Financing a all other rubber product manufacturing acquisition in Illinois

1+ funded All Other Rubber Product Manufacturing in Illinois deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

• Polyonics Rubber Enterprises, Inc. in Poplar Grove, IL — $302K (2020) · purchase · The Huntington National Bank

  Program

  Preferred Lenders Program

  Rate at approval

  5.25% variable

  Term

  120 mo (10 yrs)

  SBA guaranteed

  $227K (75%)

  Approval → funding

  9 days

  Approved

  9/21/2020

  First disbursed

  9/30/2020

  Loan status

  Paid in full (9/30/2023)

  Loan type

  Term loan

  Collateral

  Required

  Business type

  Corporation

  Secondary market

  Loan sold to investors

  Jobs supported

  9

  Business age

  Change of Ownership

  Industry

  All Other Rubber Product Manufacturing

  If you were the buyer here

  Est. deal size

  $336K

  Est. down payment (10%)

  $34K

  Est. cash at closing

  $45K

  Monthly payment

  $3,242

  Annual debt service

  $39K

  Cash flow needed (1.25×)

  $49K

  Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.

  Funded by The Huntington National Bank · Lender record →

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