Sunway Carriers Inc.
Sunway Carriers Inc. is located in Montgomery, IL, and the SBA lists its industry as General Freight Trucking, Long-Distance, Truckload. It was approved for an SBA 504 loan ($4,922,000 SBA portion) on March 12, 2024 to finance real estate or equipment.
SBA 504 loan, approved Mar 12, 2024
- SBA (CDC) portion
- $4,922,000
- Bank portion
- $7,260,000
- Estimated project size
- $13,535,556 (estimated)
- Estimated owner equity
- $1,353,556 (estimated, about 10% of the project)
- Bank lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 12, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 484121, General Freight Trucking, Long-Distance, Truckload
- Project location
- Kendall County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-11
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 86% of expansion loans in General Freight Trucking, Long-Distance, Truckload on this site.
- Average expansion loan in General Freight Trucking, Long-Distance, Truckload: $2,635,784.
- Average expansion loan in Illinois: $2,310,827.
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
- Max Carriers, Inc., Alsip
- Huff Logistics Group Inc., Rock Island
- MW Express Corp, Romeoville
- VS Carriers Inc., Huntley
- Efficient Motor Freight, Inc., Elk Grove Village
- Freightstar Expedited LLC, Bartlett
- Bostan Express Inc., Crestwood
- Orest Express Inc., Northbrook