Main Street Registry

Red Oak Advisors LLC

Orland Park, IL · All Other Specialty Trade Contractors · NAICS 238990

Red Oak Advisors LLC is located in Orland Park, IL, and the SBA lists its industry as All Other Specialty Trade Contractors. It was approved for an SBA 7(a) loan of $2,431,900 for a change of ownership on July 30, 2024. This registry lists 2 loans for the company.

SBA 7(a) loan, change of ownership, approved Jul 30, 2024

Gross approval
$2,431,900
SBA-guaranteed amount
$1,823,925 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, fixed
Term
9 years, 11 months (119 months)
Estimated maturity
June 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$29,348 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 3, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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.

SBA 7(a) loan, change of ownership, approved Jul 30, 2024

Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
July 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,470 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
238990, All Other Specialty Trade Contractors
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes

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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Same industry in Illinois