Chicago Hygiene Ventures LLC
Chicago Hygiene Ventures LLC is located in Bensenville, IL, and the SBA lists its industry as Janitorial Services. It was approved for an SBA 7(a) loan of $677,500 for a change of ownership on April 13, 2024.
SBA 7(a) loan, change of ownership, approved Apr 13, 2024
- Gross approval
- $677,500
- SBA-guaranteed amount
- $508,125 (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
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,333 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 26, 2024
- Loan status
- Paid in full
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 561720, Janitorial Services
- Franchise
- Enviro-Master Services
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 28% of acquisition loans in Janitorial Services on this site.
- Average acquisition loan in Janitorial Services: $1,070,529.
- 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
- JaJo Investments LLC, Westmont