Wolf Family Enterprises, LLC
Wolf Family Enterprises, LLC, located in Elk Grove Village, Illinois, is classified under the industry Tire and Tube Merchant Wholesalers (NAICS 423130). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,229,000, approved on September 16, 2024, with Hinsdale Bank & Trust Company, National Association as the lender and SomerCor 504, Inc. as the certified development company.
SBA 504 loan, approved Sep 16, 2024
$1,229,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,229,000
- Bank portion
- $1,475,000
- Estimated project size
- $3,004,444 (estimated)
- Estimated owner equity
- $300,444 (estimated, about 10% of the project)
- Bank lender
- Hinsdale Bank & Trust Company, National Association, Hinsdale, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 16, 2049 (estimated, approval date plus term)
- First disbursement
- May 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 423130, Tire and Tube Merchant Wholesalers
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Tire and Tube Merchant Wholesalers: $2,512,333.
- 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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