Signs Rockford LLC
Signs Rockford LLC is a sign manufacturing business in Rockford, Illinois, classified under NAICS code 339950. The company was financed with an SBA 7(a) loan for a change of ownership of $990,000, approved on April 10, 2024, by Northbrook Bank & Trust Company, National Association.
SBA 7(a) loan, change of ownership, approved Apr 10, 2024
$990,000 approvedLender: Northbrook Bank & Trust Company, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $990,000
- SBA-guaranteed amount
- $742,500 (75% of the approval)
- Lender
- Northbrook Bank & Trust Company, National Association, Northbrook, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 10, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $12,275 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 339950, Sign Manufacturing
- Franchise
- Shredder Indoor Ski and Snowboard School
- 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
- No (term loan)
- Larger than 36% of acquisition loans in Sign Manufacturing on this site.
- Average acquisition loan in Sign Manufacturing: $1,489,948.
- 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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Same industry in Illinois
- Central Decal Company, Inc., Burr Ridge
- Fastsigns of Gurnee, Waukegan