Reyes Meats and Produce LLC
Reyes Meats and Produce LLC is a meat and meat product merchant wholesaler located in Calumet City, Illinois. The company financed real estate or equipment through an SBA 504 loan of $1,397,000, with Byline Bank as the lending bank and Small Business Growth Corporation as the certified development company, approved on November 20, 2024.
SBA 504 loan, approved Nov 20, 2024
$1,397,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,397,000
- Bank portion
- $1,950,000
- Estimated project size
- $3,718,889 (estimated)
- Estimated owner equity
- $371,889 (estimated, about 10% of the project)
- Bank lender
- Byline Bank, Chicago, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- November 20, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 424470, Meat and Meat Product Merchant Wholesalers
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Meat and Meat Product Merchant Wholesalers: $3,035,250.
- 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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