Andrew Fredrick Holding Co.
Andrew Fredrick Holding Co. is a gift, novelty, and souvenir retailer located in Chicago, Illinois. The company was financed with an SBA 7(a) loan for a change of ownership of $791,000, approved on January 17, 2024, by First American Bank.
SBA 7(a) loan, change of ownership, approved Jan 17, 2024
$791,000 approvedLender: First American Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $791,000
- SBA-guaranteed amount
- $593,250 (75% of the approval)
- Lender
- First American Bank, Elk Grove Village, 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
- January 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,389 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 459420, Gift, Novelty, and Souvenir Retailers
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 36% of acquisition loans in Gift, Novelty, and Souvenir Retailers on this site.
- Average acquisition loan in Gift, Novelty, and Souvenir Retailers: $1,214,814.
- 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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