Varsity Commercial Holdings LLC
Varsity Commercial Holdings LLC is a business in Lisle, Illinois, in the medical, dental, and hospital equipment and supplies merchant wholesalers industry (NAICS 423450). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1.76 million, approved on April 12, 2024, through Byline Bank with SomerCor 504, Inc. as the certified development company.
SBA 504 loan, approved Apr 12, 2024
$1,760,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,760,000
- Bank portion
- $2,533,000
- Estimated project size
- $4,770,000 (estimated)
- Estimated owner equity
- $477,000 (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
- April 12, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 423450, Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-6
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Average expansion loan in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers: $2,317,800.
- 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
- Premier Medical Products, Inc., Naperville