Oswego Wellness, Inc.
Oswego Wellness, Inc. is located in Oswego, IL, and the SBA lists its industry as Offices of Mental Health Practitioners (except Physicians). It was approved for an SBA 7(a) loan of $1,400,000 for a change of ownership on September 16, 2024.
SBA 7(a) loan, change of ownership, approved Sep 16, 2024
- Gross approval
- $1,400,000
- SBA-guaranteed amount
- $1,050,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 16, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $18,891 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 621330, Offices of Mental Health Practitioners (except Physicians)
- Project location
- Kendall 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 68% of acquisition loans in Offices of Mental Health Practitioners (except Physicians) on this site.
- Average acquisition loan in Offices of Mental Health Practitioners (except Physicians): $1,394,742.
- 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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