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General Automotive Repair: SBA acquisition loans in Illinois
26 SBA-financed business acquisitions in Illinois classified as General Automotive Repair, FY2024–FY2026. Median loan $809K. See which lenders did them.
- Acquisitions financed
- 26
- Total approved
- $26.9M
- Median loan
- $809K
- Middle half of loans
- $650K to $1.4M
- Median starting rate
- 9.00%
- Median term
- 14 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 11 | 42% | $725K | $10.1M |
| 2 | The Huntington National Bank | 4 | 15% | $755K | $3.1M |
| 3 | Citizens Bank | 3 | 12% | $877K | $3.1M |
| 4 | Barrington Bank & Trust Company, National Association | 2 | 8% | $2.5M | $5.0M |
| 5 | The Fidelity Bank | 1 | 4% | $1.7M | $1.7M |
| 6 | Wheaton Bank & Trust Company, National Association | 1 | 4% | $1.4M | $1.4M |
| 7 | SouthState Bank, National Association | 1 | 4% | $867K | $867K |
| 8 | First Internet Bank of Indiana | 1 | 4% | $700K | $700K |
| 9 | VelocitySBA, LLC | 1 | 4% | $432K | $432K |
| 10 | Newtek Bank, National Association | 1 | 4% | $420K | $420K |
For comparison, the same industry nationwide: 485 loans, median $686K, median starting rate 9.50%. See General Automotive Repair 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.