Erdmann Exterior Design LTD
Erdmann Exterior Design LTD is located in Arlington Heights, IL, and the SBA lists its industry as All Other Specialty Trade Contractors. It was approved for an SBA 7(a) loan of $1,550,000 for a change of ownership on July 21, 2025.
SBA 7(a) loan, change of ownership, approved Jul 21, 2025
- Gross approval
- $1,550,000
- SBA-guaranteed amount
- $1,162,500 (75% of the approval)
- Lender
- Schaumburg Bank & Trust Company, National Association, Schaumburg, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,399 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 43
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 50% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- 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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