SB Real Estate Investment I Propco LLC
SB Real Estate Investment I Propco LLC, located in Chicago, Illinois, operates in the coin-operated laundries and drycleaners industry (NAICS 812310). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,391,000, with Banc of California as the lender and an approval date of September 30, 2026.
SBA 7(a) loan, change of ownership, approved Sep 30, 2026
$1,391,000 approvedLender: Banc of California25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,391,000
- SBA-guaranteed amount
- $1,043,250 (75% of the approval)
- Lender
- Banc of California, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.25%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- September 30, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $10,054 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Coin-Operated Laundries and Drycleaners on this site.
- Average acquisition loan in Coin-Operated Laundries and Drycleaners: $1,337,074.
- 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
- Specter BFN LLC, Chicago
- Joe & Sons Laundry LLC, Chicago
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