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Limited-Service Restaurants: SBA acquisition loans in Illinois
34 SBA-financed business acquisitions in Illinois classified as Limited-Service Restaurants, FY2024–FY2026. Median loan $496K. See which lenders did them.
- Acquisitions financed
- 34
- Total approved
- $33.6M
- Median loan
- $496K
- Middle half of loans
- $265K to $1.4M
- Median starting rate
- 10.00%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | 21% | $471K | $5.9M |
| 2 | Byline Bank | 5 | 15% | $1.9M | $10.8M |
| 3 | Live Oak Banking Company | 5 | 15% | $500K | $7.7M |
| 4 | Centerstone SBA Lending, Inc. | 3 | 9% | $291K | $904K |
| 5 | Village Bank and Trust, National Association | 2 | 6% | $676K | $1.4M |
| 6 | Beacon Bank and Trust | 1 | 3% | $2.9M | $2.9M |
| 7 | CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | 3% | $867K | $867K |
| 8 | Pan American Bank & Trust | 1 | 3% | $600K | $600K |
| 9 | VelocitySBA, LLC | 1 | 3% | $557K | $557K |
| 10 | Midwest BankCentre | 1 | 3% | $491K | $491K |
| 11 | Midland States Bank | 1 | 3% | $314K | $314K |
| 12 | Elevate Bank National Association | 1 | 3% | $295K | $295K |
| 13 | HOMEBANK | 1 | 3% | $233K | $233K |
| 14 | American Bank of Freedom | 1 | 3% | $228K | $228K |
| 15 | The Fidelity Bank | 1 | 3% | $225K | $225K |
For comparison, the same industry nationwide: 826 loans, median $414K, median starting rate 9.50%. See Limited-Service Restaurants 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.