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SBA 7(a)Committed, not yet disbursed

TLC, Inc.

NORTHFIELD, ILNorthbrook Bank & Trust Company, National AssociationGift, Novelty, and Souvenir Retailers · NAICS 459420
APPROVAL AMOUNT
$1,275,000
PROGRAM
SBA 7(a)
10 years term
APPROVED
2026-06-01
8.75% rate
JOBS SUPPORTED
28
Borrower-reported

Estimated monthly payment

MONTHLY
$15,979
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$642,499
over 10 yrs
TOTAL REPAID
$1,917,499

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
NORTHFIELD, IL 60093
INDUSTRY
Gift, Novelty, and Souvenir Retailers · NAICS 459420
BUSINESS STRUCTURE
Corporation
LOAN TERM
10 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Committed, not yet disbursed
CONGRESSIONAL DIST.
09
NORTHFIELD, IL 60093

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