Lender intelligence
Financing a machine shops acquisition in Illinois
The SBA 7(a) lenders funding the most machine shops 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 machine shops · Illinois
Ranked by funded machine shops acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.47 loans · $39M · Greenville, PAFull record →
- 2.4 loans · $3M · Libertyville, ILFull record →
- 3.4 loans · $1M · Stonewall, OKFull record →
- 4.2,539 loans · $965M · Columbus, OHFull record →
- 5.36 loans · $51M · Carmel, INFull record →
- 6.2 loans · $1M · Antioch, ILFull record →
- 7.16 loans · $9M · Effingham, ILFull record →
19+ funded Machine Shops 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.
- NAVISTAR GLOBAL, LLC in Oak Lawn, IL — $3.3M (2025) · purchase · Merchants Bank of Indiana
- Program
- International Trade Loans
- Subprogram
- International Trade - Sec, 7(a
- Rate at approval
- 9.75% variable
- Term
- 168 mo (14 yrs)
- SBA guaranteed
- $2.9M (90%)
- Approval → funding
- 7 days
- Approved
- 5/21/2025
- First disbursed
- 5/28/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 23
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $3.6M
- Est. down payment (10%)
- $363K
- Est. cash at closing
- $501K
- Monthly payment
- $35,682
- Annual debt service
- $428K
- Cash flow needed (1.25×)
- $535K
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 Merchants Bank of Indiana · Lender record →
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- HALWIX ENTERPRISE, INC. in Wood Dale, IL — $2.8M (2025) · purchase · Libertyville Bank & Trust Company, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 6.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.1M (75%)
- Approval → funding
- 41 days
- Approved
- 2/18/2025
- First disbursed
- 3/31/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 23
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $3.1M
- Est. down payment (10%)
- $309K
- Est. cash at closing
- $427K
- Monthly payment
- $31,979
- Annual debt service
- $384K
- Cash flow needed (1.25×)
- $480K
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 Libertyville Bank & Trust Company, National Association · Lender record →
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- GMI METALWORKS LLC in Freeburg, IL — $2.5M (2025) · purchase · First American Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.68% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 9 days
- Approved
- 1/22/2025
- First disbursed
- 1/31/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 22
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $2.7M
- Est. down payment (10%)
- $272K
- Est. cash at closing
- $375K
- Monthly payment
- $29,313
- Annual debt service
- $352K
- Cash flow needed (1.25×)
- $440K
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 First American Bank · Lender record →
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- Marvel Machining Enterprises LLC in Bensenville, IL — $2.1M (2025) · purchase · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.6M (75%)
- Approval → funding
- 17 days
- Approved
- 12/23/2024
- First disbursed
- 1/9/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $2.3M
- Est. down payment (10%)
- $235K
- Est. cash at closing
- $323K
- Monthly payment
- $28,217
- Annual debt service
- $339K
- Cash flow needed (1.25×)
- $423K
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 The Huntington National Bank · Lender record →
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- HALWIX ENTERPRISE, INC. in Wood Dale, IL — $500K (2025) · purchase · Libertyville Bank & Trust Company, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7.5% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $250K (50%)
- Approval → funding
- 41 days
- Approved
- 2/18/2025
- First disbursed
- 3/31/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 23
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $556K
- Est. down payment (10%)
- $56K
- Est. cash at closing
- $74K
- Monthly payment
- $7,669
- Annual debt service
- $92K
- Cash flow needed (1.25×)
- $115K
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 Libertyville Bank & Trust Company, National Association · Lender record →
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- NAVISTAR GLOBAL, LLC in Oak Lawn, IL — $300K (2025) · purchase · Merchants Bank of Indiana
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $150K (50%)
- Approval → funding
- 8 days
- Approved
- 5/20/2025
- First disbursed
- 5/28/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 23
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $333K
- Est. down payment (10%)
- $33K
- Est. cash at closing
- $45K
- Monthly payment
- $3,923
- Annual debt service
- $47K
- Cash flow needed (1.25×)
- $59K
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 Merchants Bank of Indiana · Lender record →
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- GMI METALWORKS LLC in Freeburg, IL — $250K (2025) · purchase · First American Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $125K (50%)
- Approval → funding
- 138 days
- Approved
- 1/22/2025
- First disbursed
- 6/9/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 22
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $278K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $3,100
- Annual debt service
- $37K
- Cash flow needed (1.25×)
- $46K
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 First American Bank · Lender record →
Your business? Claim this record · Request removal
- Marvel Machining Enterprises LLC in Bensenville, IL — $175K (2025) · purchase · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $88K (50%)
- Approved
- 12/23/2024
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $194K
- Est. down payment (10%)
- $19K
- Est. cash at closing
- $26K
- Monthly payment
- $2,337
- Annual debt service
- $28K
- Cash flow needed (1.25×)
- $35K
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 The Huntington National Bank · Lender record →
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- CROWN MACHINE, INC. in Rockford, IL — $4.5M (2024) · purchase · Midland States Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $3.3M (75%)
- Approval → funding
- 13 days
- Approved
- 6/15/2024
- First disbursed
- 6/28/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 23
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $5.0M
- Est. down payment (10%)
- $496K
- Est. cash at closing
- $685K
- Monthly payment
- $58,939
- Annual debt service
- $707K
- Cash flow needed (1.25×)
- $884K
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 Midland States Bank · Lender record →
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- Saliba Industries Holdings LLC in Waukegan, IL — $1.7M (2024) · purchase · First National Bank of Pennsylvania
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.3M (75%)
- Approval → funding
- 38 days
- Approved
- 12/9/2023
- First disbursed
- 1/16/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $1.9M
- Est. down payment (10%)
- $189K
- Est. cash at closing
- $260K
- Monthly payment
- $22,231
- Annual debt service
- $267K
- Cash flow needed (1.25×)
- $333K
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 First National Bank of Pennsylvania · Lender record →
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- JJT HOLDINGS, LLC in Schaumburg, IL — $1.6M (2024) · purchase · State Bank of the Lakes, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 8% fixed
- Term
- 192 mo (16 yrs)
- SBA guaranteed
- $1.2M (75%)
- Approval → funding
- 33 days
- Approved
- 9/27/2024
- First disbursed
- 10/30/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $1.8M
- Est. down payment (10%)
- $181K
- Est. cash at closing
- $248K
- Monthly payment
- $15,038
- Annual debt service
- $180K
- Cash flow needed (1.25×)
- $226K
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 State Bank of the Lakes, National Association · Lender record →
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- Saliba Industries Holdings LLC in Waukegan, IL — $250K (2024) · purchase · First National Bank of Pennsylvania
- Program
- Preferred Lenders Program
- Rate at approval
- 9.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $125K (50%)
- Approved
- 12/9/2023
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $278K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $3,269
- Annual debt service
- $39K
- Cash flow needed (1.25×)
- $49K
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 First National Bank of Pennsylvania · Lender record →
Your business? Claim this record · Request removal
- Saliba Industries Holdings LLC in Waukegan, IL — $250K (2024) · purchase · First National Bank of Pennsylvania
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $125K (50%)
- Approval → funding
- 38 days
- Approved
- 12/9/2023
- First disbursed
- 1/16/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $278K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $3,269
- Annual debt service
- $39K
- Cash flow needed (1.25×)
- $49K
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 First National Bank of Pennsylvania · Lender record →
Your business? Claim this record · Request removal
- QTM HOLDINGS, LLC in Schaumburg, IL — $5.0M (2022) · purchase · Byline Bank
- Program
- International Trade Loans
- Subprogram
- International Trade - Sec, 7(a
- Rate at approval
- 7.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $4.5M (90%)
- Approval → funding
- 16 days
- Approved
- 7/13/2022
- First disbursed
- 7/29/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 19
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $5.6M
- Est. down payment (10%)
- $556K
- Est. cash at closing
- $769K
- Monthly payment
- $58,701
- Annual debt service
- $704K
- Cash flow needed (1.25×)
- $881K
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
- Excel Machine Technology, Inc. in Elk Grove Village, IL — $2.7M (2022) · purchase · Byline Bank
- Program
- International Trade Loans
- Subprogram
- International Trade - Sec, 7(a
- Rate at approval
- 8% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $2.4M (90%)
- Approval → funding
- 5 days
- Approved
- 9/14/2022
- First disbursed
- 9/19/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 4
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $3.0M
- Est. down payment (10%)
- $300K
- Est. cash at closing
- $414K
- Monthly payment
- $32,758
- Annual debt service
- $393K
- Cash flow needed (1.25×)
- $491K
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
- GC Machining Solutions Corp. in Wood Dale, IL — $2.0M (2022) · purchase · Byline Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.5M (75%)
- Approval → funding
- 16 days
- Approved
- 6/21/2022
- First disbursed
- 7/7/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $2.2M
- Est. down payment (10%)
- $219K
- Est. cash at closing
- $301K
- Monthly payment
- $22,620
- Annual debt service
- $271K
- Cash flow needed (1.25×)
- $339K
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
- GLSI Holdings Inc. in Ringwood, IL — $1.4M (2022) · purchase · CenTrust Bank, A Division of SmartBiz Bank National Association
- Program
- 7a General
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approved
- 1/10/2022
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 13
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $1.6M
- Est. down payment (10%)
- $158K
- Est. cash at closing
- $217K
- Monthly payment
- $15,772
- Annual debt service
- $189K
- Cash flow needed (1.25×)
- $237K
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 →
Your business? Claim this record · Request removal
- Galactic Tool of Rockford Corporation in Rockford, IL — $818K (2022) · purchase · U.S. Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.57% fixed
- Term
- 180 mo (15 yrs)
- SBA guaranteed
- $614K (75%)
- Approved
- 1/10/2022
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $909K
- Est. down payment (10%)
- $91K
- Est. cash at closing
- $125K
- Monthly payment
- $6,714
- Annual debt service
- $81K
- Cash flow needed (1.25×)
- $101K
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 U.S. Bank, National Association · Lender record →
Your business? Claim this record · Request removal
- Galactic Tool of Rockford Corporation in Rockford, IL — $50K (2022) · purchase · U.S. Bank, National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6.25% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $25K (50%)
- Approval → funding
- 21 days
- Approved
- 1/10/2022
- First disbursed
- 1/31/2022
- Loan status
- Paid in full (3/31/2025)
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Machine Shops
If you were the buyer here
- Est. deal size
- $56K
- Est. down payment (10%)
- $6K
- Est. cash at closing
- $7K
- Monthly payment
- $736
- Annual debt service
- $9K
- Cash flow needed (1.25×)
- $11K
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 U.S. Bank, National Association · Lender record →
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Financing a machine shops deal in Illinois? Start with the right lender
We'll point you to the SBA lenders already funding your industry in your state — and help you make them compete on rate and speed.
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to machine shops businesses with a Illinois project address.
Agent summary
How to finance a machine shops 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. First National Bank of Pennsylvania funds the most here. DealRoom is not a lender.
- $1.1M typical loan
- 10 lenders active in Illinois
- 19+ funded Illinois deals
- 17 days typical to fund
Buyers buying a machine shops 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.