U.S. Messenger & Logistics, Inc.
U.S. Messenger & Logistics, Inc. is a local messenger and delivery business in Willowbrook, IL, in the local messengers and local delivery industry (NAICS 492210). The company was financed with an SBA 7(a) loan for a change of ownership of $3.3 million, made by Byline Bank and approved on December 21, 2023.
SBA 7(a) loan, change of ownership, approved Dec 21, 2023
$3,300,000 approvedLender: Byline Bank10 years termPaid in fullLoan details
- Gross approval
- $3,300,000
- SBA-guaranteed amount
- $2,970,000 (90% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 21, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $45,458 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 2, 2024
- Loan status
- Paid in full
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 492210, Local Messengers and Local Delivery
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 86% of acquisition loans in Local Messengers and Local Delivery on this site.
- Average acquisition loan in Local Messengers and Local Delivery: $1,639,155.
- 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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