Farrelly Family LLC
Farrelly Family LLC, located in Aurora, Illinois, operates in the offices of chiropractors industry (NAICS 621310). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $760,000 approved on January 25, 2024, through Gulf Coast Bank and Trust Company.
SBA 7(a) loan, change of ownership, approved Jan 25, 2024
$760,000 approvedLender: Gulf Coast Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $760,000
- SBA-guaranteed amount
- $570,000 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 25, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,577 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
- 2
- Business type
- Corporation
- NAICS
- 621310, Offices of Chiropractors
- Project location
- Kane County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 49% of acquisition loans in Offices of Chiropractors on this site.
- Average acquisition loan in Offices of Chiropractors: $1,068,282.
- 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
- Nashville Chiropractic, PLLC, Nashville
- Apmstc, LLC, Saint Charles
- 700 Florsheim LLC, Libertyville