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Child Care Services: SBA acquisition loans in Illinois
18 SBA-financed business acquisitions in Illinois classified as Child Care Services, FY2024–FY2026. Median loan $575K. See which lenders did them.
- Acquisitions financed
- 18
- Total approved
- $15.2M
- Median loan
- $575K
- Middle half of loans
- $299K to $1.1M
- Median starting rate
- 9.38%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 2 | 11% | $1.7M | $3.3M |
| 2 | BayFirst National Bank | 2 | 11% | $1.4M | $2.9M |
| 3 | Banesco USA | 2 | 11% | $1.3M | $2.6M |
| 4 | Old National Bank | 2 | 11% | $661K | $1.3M |
| 5 | The Huntington National Bank | 2 | 11% | $627K | $1.3M |
| 6 | Bank of Springfield | 2 | 11% | $435K | $870K |
| 7 | Busey Bank | 1 | 6% | $881K | $881K |
| 8 | Northwest Bank | 1 | 6% | $662K | $662K |
| 9 | Oconee State Bank | 1 | 6% | $405K | $405K |
| 10 | Mechanics and Farmers Bank | 1 | 6% | $375K | $375K |
| 11 | Peoples National Bank National Association | 1 | 6% | $325K | $325K |
| 12 | Byline Bank | 1 | 6% | $290K | $290K |
For comparison, the same industry nationwide: 357 loans, median $774K, median starting rate 9.25%. See Child Care Services 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.