Lender intelligence
Financing a beauty salons acquisition in Illinois
The SBA 7(a) lenders funding the most beauty salons acquisitions in Illinois, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in beauty salons · Illinois
Ranked by funded beauty salons acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.66 loans · $68M · Milford, IAFull record →
- 2.13 loans · $12M · Chicago, ILFull record →
- 3.1 loans · $0M · Springfield, ILFull record →
- 4.242 loans · $281M · Chicago, ILFull record →
- 5.20 loans · $8M · Saint Petersburg, FLFull record →
- 6.2 loans · $1M · Park Ridge, ILFull record →
12+ funded Beauty Salons 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.
- Winnetka GG, LLC in Winnetka, IL — $1.6M (2026) · purchase · Wintrust Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 7.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.2M (75%)
- Approved
- 12/18/2025
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 60
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $1.8M
- Est. down payment (10%)
- $183K
- Est. cash at closing
- $252K
- Monthly payment
- $19,586
- Annual debt service
- $235K
- Cash flow needed (1.25×)
- $294K
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 Wintrust Bank National Association · Lender record →
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- ROBINSON BEAUTY COMPANY LLC in Springfield, IL — $77K (2026) · purchase · Security Bank, S.B.
- Program
- 7a General
- Rate at approval
- 7.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $65K (85%)
- Approved
- 12/3/2025
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 14
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $86K
- Est. down payment (10%)
- $9K
- Est. cash at closing
- $11K
- Monthly payment
- $904
- Annual debt service
- $11K
- Cash flow needed (1.25×)
- $14K
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 Security Bank, S.B. · Lender record →
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- BJ Grand Salons, LLC in Springfield, IL — $1.4M (2024) · purchase · United Community Bank
- Program
- 7a General
- Rate at approval
- 7% fixed
- Term
- 180 mo (15 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 45 days
- Approved
- 10/14/2023
- First disbursed
- 11/28/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 141
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $1.6M
- Est. down payment (10%)
- $159K
- Est. cash at closing
- $218K
- Monthly payment
- $12,876
- Annual debt service
- $155K
- Cash flow needed (1.25×)
- $193K
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 United Community Bank · Lender record →
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- THE STYLING SUITE INC. in Naperville, IL — $740K (2024) · purchase · Byline Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $555K (75%)
- Approval → funding
- 38 days
- Approved
- 12/19/2023
- First disbursed
- 1/26/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $822K
- Est. down payment (10%)
- $82K
- Est. cash at closing
- $113K
- Monthly payment
- $10,299
- Annual debt service
- $124K
- Cash flow needed (1.25×)
- $154K
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 Byline Bank · Lender record →
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- BJ Grand Salons, LLC in Springfield, IL — $300K (2024) · purchase · United Community Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.5% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $150K (50%)
- Approval → funding
- 14 days
- Approved
- 12/22/2023
- First disbursed
- 1/5/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 140
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $333K
- Est. down payment (10%)
- $33K
- Est. cash at closing
- $45K
- Monthly payment
- $4,751
- Annual debt service
- $57K
- Cash flow needed (1.25×)
- $71K
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 United Community Bank · Lender record →
Your business? Claim this record · Request removal
- Blow Bar - Barrington LLC in South Barrington, IL — $144K (2024) · purchase · BayFirst National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 11.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $122K (85%)
- Approval → funding
- 11 days
- Approved
- 9/5/2024
- First disbursed
- 9/16/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $160K
- Est. down payment (10%)
- $16K
- Est. cash at closing
- $21K
- Monthly payment
- $2,025
- Annual debt service
- $24K
- Cash flow needed (1.25×)
- $30K
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 BayFirst National Bank · Lender record →
Your business? Claim this record · Request removal
- JDR WELLNESS AND APPAREL LLC in Chicago, IL — $248K (2023) · purchase · Newtek Small Business Finance, Inc.
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 104 months
- SBA guaranteed
- $186K (75%)
- Approval → funding
- 15 days
- Approved
- 12/21/2022
- First disbursed
- 1/5/2023
- Loan status
- In workout — SBA bought the guarantee
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 19
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $275K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $3,567
- Annual debt service
- $43K
- Cash flow needed (1.25×)
- $54K
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 Newtek Small Business Finance, Inc.
Your business? Claim this record · Request removal
- Erdman of Des Plaines, Inc. in Des Plaines, IL — $82K (2023) · purchase · Time Bank
- Program
- 7a General
- Rate at approval
- 10.49% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $70K (85%)
- Approval → funding
- 25 days
- Approved
- 1/6/2023
- First disbursed
- 1/31/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 9
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $92K
- Est. down payment (10%)
- $9K
- Est. cash at closing
- $12K
- Monthly payment
- $1,111
- Annual debt service
- $13K
- Cash flow needed (1.25×)
- $17K
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 Time Bank · Lender record →
Your business? Claim this record · Request removal
- HAIRCUTS FOR MEN 2, LLC in Tinley Park, IL — $884K (2021) · purchase · LendingClub Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 117 months
- SBA guaranteed
- $663K (75%)
- Approval → funding
- 20 days
- Approved
- 12/11/2020
- First disbursed
- 12/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 25
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $982K
- Est. down payment (10%)
- $98K
- Est. cash at closing
- $135K
- Monthly payment
- $9,773
- Annual debt service
- $117K
- Cash flow needed (1.25×)
- $147K
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 LendingClub Bank, National Association · 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
- COLOUR LINE INC in Geneva, IL — $266K (2020) · purchase · JPMorgan Chase Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 6% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $200K (75%)
- Approval → funding
- 17 days
- Approved
- 2/12/2020
- First disbursed
- 2/29/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 21
- Business age
- Change of Ownership
- Industry
- Beauty Salons
If you were the buyer here
- Est. deal size
- $296K
- Est. down payment (10%)
- $30K
- Est. cash at closing
- $40K
- Monthly payment
- $2,953
- Annual debt service
- $35K
- Cash flow needed (1.25×)
- $44K
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 JPMorgan Chase Bank, National Association · Lender record →
Your business? Claim this record · Request removal
Financing a beauty salons deal in Illinois? Start with the right lender
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to beauty salons businesses with a Illinois project address.
Agent summary
How to finance a beauty salons acquisition in Illinois with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Illinois deals. United Community Bank funds the most here. DealRoom is not a lender.
- $250K typical loan
- 10 lenders active in Illinois
- 12+ funded Illinois deals
- 20 days typical to fund
Buyers buying a beauty salons in Illinois typically pre-qualify, then ask DealRoom to introduce a lender active 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.