SBA lending record
Frictionless Solutions, Inc.
415 W. Golf Road, Arlington Heights, IL 60005 · All Other Professional, Scientific, and Technical Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.0M
Total SBA financing
1
Loan on record
FY2023
On record
9
Jobs supported
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The loan
$1,000,000 — FY2023
- Gross approval
- $1,000,000
- SBA guaranteed
- $750,000 (75%)
- Status
- Paid in full
- Rate at approval
- 8.25% v
- Term
- 120 mo (10 yr)
- Program
- Standard Asset Base Working Capital Line
- Subprogram
- Standard Asset Based
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 4/11/2023
- First disbursement
- 10/11/2023
- Days to fund
- 183 days
- Paid in full
- 9/30/2024
- Collateral
- Required
The lender
First American Bank
1 loan to this business- Total assets
- $8221.6B
- Deposits
- $5245.8B
- Loans outstanding
- $3165.4B
- Net income
- $30.8B
- Return on assets
- 1.5091069511295316%
- Return on equity
- 17.91%
- Total equity
- $687.7B
- Offices
- 60
- Founded
- 03/2
- Headquarters
- 700 Busse Rd, Elk Grove Village, IL, 60007
- FDIC cert
- 3657
- Website
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Frictionless Solutions, Inc..