SBA lending record
High Power Source Inc.
722 East St, Morris, IL 60450 · Battery Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$100K
Total SBA financing
1
Loan on record
FY2024
On record
5
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is High Power Source Inc. your business?
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The loan
$100,000 — FY2024
- Gross approval
- $100,000
- SBA guaranteed
- $85,000 (85%)
- Status
- Current
- Rate at approval
- 11.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/9/2023
- First disbursement
- 12/22/2023
- Days to fund
- 13 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 5
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Battery Manufacturing
- NAICS code
- 335910
- Address
- 722 East St
- City
- Morris, 60450
- County
- Grundy
- SBA district office
- ILLINOIS DISTRICT OFFICE
- Congressional district
- 14
The lender
Newtek Bank, National Association
1 loan to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding battery manufacturing — by location, industry.
Similar businesses
Comparable battery manufacturing in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Macomb Battery Service, LLC
Chesterfield, MI· ~301 mi
Battery Manufacturing
- $75K
- SBA financing
- ≈ $147K–$245K
- Est. revenue (rough)
B&M SOLAR KITS LLC
Middlefield, OH· ~380 mi
Battery Manufacturing
- $58K
- SBA financing
- ≈ $114K–$190K
- Est. revenue (rough)
KM Power Enterprises, LLC
El Cajon, CA· ~1671 mi
Batteries Plus
- $248K
- SBA financing
- ≈ $486K–$810K
- Est. revenue (rough)
Empire Batteries
Bell, CA· ~1697 mi
Battery Manufacturing
- $31K
- SBA financing
- ≈ $60K–$100K
- Est. revenue (rough)
BATTERIES PLUS BROUSSARD
Broussard, LA· ~800 mi
Batteries Plus
- $340K
- SBA financing
- ≈ $667K–$1.1M
- Est. revenue (rough)
Skylars LLC
Piqua, OH· ~232 mi
Battery Manufacturing
- $1.9M
- SBA financing
- ≈ $3.8M–$6.4M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for High Power Source Inc. in Morris, IL (Battery Manufacturing). 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 $100K
- On record FY2024
- 5 jobs supported
- Industry: Battery Manufacturing
- Location: Morris, IL
- Lender: Newtek Bank, National Association
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Battery Manufacturing businesses in IL for ~$100k 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 High Power Source Inc..