J & R Herra Commercial, Inc.
J & R Herra Commercial, Inc. is an electrical contracting business located in Saint Charles, Illinois, in the Electrical Contractors and Other Wiring Installation Contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,868,000, approved by St. Charles Bank & Trust Company, National Association, with an approval date of September 22, 2026.
SBA 7(a) loan, change of ownership, approved Sep 22, 2026
$2,868,000 approvedLender: St. Charles Bank & Trust Company, National Association17 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,868,000
- SBA-guaranteed amount
- $2,151,000 (75% of the approval)
- Lender
- St. Charles Bank & Trust Company, National Association, Saint Charles, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, fixed
- Term
- 17 years (204 months)
- Estimated maturity
- September 22, 2043 (estimated, approval date plus term)
- Estimated monthly payment
- $24,081 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 238210, Electrical Contractors and Other Wiring Installation Contractors
- Project location
- Kane County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
- Average acquisition loan in Electrical Contractors and Other Wiring Installation Contractors: $1,890,316.
- 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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