West Loop Soccer Club Inc
West Loop Soccer Club Inc is a sports teams and clubs business located in Chicago, Illinois. It was financed with an SBA 7(a) loan for a change of ownership in the amount of $3,750,500, approved by Old National Bank with an approval date of September 1, 2026.
SBA 7(a) loan, change of ownership, approved Sep 1, 2026
$3,750,500 approvedLender: Old National Bank303 months termCommitted, not fully disbursedLoan details
- Gross approval
- $3,750,500
- SBA-guaranteed amount
- $2,812,875 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 25 years, 3 months (303 months)
- Estimated maturity
- December 1, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $27,623 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 711211, Sports Teams and Clubs
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Sports Teams and Clubs: $3,750,500.
- 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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