
- $329,333 (estimated, about 10% of the project)
- Bank lender
- Old Plank Trail Community Bank National Association, Mokena, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 6, 2050 (estimated, approval date plus term)
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- LLC or partnership
- NAICS
- 332312, Fabricated Structural Metal Manufacturing
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-3
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 17% of expansion loans in Fabricated Structural Metal Manufacturing on this site.
- Average expansion loan in Fabricated Structural Metal Manufacturing: $1,964,167.
- 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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