South Michigan Ave Investments LLC
South Michigan Ave Investments LLC is located in Hinsdale, Illinois, in the Other Individual and Family Services industry (NAICS 624190), and operates as a Home Helpers Home Care franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $1,970,000 from Byline Bank, with a loan approval dated September 25, 2026.
SBA 7(a) loan, change of ownership, approved Sep 25, 2026
$1,970,000 approvedLender: Byline Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,970,000
- SBA-guaranteed amount
- $1,477,500 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 25, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $25,491 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 115
- Business type
- Corporation
- NAICS
- 624190, Other Individual and Family Services
- Franchise
- Home Helpers Home Care
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Individual and Family Services: $1,707,720.
- 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
- South Michigan Ave Investments LLC, Bourbonnais