Ronie and Friends LLC
Ronie and Friends LLC is located in Belleville, IL, and the SBA lists its industry as Pet Care (except Veterinary) Services. It was approved for an SBA 7(a) loan of $510,000 for a change of ownership on September 18, 2026.
SBA 7(a) loan, change of ownership, approved Sep 18, 2026
- Gross approval
- $510,000
- SBA-guaranteed amount
- $382,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 18, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $3,903 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 812910, Pet Care (except Veterinary) Services
- Project location
- Saint Clair County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
- 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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