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Car Washes: SBA acquisition loans in Illinois
9 SBA-financed business acquisitions in Illinois classified as Car Washes, FY2024–FY2026. Median loan $581K. See which lenders did them.
- Acquisitions financed
- 9
- Total approved
- $8.7M
- Median loan
- $581K
- Middle half of loans
- $534K to $743K
- Median starting rate
- 8.75%
- Median term
- 25 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 9 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 | The Huntington National Bank | 3 | 33% | $534K | $1.1M |
| 2 | Byline Bank | 2 | 22% | $1.4M | $2.7M |
| 3 | US Metro Bank | 1 | 11% | $3.0M | $3.0M |
| 4 | Southwestern National Bank | 1 | 11% | $743K | $743K |
| 5 | Open Bank | 1 | 11% | $581K | $581K |
| 6 | Sterling Federal Bank, F.S.B. | 1 | 11% | $500K | $500K |
For comparison, the same industry nationwide: 126 loans, median $1.1M, median starting rate 9.00%. See Car Washes 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.