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F4 Phantom Investments LLC - F13 Lightning Investments LLC

Mount Prospect, IL · Limited-Service Restaurants · NAICS 722513

F4 Phantom Investments LLC - F13 Lightning Investments LLC is a limited-service restaurant business located in Mount Prospect, Illinois, in the industry classified under NAICS code 722513. The business was financed with an SBA 7(a) loan for a change of ownership of $1.5 million, approved by Byline Bank on April 10, 2024.

SBA 7(a) loan, change of ownership, approved Apr 10, 2024

$1,500,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,500,000
SBA-guaranteed amount
$1,125,000 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
April 10, 2049 (estimated, approval date plus term)
Estimated monthly payment
$14,974 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 73% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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