Main Street Registry

New Windy City Chicago Co

Morton Grove, IL · General Automotive Repair · NAICS 811111

New Windy City Chicago Co is a business in Morton Grove, Illinois, in the general automotive repair industry (NAICS 811111). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,780,800, approved on August 25, 2025, through Citizens Bank, with 20 jobs reported.

SBA 7(a) loan, change of ownership, approved Aug 25, 2025

$1,780,800 approvedLender: Citizens Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,780,800
SBA-guaranteed amount
$1,335,600 (75% of the approval)
Lender
Citizens Bank, Elizabethton, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
August 25, 2050 (estimated, approval date plus term)
Estimated monthly payment
$16,182 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 79% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois