My Fav Electronics Inc.
7603 New Gross Point Rd, Skokie, IL 60077 · Electronics Stores (NAICS 443142)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
3
Total Amount
$6.0M
Jobs Supported
164
Years Active
2019–2020
Loan History (3)
Source: SBA FOIA7(a)$2,000,000
Paid in Full
- Approved
- Oct 10, 2019 (FY2020)
- SBA Guaranteed
- $1,500,000 (75%)
- Term
- 12 months (1.0 yrs)
- Interest Rate
- 5.50%
- Revolver
- 1
- Jobs Supported
- 59
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Electronics Stores (NAICS 443142)
- Paid in Full
- Nov 30, 2020
Lender
Village Bank and Trust, National Association
234 W Northwest Hwy, Arlington Heights, IL 60004
Project Location
Cook County, IL
7(a)$1,000,000
Paid in Full
- Approved
- Aug 17, 2020 (FY2020)
- SBA Guaranteed
- $500,000 (50%)
- Term
- 84 months (7.0 yrs)
- Interest Rate
- 5.25%
- Revolver
- 1
- Jobs Supported
- 50
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Electronics Stores (NAICS 443142)
- Paid in Full
- Jun 30, 2023
Lender
Village Bank and Trust, National Association
234 W Northwest Hwy, Arlington Heights, IL 60004
Project Location
Cook County, IL
7(a)$3,000,000
Paid in Full
- Approved
- Oct 11, 2018 (FY2019)
- SBA Guaranteed
- $2,250,000 (75%)
- Term
- 12 months (1.0 yrs)
- Interest Rate
- 5.75%
- Revolver
- 1
- Jobs Supported
- 55
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Electronic Shopping (NAICS 454111)
- Paid in Full
- Oct 31, 2019
Lender
Village Bank and Trust, National Association
234 W Northwest Hwy, Arlington Heights, IL 60004
Project Location
Cook County, IL
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 443142 — Electronics Stores
- Address
- 7603 New Gross Point Rd
Skokie, IL 60077
Lender
- Village Bank and Trust, National Association
- 234 W Northwest Hwy, Arlington Heights, IL 60004