Premier Medical Products, Inc.
Premier Medical Products, Inc. is a medical, dental, and hospital equipment and supplies merchant wholesaler located in Naperville, IL. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $555,000, approved on April 1, 2025 through Byline Bank.
SBA 7(a) loan, change of ownership, approved Apr 1, 2025
$555,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $555,000
- SBA-guaranteed amount
- $416,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 1, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,258 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 3, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 423450, Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 5% of acquisition loans in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers: $1,918,150.
- 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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