Blac Inc.

195 Spangler Ave, Elmhurst, IL 60126 · Fluid Power Cylinder and Actuator Manufacturing (NAICS 333995)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

9

Total Amount

$17.0M

Jobs Supported

649

Years Active

2017–2026

Loan History (9)

Source: SBA FOIA
7(a)$2,000,000
Committed
Approved
Dec 8, 2025 (FY2026)
SBA Guaranteed
$1,800,000 (90%)
Term
36 months (3.0 yrs)
Interest Rate
8.00%
Revolver
1
Jobs Supported
92
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Fluid Power Cylinder and Actuator Manufacturing (NAICS 333995)

Lender

First American Bank

700 Busse Rd, Elk Grove Village, IL 60007

Project Location

Dupage County, IL

7(a)$2,000,000
Paid in Full
Approved
Nov 8, 2022 (FY2023)
SBA Guaranteed
$1,800,000 (90%)
Term
36 months (3.0 yrs)
Interest Rate
8.00%
Revolver
1
Jobs Supported
55
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Industrial Machinery and Equipment Merchant Wholesalers (NAICS 423830)
Paid in Full
Nov 30, 2025

Lender

First American Bank

700 Busse Rd, Elk Grove Village, IL 60007

Project Location

Dupage County, IL

7(a)$1,000,000
Exempt
Approved
Nov 7, 2022 (FY2023)
SBA Guaranteed
$750,000 (75%)
Term
108 months (9.0 yrs)
Interest Rate
7.25%
Revolver
0
Jobs Supported
55
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Industrial Machinery and Equipment Merchant Wholesalers (NAICS 423830)

Lender

First American Bank

700 Busse Rd, Elk Grove Village, IL 60007

Project Location

Dupage County, IL

7(a)$2,000,000
Paid in Full
Approved
Dec 2, 2021 (FY2022)
SBA Guaranteed
$1,800,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
4.50%
Revolver
1
Jobs Supported
60
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Other Metal Valve and Pipe Fitting Manufacturing (NAICS 332919)
Paid in Full
Dec 31, 2022

Lender

Bmo Bank National Association

320 S Canal St, Chicago, IL 60606

Project Location

Dupage County, IL

7(a)$2,000,000
Paid in Full
Approved
Oct 8, 2020 (FY2021)
SBA Guaranteed
$1,800,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
4.50%
Revolver
1
Jobs Supported
84
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Other Metal Valve and Pipe Fitting Manufacturing (NAICS 332919)
Paid in Full
Dec 31, 2021

Lender

Bmo Bank National Association

320 S Canal St, Chicago, IL 60606

Project Location

Dupage County, IL

7(a)$2,000,000
Paid in Full
Approved
Jul 25, 2019 (FY2019)
SBA Guaranteed
$1,800,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
6.75%
Revolver
1
Jobs Supported
91
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Other Metal Valve and Pipe Fitting Manufacturing (NAICS 332919)
Paid in Full
Nov 30, 2020

Lender

Bmo Bank National Association

320 S Canal St, Chicago, IL 60606

Project Location

Dupage County, IL

7(a)$2,000,000
Paid in Full
Approved
Jul 30, 2018 (FY2018)
SBA Guaranteed
$1,800,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
6.25%
Revolver
1
Jobs Supported
82
Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
Industry
Other Metal Valve and Pipe Fitting Manufacturing (NAICS 332919)
Paid in Full
Sep 30, 2019

Lender

Bmo Bank National Association

320 S Canal St, Chicago, IL 60606

Project Location

Dupage County, IL

7(a)$2,000,000
Cancelled
Approved
Sep 1, 2017 (FY2017)
SBA Guaranteed
$1,800,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
5.25%
Revolver
0
Jobs Supported
65
Business Type
Corporation
Industry
Other Metal Valve and Pipe Fitting Manufacturing (NAICS 332919)

Lender

Bmo Bank National Association

320 S Canal St, Chicago, IL 60606

Project Location

Dupage County, IL

7(a)$2,000,000
Paid in Full
Approved
Sep 19, 2017 (FY2017)
SBA Guaranteed
$1,800,000 (90%)
Term
12 months (1.0 yrs)
Interest Rate
5.25%
Revolver
1
Jobs Supported
65
Business Type
Corporation
Industry
Other Metal Valve and Pipe Fitting Manufacturing (NAICS 332919)
Paid in Full
Oct 31, 2018

Lender

Bmo Bank National Association

320 S Canal St, Chicago, IL 60606

Project Location

Dupage County, IL

Business Details

Business Type
Corporation
Business Age
Existing or More Than 2 Years Old
NAICS Code
333995 — Fluid Power Cylinder and Actuator Manufacturing
Address
195 Spangler Ave
Elmhurst, IL 60126

Lenders

First American Bank
700 Busse Rd, Elk Grove Village, IL 60007
Bmo Bank National Association
320 S Canal St, Chicago, IL 60606

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