Lender intelligence
Financing a new car dealers acquisition in Illinois
The SBA 7(a) lenders funding the most new car dealers 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 new car dealers · Illinois
Ranked by funded new car dealers acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1,296 loans · $1.4B · Wilmington, NCFull record →
3+ funded New Car Dealers 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.
- Nissan of Galesburg, LLC in Galesburg, IL — $5.0M (2023) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 9.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.8M (75%)
- Approval → funding
- 35 days
- Approved
- 6/6/2023
- First disbursed
- 7/11/2023
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 33
- Business age
- Change of Ownership
- Industry
- New Car Dealers
If you were the buyer here
- Est. deal size
- $5.6M
- Est. down payment (10%)
- $556K
- Est. cash at closing
- $769K
- Monthly payment
- $42,819
- Annual debt service
- $514K
- Cash flow needed (1.25×)
- $642K
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 →
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- Dream Nissan Midwest, LLC in Wood River, IL — $5.0M (2022) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 6.75% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.8M (75%)
- Approval → funding
- 14 days
- Approved
- 9/19/2022
- First disbursed
- 10/3/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 95
- Business age
- Change of Ownership
- Industry
- New Car Dealers
If you were the buyer here
- Est. deal size
- $5.6M
- Est. down payment (10%)
- $556K
- Est. cash at closing
- $769K
- Monthly payment
- $34,546
- Annual debt service
- $415K
- Cash flow needed (1.25×)
- $518K
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
- PENNINGTON CHEVROLET BUICK OF SALEM LLC in Salem, IL — $2.4M (2022) · purchase · Midland States Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 180 mo (15 yrs)
- SBA guaranteed
- $1.8M (75%)
- Approval → funding
- 5 days
- Approved
- 8/25/2022
- First disbursed
- 8/30/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 19
- Business age
- Change of Ownership
- Industry
- New Car Dealers
If you were the buyer here
- Est. deal size
- $2.6M
- Est. down payment (10%)
- $263K
- Est. cash at closing
- $362K
- Monthly payment
- $19,627
- Annual debt service
- $236K
- 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 Midland States Bank · Lender record →
Your business? Claim this record · Request removal
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to new car dealers businesses with a Illinois project address.
Agent summary
How to finance a new car dealers 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. Live Oak Banking Company funds the most here. DealRoom is not a lender.
- $2.2M typical loan
- 2 lenders active in Illinois
- 3+ funded Illinois deals
- 14 days typical to fund
Buyers buying a new car dealers 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.