Lucerne Vega Holdings LLC
Lucerne Vega Holdings LLC is a freight transportation arrangement business located in Wood Dale, IL, classified under NAICS code 488510. The company was financed with an SBA 7(a) loan for a change of ownership, with two 7(a) loans approved on April 9, 2024 from Old National Bank totaling $4,569,500, the larger being $4,069,500 and the smaller $500,000.
SBA 7(a) loan, change of ownership, approved Apr 9, 2024
$4,069,500 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,069,500
- SBA-guaranteed amount
- $3,052,125 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- April 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $49,913 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 488510, Freight Transportation Arrangement
- 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 76% of acquisition loans in Freight Transportation Arrangement on this site.
- Average acquisition loan in Freight Transportation Arrangement: $2,442,765.
- 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.
SBA 7(a) loan, change of ownership, approved Apr 9, 2024
$500,000 approvedLender: Old National Bank2 years termPaid in fullLoan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 9.5%, fixed
- Term
- 2 years (24 months)
- Estimated maturity
- April 9, 2026 (estimated, approval date plus term)
- Estimated monthly payment
- $22,957 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 29, 2024
- Loan status
- Paid in full
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 488510, Freight Transportation Arrangement
- 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
- Yes
- Average acquisition loan in Freight Transportation Arrangement: $2,442,765.
- 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
- Harry F. Long, Inc., Wood Dale