Main Street Registry

Navistar Global, LLC

Oak Lawn, IL · Machine Shops · NAICS 332710

Navistar Global, LLC, located in Oak Lawn, IL, operates in the machine shops industry (NAICS 332710). The business was financed with an SBA 7(a) loan for a change of ownership of $3,263,900, approved on May 21, 2025, by Merchants Bank of Indiana, with 23 jobs reported.

SBA 7(a) loan, change of ownership, approved May 21, 2025

$3,263,900 approvedLender: Merchants Bank of Indiana14 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,263,900
SBA-guaranteed amount
$2,937,510 (90% of the approval)
Lender
Merchants Bank of Indiana, Carmel, IN
Processing method
International Trade Loan: for businesses that export or are preparing to
Initial interest rate
9.75%, variable
Term
14 years (168 months)
Estimated maturity
May 21, 2039 (estimated, approval date plus term)
Estimated monthly payment
$35,682 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
332710, Machine Shops
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 81% of acquisition loans in Machine Shops on this site.
  • Average acquisition loan in Machine Shops: $2,116,278.
  • 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