Black Raven Media LLC
Black Raven Media LLC is a media buying agency located in Chicago, Illinois, classified under NAICS code 541830. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $581,000, approved by TowneBank on April 13, 2024.
SBA 7(a) loan, change of ownership, approved Apr 13, 2024
$581,000 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $581,000
- SBA-guaranteed amount
- $435,750 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,169 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 541830, Media Buying Agencies
- Project location
- Cook County, IL
- SBA district office
- Wisconsin District Office
- Congressional district
- IL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Media Buying Agencies: $540,500.
- 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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