Beauty & Personal Care · lender intelligence
How to finance a Great Clips in Illinois
The SBA 7(a) lenders funding the most Great Clips deals in Illinois, from public loan records — typical Great Clips loan about $300K. A bank already funding the brand in your state knows it twice over.
Most active with Great Clips in Illinois
Ranked by funded Great Clips loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.66 loans · $68M · Milford, IAFull record →
- 2.1,296 loans · $1.4B · Wilmington, NCFull record →
4+ funded Great Clips in Illinois deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Red Sky at Night Inc in Lake Zurich, IL — $3.5M (2020) · United Community Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.6M (75%)
- Approval → funding
- 21 days
- Approved
- 9/9/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (1/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 91
- Business age
- Existing or more than 2 years old
- Industry
- Beauty Salons
Funded by United Community Bank · Lender record →
Your business? Claim this record · Request removal
- Riverside Capital LLC in Lockport, IL — $2.4M (2020) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.4% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 3 days
- Approved
- 11/5/2019
- First disbursed
- 11/8/2019
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 40
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $2.7M
- Est. down payment (10%)
- $270K
- Est. cash at closing
- $372K
- Monthly payment
- $26,252
- Annual debt service
- $315K
- Cash flow needed (1.25×)
- $394K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- Riverside Capital LLC in Lockport, IL — $350K (2020) · purchase · Live Oak Banking Company
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.15% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $175K (50%)
- Approval → funding
- 148 days
- Approved
- 11/5/2019
- First disbursed
- 4/1/2020
- Loan status
- Paid in full (1/31/2025)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 40
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $389K
- Est. down payment (10%)
- $39K
- Est. cash at closing
- $52K
- Monthly payment
- $3,738
- Annual debt service
- $45K
- Cash flow needed (1.25×)
- $56K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- Red Sky at Night Inc in Lake Zurich, IL — $100K (2020) · United Community Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $50K (50%)
- Approved
- 9/9/2020
- Loan status
- Cancelled
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 91
- Business age
- Existing or more than 2 years old
- Industry
- Beauty Salons
Funded by United Community Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Great Clips in Illinois? Start with a lender that funds them here
We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.
Free · No documents · Usually same-day
DealRoom analysis of public SBA 7(a) lending records; ranked by funded Great Clips loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Great Clips purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. United Community Bank funds the most here. DealRoom is not a lender.
- $300K typical Great Clips loan
- 2 lenders active in Illinois
- 4+ funded Illinois deals
- 21 days typical to fund
Buyers buying a Great Clips in Illinois typically pre-qualify, then ask DealRoom to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.