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Alumitec 123 LLC

Chicago, IL · All Other Personal Services · NAICS 812990

Alumitec 123 LLC is a business located in Chicago, Illinois, in the All Other Personal Services industry (NAICS 812990). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,794,500, approved on May 28, 2025, through The Huntington National Bank. The loan records list 19 jobs.

SBA 7(a) loan, change of ownership, approved May 28, 2025

$1,794,500 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,794,500
SBA-guaranteed amount
$1,345,875 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
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 28, 2035 (estimated, approval date plus term)
Estimated monthly payment
$23,220 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
812990, All Other Personal Services
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 70% of acquisition loans in All Other Personal Services on this site.
  • Average acquisition loan in All Other Personal Services: $1,504,156.
  • 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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Same industry in Illinois