Core Medical Billing Holding LLC
Core Medical Billing Holding LLC is a business in Tinley Park, Illinois, classified under the industry All Other Business Support Services (NAICS 561499). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,143,000, approved on March 25, 2025 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Mar 25, 2025
$1,143,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,143,000
- SBA-guaranteed amount
- $857,250 (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
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $14,790 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 561499, All Other Business Support Services
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Business Support Services: $1,816,156.
- 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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- Beaird Inc, Burr Ridge