United Maintenance Welding & Machining Co., Inc.
United Maintenance Welding & Machining Co., Inc. is an industrial supplies merchant wholesaler in Bedford Park, IL, classified under NAICS 423840. The company was financed with an SBA 7(a) loan for a change of ownership of $4,035,000 approved by Byline Bank on August 25, 2026.
SBA 7(a) loan, change of ownership, approved Aug 25, 2026
$4,035,000 approvedLender: Byline Bank25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $4,035,000
- SBA-guaranteed amount
- $3,026,250 (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
- 25 years (300 months)
- Estimated maturity
- August 25, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $35,254 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Industrial Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- 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
- Alltech Supply and Service, LLC, Woodridge