Lender intelligence
Financing a industrial machinery and equipment merchant wholesalers acquisition in Illinois
The SBA 7(a) lenders funding the most industrial machinery and equipment merchant wholesalers 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 industrial machinery and equipment merchant wholesalers · Illinois
Ranked by funded industrial machinery and equipment merchant wholesalers acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.741 loans · $149M · Northbrook, ILFull record →
- 2.242 loans · $281M · Chicago, ILFull record →
4+ funded Industrial Machinery and Equipment Merchant Wholesalers 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.
- A & A Equipment and Supply Co. in Bensenville, IL — $550K (2025) · purchase · CenTrust Bank, A Division of SmartBiz Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 11% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $413K (75%)
- Approval → funding
- 28 days
- Approved
- 11/12/2024
- First disbursed
- 12/10/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Industrial Machinery and Equipment Merchant Wholesalers
If you were the buyer here
- Est. deal size
- $611K
- Est. down payment (10%)
- $61K
- Est. cash at closing
- $82K
- Monthly payment
- $7,576
- Annual debt service
- $91K
- Cash flow needed (1.25×)
- $114K
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 CenTrust Bank, A Division of SmartBiz Bank National Association · Lender record →
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- LUXE BUSINESS PARTNERS, INC. in Des Plaines, IL — $588K (2023) · purchase · Byline Bank
- Program
- International Trade Loans
- Subprogram
- International Trade - Sec, 7(a
- Rate at approval
- 10.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $529K (90%)
- Approval → funding
- 18 days
- Approved
- 5/22/2023
- First disbursed
- 6/9/2023
- 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
- 20
- Business age
- Change of Ownership
- Industry
- Industrial Machinery and Equipment Merchant Wholesalers
If you were the buyer here
- Est. deal size
- $653K
- Est. down payment (10%)
- $65K
- Est. cash at closing
- $87K
- Monthly payment
- $7,927
- Annual debt service
- $95K
- Cash flow needed (1.25×)
- $119K
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 →
Your business? Claim this record · Request removal
- Frank H. Gill Company in Lansing, IL — $499K (2022) · purchase · Byline Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.25% variable
- Term
- 180 mo (15 yrs)
- SBA guaranteed
- $374K (75%)
- Approval → funding
- 1 days
- Approved
- 8/30/2022
- First disbursed
- 8/31/2022
- Loan status
- Paid in full (6/30/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Industrial Machinery and Equipment Merchant Wholesalers
If you were the buyer here
- Est. deal size
- $554K
- Est. down payment (10%)
- $55K
- Est. cash at closing
- $74K
- Monthly payment
- $4,841
- Annual debt service
- $58K
- Cash flow needed (1.25×)
- $73K
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 →
Your business? Claim this record · Request removal
- Sarpsborg LLC in Itasca, IL — $505K (2020) · purchase · BMO Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $379K (75%)
- Approval → funding
- 39 days
- Approved
- 4/22/2020
- First disbursed
- 5/31/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Industrial Machinery and Equipment Merchant Wholesalers
If you were the buyer here
- Est. deal size
- $561K
- Est. down payment (10%)
- $56K
- Est. cash at closing
- $75K
- Monthly payment
- $5,541
- Annual debt service
- $66K
- Cash flow needed (1.25×)
- $83K
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 BMO Bank National Association · Lender record →
Your business? Claim this record · Request removal
Financing a industrial machinery and equipment merchant wholesalers 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 industrial machinery and equipment merchant wholesalers businesses with a Illinois project address.
Agent summary
How to finance a industrial machinery and equipment merchant wholesalers 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. CenTrust Bank, A Division of SmartBiz Bank National Association funds the most here. DealRoom is not a lender.
- $1.0M typical loan
- 3 lenders active in Illinois
- 4+ funded Illinois deals
- 28 days typical to fund
Buyers buying a industrial machinery and equipment merchant wholesalers 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.
Next steps
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.