Olympic Controls Corp.
1250 Crispin Dr, Elgin, IL 60123 · Other Communications Equipment Manufacturing (NAICS 334290)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
3
Total Amount
$5.0M
Jobs Supported
120
Years Active
2023–2024
Loan History (3)
Source: SBA FOIA7(a)$1,000,000
Exempt
- Approved
- Jan 26, 2024 (FY2024)
- SBA Guaranteed
- $750,000 (75%)
- Term
- 24 months (2.0 yrs)
- Interest Rate
- 9.50%
- Revolver
- 1
- Jobs Supported
- 40
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Other Communications Equipment Manufacturing (NAICS 334290)
Lender
Schaumburg Bank & Trust Company, National Association
1180 E Higgins Rd, Schaumburg, IL 60173
Project Location
Kane County, IL
7(a)$3,500,000
Exempt
- Approved
- Feb 17, 2023 (FY2023)
- SBA Guaranteed
- $2,625,000 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 7.50%
- Revolver
- 0
- Jobs Supported
- 40
- Business Type
- Corporation
- Business Age
- Change of Ownership
- Industry
- Other Communications Equipment Manufacturing (NAICS 334290)
Lender
Schaumburg Bank & Trust Company, National Association
1180 E Higgins Rd, Schaumburg, IL 60173
Project Location
Kane County, IL
7(a)$500,000
Paid in Full
- Approved
- Feb 16, 2023 (FY2023)
- SBA Guaranteed
- $250,000 (50%)
- Term
- 84 months (7.0 yrs)
- Interest Rate
- 8.50%
- Revolver
- 1
- Jobs Supported
- 40
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Other Communications Equipment Manufacturing (NAICS 334290)
- Paid in Full
- Feb 29, 2024
Lender
Schaumburg Bank & Trust Company, National Association
1180 E Higgins Rd, Schaumburg, IL 60173
Project Location
Kane County, IL
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 334290 — Other Communications Equipment Manufacturing
- Address
- 1250 Crispin Dr
Elgin, IL 60123
Lender
- Schaumburg Bank & Trust Company, National Association
- 1180 E Higgins Rd, Schaumburg, IL 60173