Virtual Energy Solutions, Inc.
Virtual Energy Solutions, Inc. is located in Chicago, IL, and the SBA lists its industry as Engineering Services. It was approved for an SBA 7(a) loan of $723,000 for a change of ownership on March 13, 2025.
SBA 7(a) loan, change of ownership, approved Mar 13, 2025
- Gross approval
- $723,000
- SBA-guaranteed amount
- $542,250 (75% of the approval)
- Lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.8%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,696 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 541330, Engineering Services
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 21% of acquisition loans in Engineering Services on this site.
- Average acquisition loan in Engineering Services: $1,946,706.
- 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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