SBA lending record
I Rise Educational Center, LLC
8620 S Racine Ave, Chicago, IL 60620 · Elementary and Secondary Schools. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$525K
Total SBA financing
3
Loans on record
FY2022–23
On record
52
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 3 loans
$350,000 — FY2023
Loan 1 of 3- Gross approval
- $350,000
- SBA guaranteed
- $262,500 (75%)
- Status
- Cancelled
- Rate at approval
- 9.75% v
- Term
- 300 mo (25 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/15/2022
- Collateral
- Required
- Jobs supported
- 12
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
The lenders
The Huntington National Bank
2 loans to this businessFull SBA lending record + branches on the lender page →SNB Bank, National Association
1 loan to this businessAgent summary
This page summarizes the public SBA 7(a) lending record for I Rise Educational Center, LLC in Chicago, IL (Elementary and Secondary Schools). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 3 SBA 7(a) loans totaling $525K
- On record FY2022–23
- 52 jobs supported
- Industry: Elementary and Secondary Schools
- Location: Chicago, IL
- Lenders: The Huntington National Bank, SNB Bank, National Association
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
Is I Rise Educational Center, LLC your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with I Rise Educational Center, LLC.