Schumacher and Dalton Enterprises Inc.
Schumacher and Dalton Enterprises Inc. is a special needs transportation business in Effingham, Illinois. It was financed with an SBA 7(a) loan for a change of ownership of $1,906,000, approved on February 26, 2025 by Port 51 Lending LLC.
SBA 7(a) loan, change of ownership, approved Feb 26, 2025
$1,906,000 approvedLender: Port 51 Lending LLC106 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,906,000
- SBA-guaranteed amount
- $1,429,500 (75% of the approval)
- Lender
- Port 51 Lending LLC, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 8 years, 10 months (106 months)
- Estimated maturity
- December 26, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $27,664 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 22, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 485991, Special Needs Transportation
- Project location
- Effingham County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-15
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 83% of acquisition loans in Special Needs Transportation on this site.
- Average acquisition loan in Special Needs Transportation: $1,330,550.
- 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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