Iowa Illinois Office Solutions, LLC
Iowa Illinois Office Solutions, LLC is an office supplies and stationery retailer based in Bettendorf, Iowa. The company was financed with an SBA 7(a) loan for a change of ownership of $2.6 million, approved on July 3, 2026, through Northwest Bank.
SBA 7(a) loan, change of ownership, approved Jul 3, 2026
$2,591,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,591,000
- SBA-guaranteed amount
- $1,943,250 (75% of the approval)
- Lender
- Northwest Bank, Spencer, IA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 3, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $30,756 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 10, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 53
- Business type
- Corporation
- NAICS
- 459410, Office Supplies and Stationery Retailers
- Project location
- Scott County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Office Supplies and Stationery Retailers: $1,808,583.
- Average acquisition loan in Iowa: $1,701,244.
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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