SBA lending record
Cemi XI Inc.
2355 South St, Elgin, IL 60123 · General Freight Trucking, Long-Distance, Truckload. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$115K
Total SBA financing
1
Loan on record
FY2022
On record
9
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$115,000 — FY2022
- Gross approval
- $115,000
- SBA guaranteed
- $97,750 (85%)
- Status
- Charged off (failed)
- Rate at approval
- 8.25% v
- Term
- 100 mo (8 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 8/19/2022
- First disbursement
- 9/8/2022
- Days to fund
- 20 days
- Charged off
- 11/21/2024
- Charge-off amount
- $106,552
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 9
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- General Freight Trucking, Long-Distance, Truckload
- NAICS code
- 484121
- Lender
- Readycap Lending, LLC
- Address
- 2355 South St
- City
- Elgin, 60123
- County
- Kane
- SBA district office
- ILLINOIS DISTRICT OFFICE
- Congressional district
- 6
The lender
Find SBA lenders for businesses like this
The banks most active funding general freight trucking, long-distance, truckload — by location, industry.
Similar businesses
Comparable general freight trucking, long-distance, truckload in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Umbrella Express Inc
South Elgin, IL· ~2 mi
General Freight Trucking, Long-Distance, Truckload
- $173K
- SBA financing
- ≈ $338K–$564K
- Est. revenue (rough)
UA LEASING, LLC
Saint Charles, IL· ~5 mi
General Freight Trucking, Long-Distance, Truckload
- $110K
- SBA financing
- ≈ $216K–$359K
- Est. revenue (rough)
AMERICAN ALLIANCE EXPRESS, INC.
Carpentersville, IL· ~7 mi
General Freight Trucking, Long-Distance, Truckload
- $90K
- SBA financing
- ≈ $176K–$294K
- Est. revenue (rough)
SAPAT CARGO INC.
Streamwood, IL· ~7 mi
General Freight Trucking, Long-Distance, Truckload
- $90K
- SBA financing
- ≈ $176K–$294K
- Est. revenue (rough)
DSK Express Inc.
Lake In The Hills, IL· ~10 mi
General Freight Trucking, Long-Distance, Truckload
- $119K
- SBA financing
- ≈ $233K–$389K
- Est. revenue (rough)
ED SHANDS LLC
Wayne, IL· ~9 mi
General Freight Trucking, Long-Distance, Truckload
- $100K
- SBA financing
- ≈ $196K–$327K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Cemi XI Inc. in Elgin, IL (General Freight Trucking, Long-Distance, Truckload). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $115K
- On record FY2022
- 9 jobs supported
- Industry: General Freight Trucking, Long-Distance, Truckload
- Location: Elgin, IL
- Lender: Readycap Lending, LLC
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with General Freight Trucking, Long-Distance, Truckload businesses in IL for ~$115k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Cemi XI Inc..