Lender intelligence
Financing a precision turned product manufacturing acquisition in Illinois
The SBA 7(a) lenders funding the most precision turned product manufacturing 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 precision turned product manufacturing · Illinois
Ranked by funded precision turned product manufacturing acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.16 loans · $9M · Effingham, ILFull record →
6+ funded Precision Turned Product Manufacturing 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.
- EVER READY GRINDING & PIN MANUFACTURING LLC in Rockford, IL — $4.0M (2024) · purchase · Midland States Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 168 mo (14 yrs)
- SBA guaranteed
- $3.0M (75%)
- Approval → funding
- 27 days
- Approved
- 2/17/2024
- First disbursed
- 3/15/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 90
- Business age
- Change of Ownership
- Industry
- Precision Turned Product Manufacturing
If you were the buyer here
- Est. deal size
- $4.5M
- Est. down payment (10%)
- $449K
- Est. cash at closing
- $621K
- Monthly payment
- $44,771
- Annual debt service
- $537K
- Cash flow needed (1.25×)
- $672K
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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- EVER READY GRINDING & PIN MANUFACTURING LLC in Rockford, IL — $500K (2024) · purchase · Midland States Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $250K (50%)
- Approval → funding
- 29 days
- Approved
- 2/15/2024
- First disbursed
- 3/15/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 90
- Business age
- Change of Ownership
- Industry
- Precision Turned Product Manufacturing
If you were the buyer here
- Est. deal size
- $556K
- Est. down payment (10%)
- $56K
- Est. cash at closing
- $74K
- Monthly payment
- $6,608
- Annual debt service
- $79K
- Cash flow needed (1.25×)
- $99K
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
- Precision Waterjet & Laser LLC in Crystal Lake, IL — $3.3M (2022) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.25% fixed
- Term
- 177 months
- SBA guaranteed
- $2.5M (75%)
- Approval → funding
- 17 days
- Approved
- 8/23/2022
- First disbursed
- 9/9/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 18
- Business age
- Change of Ownership
- Industry
- Precision Turned Product Manufacturing
If you were the buyer here
- Est. deal size
- $3.7M
- Est. down payment (10%)
- $366K
- Est. cash at closing
- $505K
- Monthly payment
- $28,499
- Annual debt service
- $342K
- Cash flow needed (1.25×)
- $427K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
- Precision Waterjet & Laser LLC in Crystal Lake, IL — $500K (2022) · purchase · Old National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $250K (50%)
- Approval → funding
- 16 days
- Approved
- 8/23/2022
- First disbursed
- 9/8/2022
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 18
- Business age
- Change of Ownership
- Industry
- Precision Turned Product Manufacturing
If you were the buyer here
- Est. deal size
- $556K
- Est. down payment (10%)
- $56K
- Est. cash at closing
- $74K
- Monthly payment
- $5,677
- Annual debt service
- $68K
- Cash flow needed (1.25×)
- $85K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
- ROCKBOUND MANUFACTURING INC. in Franklin Park, IL — $1.9M (2020) · purchase · Wells Fargo Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% fixed
- Term
- 145 months
- SBA guaranteed
- $1.4M (75%)
- Approved
- 4/28/2020
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 17
- Business age
- Change of Ownership
- Industry
- Precision Turned Product Manufacturing
If you were the buyer here
- Est. deal size
- $2.1M
- Est. down payment (10%)
- $211K
- Est. cash at closing
- $291K
- Monthly payment
- $17,984
- Annual debt service
- $216K
- Cash flow needed (1.25×)
- $270K
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 Wells Fargo Bank National Association · Lender record →
Your business? Claim this record · Request removal
- HOMMER TOOL & MFG., INC. in Arlington Heights, IL — $1.4M (2020) · purchase · State Bank of the Lakes, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 3.25% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $1.1M (75%)
- Approval → funding
- 7 days
- Approved
- 9/23/2020
- First disbursed
- 9/30/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 34
- Business age
- Change of Ownership
- Industry
- Precision Turned Product Manufacturing
If you were the buyer here
- Est. deal size
- $1.6M
- Est. down payment (10%)
- $156K
- Est. cash at closing
- $213K
- Monthly payment
- $18,657
- Annual debt service
- $224K
- Cash flow needed (1.25×)
- $280K
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
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to precision turned product manufacturing businesses with a Illinois project address.
Agent summary
How to finance a precision turned product manufacturing 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. Midland States Bank funds the most here. DealRoom is not a lender.
- $1.1M typical loan
- 4 lenders active in Illinois
- 6+ funded Illinois deals
- 17 days typical to fund
Buyers buying a precision turned product manufacturing 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 2026-06-16.