Alltech Supply and Service, LLC
Alltech Supply and Service, LLC, located in Woodridge, Illinois, is classified under the industry Industrial Supplies Merchant Wholesalers (NAICS 423840). The business was financed with an SBA 7(a) loan for a change of ownership, with two loans of $500,000 and $1,856,000 approved by Wheaton Bank & Trust Company, National Association on September 30, 2025.
SBA 7(a) loan, change of ownership, approved Sep 30, 2025
$1,856,000 approvedLender: Wheaton Bank & Trust Company, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,856,000
- SBA-guaranteed amount
- $1,392,000 (75% of the approval)
- Lender
- Wheaton Bank & Trust Company, National Association, Wheaton, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 30, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $22,031 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 61% of acquisition loans in Industrial Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- Average acquisition loan in Illinois: $1,796,780.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
SBA 7(a) loan, change of ownership, approved Sep 30, 2025
$500,000 approvedLender: Wheaton Bank & Trust Company, National Association7 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Wheaton Bank & Trust Company, National Association, Wheaton, IL
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 7.5%, variable
- Term
- 7 years (84 months)
- Estimated maturity
- September 30, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $7,669 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 423840, Industrial Supplies Merchant Wholesalers
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Industrial Supplies Merchant Wholesalers: $1,953,526.
- Average acquisition loan in Illinois: $1,796,780.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Illinois
- United Maintenance Welding & Machining Co., Inc., Bedford Park