Rackhouse Tavern Llc
222 E. Algonquin Road, Arlington Heights, IL 60005 · Full-service Restaurants (NAICS 722511)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$3.1M
Jobs Supported
75
Years Active
2013–2017
Loan History (2)
Source: SBA FOIA7(a)$2,480,300
Exempt
- Approved
- Nov 7, 2016 (FY2017)
- SBA Guaranteed
- $1,860,225 (75%)
- Term
- 264 months (22.0 yrs)
- Interest Rate
- 5.75%
- Revolver
- 0
- Jobs Supported
- 25
- Business Type
- Corporation
- Industry
- Full-service Restaurants (NAICS 722511)
Lender
Mission Valley Bank
9116 Sunland Blvd, Sun Valley, CA 91352
Project Location
Cook County, IL
504$623,000
Paid in Full
- Approved
- Oct 26, 2012 (FY2013)
- Term
- 240 months (20.0 yrs)
- Jobs Supported
- 50
- Business Type
- Corporation
- Industry
- Full-service Restaurants (NAICS 722110)
- Paid in Full
- Apr 30, 2017
Lender
The Bancorp Bank National Association
Certified Development Company (CDC)
Somercor 504, Inc.
209 S. Lasalle Street, Chicago, IL 60604
Third-Party Lender
The Bancorp Bank National Association · Sioux Falls, SD
Project Location
Cook County, IL
Business Details
- Business Type
- Corporation
- NAICS Code
- 722511 — Full-service Restaurants
- Address
- 222 E. Algonquin Road
Arlington Heights, IL 60005
Lenders
- Mission Valley Bank
- 9116 Sunland Blvd, Sun Valley, CA 91352
- The Bancorp Bank National Association