Howe Freightways Inc.

2716 8th St, Rockford, IL 61109 · General Freight Trucking, Local (NAICS 484110)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

Total Amount

$8.6M

Jobs Supported

230

Years Active

2010–2026

Loan History (9)

Source: SBA FOIA

7(a)$1,200,000

Committed

Approved: Nov 19, 2025 (FY2026)
SBA Guaranteed: $900,000 (75%)
Term: 120 months (10.0 yrs)
Interest Rate: 7.00%
Revolver: 0
Jobs Supported: 34
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: General Freight Trucking, Local (NAICS 484110)

Lender

St. Charles Bank & Trust Company, National Association

411 W Main St, Saint Charles, IL 60174

Project Location

Winnebago County, IL

7(a)$161,500

Paid in Full

Approved: Aug 2, 2021 (FY2021)
SBA Guaranteed: $121,125 (75%)
Term: 102 months (8.5 yrs)
Interest Rate: 3.25%
Revolver: 0
Jobs Supported: 32
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: Specialized Freight (except Used Goods) Trucking, Local (NAICS 484220)
Paid in Full: Jul 31, 2024

Lender

St. Charles Bank & Trust Company, National Association

411 W Main St, Saint Charles, IL 60174

Project Location

Winnebago County, IL

7(a)$731,000

Exempt

Approved: Aug 2, 2021 (FY2021)
SBA Guaranteed: $657,900 (90%)
Term: 120 months (10.0 yrs)
Interest Rate: 3.25%
Revolver: 0
Jobs Supported: 32
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: Specialized Freight (except Used Goods) Trucking, Local (NAICS 484220)

Lender

St. Charles Bank & Trust Company, National Association

411 W Main St, Saint Charles, IL 60174

Project Location

Winnebago County, IL

7(a)$2,252,000

Exempt

Approved: Sep 15, 2020 (FY2020)
SBA Guaranteed: $1,689,000 (75%)
Term: 119 months (9.9 yrs)
Interest Rate: 3.25%
Revolver: 0
Jobs Supported: 32
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: Specialized Freight (except Used Goods) Trucking, Local (NAICS 484220)

Lender

St. Charles Bank & Trust Company, National Association

411 W Main St, Saint Charles, IL 60174

Project Location

Winnebago County, IL

7(a)$568,000

Paid in Full

Approved: Sep 15, 2020 (FY2020)
SBA Guaranteed: $284,000 (50%)
Term: 102 months (8.5 yrs)
Interest Rate: 3.25%
Revolver: 0
Jobs Supported: 32
Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
Industry: Specialized Freight (except Used Goods) Trucking, Local (NAICS 484220)
Paid in Full: Jul 31, 2024

Lender

St. Charles Bank & Trust Company, National Association

411 W Main St, Saint Charles, IL 60174

Project Location

Winnebago County, IL

7(a)$768,000

Paid in Full

Approved: Dec 10, 2013 (FY2014)
SBA Guaranteed: $576,000 (75%)
Term: 120 months (10.0 yrs)
Interest Rate: 6.00%
Revolver: 0
Jobs Supported: 5
Business Type: Corporation
Industry: General Freight Trucking, Local (NAICS 484110)
Paid in Full: Oct 31, 2020

Lender

Umb Bank, National Association

1010 Grand Blvd, Kansas City, MO 64106

Project Location

Winnebago County, IL

7(a)$771,000

Paid in Full

Approved: Jun 6, 2014 (FY2014)
SBA Guaranteed: $578,250 (75%)
Term: 120 months (10.0 yrs)
Interest Rate: 6.00%
Revolver: 0
Jobs Supported: 5
Business Type: Corporation
Industry: General Freight Trucking, Local (NAICS 484110)
Paid in Full: Oct 31, 2020

Lender

Umb Bank, National Association

1010 Grand Blvd, Kansas City, MO 64106

Project Location

Winnebago County, IL

7(a)$111,500

Paid in Full

Approved: Feb 9, 2012 (FY2012)
SBA Guaranteed: $83,625 (75%)
Term: 120 months (10.0 yrs)
Interest Rate: 6.00%
Revolver: 0
Jobs Supported: 29
Business Type: Corporation
Industry: General Freight Trucking, Local (NAICS 484110)
Paid in Full: Oct 31, 2020

Lender

Umb Bank, National Association

1010 Grand Blvd, Kansas City, MO 64106

Project Location

Winnebago County, IL

7(a)$1,989,000

Paid in Full

Approved: Oct 20, 2009 (FY2010)
SBA Guaranteed: $1,491,750 (75%)
Term: 120 months (10.0 yrs)
Interest Rate: 6.00%
Revolver: 0
Jobs Supported: 29
Business Type: Corporation
Industry: General Freight Trucking, Local (NAICS 484110)
Paid in Full: Jan 31, 2018

Lender

Umb Bank, National Association

1010 Grand Blvd, Kansas City, MO 64106

Project Location

Winnebago County, IL

Business Details

Business Type: Corporation
Business Age: Existing or More Than 2 Years Old
NAICS Code: 484110 — General Freight Trucking, Local
Address: 2716 8th St
Rockford, IL 61109

Lenders

St. Charles Bank & Trust Company, National Association

411 W Main St, Saint Charles, IL 60174

Umb Bank, National Association

1010 Grand Blvd, Kansas City, MO 64106

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