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R&S Logistics Inc

Rock Island, IL · Couriers and Express Delivery Services · NAICS 492110

R&S Logistics Inc is located in Rock Island, IL, and the SBA lists its industry as Couriers and Express Delivery Services. It was approved for an SBA 7(a) loan of $1,361,000 for a change of ownership on July 14, 2025.

SBA 7(a) loan, change of ownership, approved Jul 14, 2025

Gross approval
$1,361,000
SBA-guaranteed amount
$1,020,750 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
July 14, 2035 (estimated, approval date plus term)
Estimated monthly payment
$18,175 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 9, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
492110, Couriers and Express Delivery Services
Project location
Rock Island County, IL
SBA district office
Illinois District Office
Congressional district
IL-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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