Lender intelligence
Financing a masonry contractors acquisition in Illinois
The SBA 7(a) lenders funding the most masonry contractors 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 masonry contractors · Illinois
Ranked by funded masonry contractors acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.2 loans · $1M · Antioch, ILFull record →
4+ funded Masonry Contractors 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.
- Rasco Mason Contractors, Inc. in Grayslake, IL — $990K (2024) · purchase · State Bank of the Lakes, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 7.69% fixed
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $743K (75%)
- Approval → funding
- 16 days
- Approved
- 8/21/2024
- First disbursed
- 9/6/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 45
- Business age
- Change of Ownership
- Industry
- Masonry Contractors
If you were the buyer here
- Est. deal size
- $1.1M
- Est. down payment (10%)
- $110K
- Est. cash at closing
- $151K
- Monthly payment
- $15,278
- Annual debt service
- $183K
- Cash flow needed (1.25×)
- $229K
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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- Rasco Mason Contractors, Inc. in Grayslake, IL — $900K (2024) · purchase · State Bank of the Lakes, National Association
- Program
- Standard Asset Base Working Capital Line
- Subprogram
- Standard Asset Based
- Rate at approval
- 10% variable
- Term
- 24 mo (2 yrs)
- SBA guaranteed
- $675K (75%)
- Approval → funding
- 15 days
- Approved
- 8/22/2024
- First disbursed
- 9/6/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 45
- Business age
- Change of Ownership
- Industry
- Masonry Contractors
If you were the buyer here
- Est. deal size
- $1.0M
- Est. down payment (10%)
- $100K
- Est. cash at closing
- $137K
- Monthly payment
- $41,530
- Annual debt service
- $498K
- Cash flow needed (1.25×)
- $623K
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 →
Your business? Claim this record · Request removal
- Harling, Inc. in Westchester, IL — $1.1M (2020) · purchase · Byline Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 61 months
- SBA guaranteed
- $788K (75%)
- Approval → funding
- 28 days
- Approved
- 4/2/2020
- First disbursed
- 4/30/2020
- 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
- 3
- Business age
- Change of Ownership
- Industry
- Masonry Contractors
If you were the buyer here
- Est. deal size
- $1.2M
- Est. down payment (10%)
- $117K
- Est. cash at closing
- $160K
- Monthly payment
- $20,014
- Annual debt service
- $240K
- Cash flow needed (1.25×)
- $300K
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
- Harling, Inc. in Westchester, IL — $250K (2020) · purchase · Byline Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $125K (50%)
- Approved
- 4/2/2020
- Loan status
- Cancelled
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Change of Ownership
- Industry
- Masonry Contractors
If you were the buyer here
- Est. deal size
- $278K
- Est. down payment (10%)
- $28K
- Est. cash at closing
- $37K
- Monthly payment
- $2,776
- Annual debt service
- $33K
- Cash flow needed (1.25×)
- $42K
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
Financing a masonry contractors 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 masonry contractors businesses with a Illinois project address.
Agent summary
How to finance a masonry contractors 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. State Bank of the Lakes, National Association funds the most here. DealRoom is not a lender.
- $334K typical loan
- 2 lenders active in Illinois
- 4+ funded Illinois deals
- 16 days typical to fund
Buyers buying a masonry contractors 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: