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Beauty Salons: SBA acquisition loans in Illinois
7 SBA-financed business acquisitions in Illinois classified as Beauty Salons, FY2024–FY2026. Median loan $360K. See which lenders did them.
- Acquisitions financed
- 7
- Total approved
- $4.7M
- Median loan
- $360K
- Middle half of loans
- $222K to $1.1M
- Median starting rate
- 8.50%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 7 recorded approvals in FY2024–FY2026. For a broader comparison, open the Illinois state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | United Community Bank | 2 | 29% | $866K | $1.7M |
| 2 | Wintrust Bank National Association | 1 | 14% | $1.6M | $1.6M |
| 3 | Byline Bank | 1 | 14% | $740K | $740K |
| 4 | Fifth Third Bank | 1 | 14% | $360K | $360K |
| 5 | BayFirst National Bank | 1 | 14% | $144K | $144K |
| 6 | Security Bank, S.B. | 1 | 14% | $77K | $77K |
For comparison, the same industry nationwide: 142 loans, median $312K, median starting rate 9.75%. See Beauty Salons in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.