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Merkel Woodworking, Inc.

Lisle, IL · All Other Specialty Trade Contractors · NAICS 238990

Merkel Woodworking, Inc. is a business located in Lisle, Illinois, in the All Other Specialty Trade Contractors industry (NAICS 238990). The company financed real estate or equipment through an SBA 504 loan of $1,188,000, approved on August 26, 2025, with American Commercial Bank and Trust National Association as the lender and SomerCor 504, Inc. as the certified development company.

SBA 504 loan, approved Aug 26, 2025

$1,188,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,188,000
Bank portion
$1,450,000
Estimated project size
$2,931,111 (estimated)
Estimated owner equity
$293,111 (estimated, about 10% of the project)
Bank lender
American Commercial Bank and Trust National Association, Ottawa, IL
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 26, 2050 (estimated, approval date plus term)
First disbursement
May 13, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Dupage County, IL
SBA district office
Illinois District Office
Congressional district
IL-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 16% of expansion loans in All Other Specialty Trade Contractors on this site.
  • Average expansion loan in All Other Specialty Trade Contractors: $1,769,072.
  • 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