Rockford Brake Manufacturing, Inc.
Rockford Brake Manufacturing, Inc. is located in Rockford, Illinois, and operates in motor vehicle brake system manufacturing. The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on December 17, 2025, by St. Charles Bank & Trust Company, National Association. The loan record reports 150 jobs.
SBA 7(a) loan, change of ownership, approved Dec 17, 2025
$500,000 approvedLender: St. Charles Bank & Trust Company, National Association7 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- St. Charles Bank & Trust Company, National Association, Saint Charles, IL
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 7%, variable
- Term
- 7 years (84 months)
- Estimated maturity
- December 17, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $7,546 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 150
- Business type
- Corporation
- NAICS
- 336340, Motor Vehicle Brake System Manufacturing
- Project location
- Winnebago County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-16
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Motor Vehicle Brake System Manufacturing: $500,000.
- 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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