Converting Systems Inc.
1045 E. Remington Road, Schaumburg, IL 60173
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$4.9M
Jobs Supported
36
Years Active
2025–2025
Loan History (2)
Source: SBA FOIA7(a)$4,354,000
Exempt
- Approved
- May 22, 2025 (FY2025)
- SBA Guaranteed
- $3,265,500 (75%)
- Term
- 160 months (13.3 yrs)
- Interest Rate
- 7.60%
- Revolver
- 0
- Jobs Supported
- 18
- Business Type
- Corporation
- Business Age
- Change of Ownership
Lender
Cibc Bank Usa
120 S Lasalle St, Chicago, IL 60603
Project Location
Cook County, IL
7(a)$500,000
Committed
- Approved
- May 22, 2025 (FY2025)
- SBA Guaranteed
- $250,000 (50%)
- Term
- 72 months (6.0 yrs)
- Interest Rate
- 9.25%
- Revolver
- 1
- Jobs Supported
- 18
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
Lender
Cibc Bank Usa
120 S Lasalle St, Chicago, IL 60603
Project Location
Cook County, IL
Business Details
- Business Type
- Corporation
- Business Age
- Change of Ownership
- NAICS Code
- 333248
- Address
- 1045 E. Remington Road
Schaumburg, IL 60173
Lender
- Cibc Bank Usa
- 120 S Lasalle St, Chicago, IL 60603