Pbl LLC -1555
Pbl LLC -1555 is located in Downers Grove, IL, and the SBA lists its industry as Office Supplies and Stationery Retailers. It was approved for an SBA 7(a) loan of $636,500 for a change of ownership on October 21, 2024.
SBA 7(a) loan, change of ownership, approved Oct 21, 2024
- Gross approval
- $636,500
- SBA-guaranteed amount
- $477,375 (75% of the approval)
- Lender
- Barrington Bank & Trust Company, National Association, Barrington, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.95%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,374 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 459410, Office Supplies and Stationery Retailers
- Franchise
- The UPS Store
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Office Supplies and Stationery Retailers: $1,808,583.
- 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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