ADI East, LLC
ADI East, LLC is located in Champaign, IL, and the SBA lists its industry as Service Establishment Equipment and Supplies Merchant Wholesalers. It was approved for an SBA 7(a) loan of $850,000 for a change of ownership on May 8, 2025.
SBA 7(a) loan, change of ownership, approved May 8, 2025
- Gross approval
- $850,000
- SBA-guaranteed amount
- $637,500 (75% of the approval)
- Lender
- Busey Bank, Champaign, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 8, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $10,999 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 423850, Service Establishment Equipment and Supplies Merchant Wholesalers
- Project location
- Champaign County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Service Establishment Equipment and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Service Establishment Equipment and Supplies Merchant Wholesalers: $1,564,583.
- Average acquisition loan in Illinois: $1,796,780.
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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