Tag Team 18, PLLC
Tag Team 18, PLLC is located in Mount Prospect, IL, and the SBA lists its industry as Barber Shops. It was approved for an SBA 7(a) loan of $3,200,000 for a change of ownership on August 6, 2026.
SBA 7(a) loan, change of ownership, approved Aug 6, 2026
- Gross approval
- $3,200,000
- SBA-guaranteed amount
- $2,400,000 (75% of the approval)
- Lender
- Village Bank and Trust, National Association, Arlington Heights, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- August 6, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $37,155 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 131
- Business type
- Corporation
- NAICS
- 812111, Barber Shops
- Franchise
- Sport Clips
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Barber Shops: $1,648,867.
- 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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