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Machine Shops: SBA acquisition loans in Illinois
13 SBA-financed business acquisitions in Illinois classified as Machine Shops, FY2024–FY2026. Median loan $1.6M. See which lenders did them.
- Acquisitions financed
- 13
- Total approved
- $20.1M
- Median loan
- $1.6M
- Middle half of loans
- $250K to $2.5M
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | First National Bank of Pennsylvania | 3 | 23% | $250K | $2.2M |
| 2 | Merchants Bank of Indiana | 2 | 15% | $1.8M | $3.6M |
| 3 | Libertyville Bank & Trust Company, National Association | 2 | 15% | $1.6M | $3.3M |
| 4 | First American Bank | 2 | 15% | $1.4M | $2.7M |
| 5 | The Huntington National Bank | 2 | 15% | $1.1M | $2.3M |
| 6 | Midland States Bank | 1 | 8% | $4.5M | $4.5M |
| 7 | State Bank of the Lakes, National Association | 1 | 8% | $1.6M | $1.6M |
For comparison, the same industry nationwide: 113 loans, median $1.2M, median starting rate 9.25%. See Machine Shops 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.