Old Monroe Distilling Co.
Old Monroe Distilling Co. is located in Columbia, IL, and the SBA lists its industry as Distilleries. It was approved for an SBA 504 loan ($4,151,000 SBA portion) on August 11, 2025 to finance real estate or equipment.
SBA 504 loan, approved Aug 11, 2025
- SBA (CDC) portion
- $4,151,000
- Bank portion
- $5,800,000
- Estimated project size
- $11,056,667 (estimated)
- Estimated owner equity
- $1,105,667 (estimated, about 10% of the project)
- Bank lender
- The First National Bank of Waterloo, Waterloo, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 11, 2050 (estimated, approval date plus term)
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 312140, Distilleries
- Project location
- Monroe County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-12
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Distilleries: $2,008,400.
- 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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