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SBA 7(a)Committed, not yet disbursed

Chicago Motor Coach, Inc.

NORTHBROOK, ILU.S. Bank, National AssociationCharter Bus Industry · NAICS 485510
APPROVAL AMOUNT
$945,400
PROGRAM
SBA 7(a)
10 years term
APPROVED
2024-03-23
9.5% rate
JOBS SUPPORTED
27
Borrower-reported

Estimated monthly payment

MONTHLY
$12,233
AT RATE
9.5%
recorded at approval
TOTAL INTEREST
$522,589
over 10 yrs
TOTAL REPAID
$1,467,989

Computed from this loan's recorded initial rate and term. Most 7(a) rates are variable and reset with the base rate, so the real schedule drifts from this, and SBA guaranty fees and closing costs are not included. Adjust the assumptions.

Loan details & location

LOCATION
NORTHBROOK, IL 60062
INDUSTRY
Charter Bus Industry · NAICS 485510
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
9.5%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
09
NORTHBROOK, IL 60062

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