Main Street Registry

Six Fifty-One Services, LLC

Evanston, IL · Roofing Contractors · NAICS 238160

Six Fifty-One Services, LLC is a roofing contractor located in Evanston, Illinois, in the roofing contractors industry (NAICS 238160). The company was financed with an SBA 7(a) loan for a change of ownership of $637,800, approved by Bank of Springfield on July 30, 2024.

SBA 7(a) loan, change of ownership, approved Jul 30, 2024

$637,800 approvedLender: Bank of Springfield123 months termStatus not reported (SBA exemption)Loan details
Gross approval
$637,800
SBA-guaranteed amount
$478,350 (75% of the approval)
Lender
Bank of Springfield, Springfield, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.65%, variable
Term
10 years, 3 months (123 months)
Estimated maturity
October 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,185 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
238160, Roofing Contractors
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 6% of acquisition loans in Roofing Contractors on this site.
  • Average acquisition loan in Roofing Contractors: $1,899,751.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois