Chicago Hygiene Ventures LLC
Chicago Hygiene Ventures LLC is a janitorial services business in Bensenville, Illinois, operating under the NAICS code 561720. The company was financed with an SBA 7(a) loan for a change of ownership of $677,500, approved by The Huntington National Bank on April 13, 2024. The business is a franchise of Enviro-Master Services and reported 19 jobs on the loan.
SBA 7(a) loan, change of ownership, approved Apr 13, 2024
- Gross approval
- $677,500
- SBA-guaranteed amount
- $508,125 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,333 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 26, 2024
- Loan status
- Paid in full
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 561720, Janitorial Services
- Franchise
- Enviro-Master Services
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 28% of acquisition loans in Janitorial Services on this site.
- Average acquisition loan in Janitorial Services: $1,070,529.
- 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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