Financing a other support activities for road transportation acquisition in Illinois

1+ funded Other Support Activities for Road Transportation 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.

• Rt 48 Inspections LLC in Argenta, IL — $333K (2022) · purchase · First Mid Bank & Trust, National Association

  Program

  7a General

  Rate at approval

  5.25% variable

  Term

  180 mo (15 yrs)

  SBA guaranteed

  $250K (75%)

  Approval → funding

  13 days

  Approved

  1/25/2022

  First disbursed

  2/7/2022

  Loan status

  Current

  Loan type

  Term loan

  Collateral

  Required

  Business type

  Corporation

  Jobs supported

  1

  Business age

  Change of Ownership

  Industry

  Other Support Activities for Road Transportation

  If you were the buyer here

  Est. deal size

  $370K

  Est. down payment (10%)

  $37K

  Est. cash at closing

  $49K

  Monthly payment

  $2,677

  Annual debt service

  $32K

  Cash flow needed (1.25×)

  $40K

  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 First Mid Bank & Trust, National Association · Lender record →

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