Lender intelligence
Financing a site preparation contractors acquisition in Illinois
The SBA 7(a) lenders funding the most site preparation 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 site preparation contractors · Illinois
Ranked by funded site preparation contractors acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.19 loans · $3M · Springfield, ILFull record →
4+ funded Site Preparation 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.
- Payne Construction Services, LLC in Granite City, IL — $665K (2025) · purchase · Bank of Springfield
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% variable
- Term
- 87 months
- SBA guaranteed
- $499K (75%)
- Approval → funding
- 10 days
- Approved
- 1/21/2025
- First disbursed
- 1/31/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- Change of Ownership
- Industry
- Site Preparation Contractors
If you were the buyer here
- Est. deal size
- $739K
- Est. down payment (10%)
- $74K
- Est. cash at closing
- $99K
- Monthly payment
- $10,265
- Annual debt service
- $123K
- Cash flow needed (1.25×)
- $154K
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 Bank of Springfield · Lender record →
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- Payne Construction Services, LLC in Granite City, IL — $100K (2025) · purchase · Bank of Springfield
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.5% variable
- Term
- 24 mo (2 yrs)
- SBA guaranteed
- $50K (50%)
- Approval → funding
- 43 days
- Approved
- 1/22/2025
- First disbursed
- 3/6/2025
- Loan status
- Past due
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- Change of Ownership
- Industry
- Site Preparation Contractors
If you were the buyer here
- Est. deal size
- $111K
- Est. down payment (10%)
- $11K
- Est. cash at closing
- $14K
- Monthly payment
- $4,546
- Annual debt service
- $55K
- Cash flow needed (1.25×)
- $68K
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 Bank of Springfield · Lender record →
Your business? Claim this record · Request removal
- Lenny Hoffman Excavating, Inc. in Wilmette, IL — $2.7M (2021) · purchase · Newtek Small Business Finance, Inc.
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.4M (90%)
- Approval → funding
- 0 days
- Approved
- 8/31/2021
- First disbursed
- 8/31/2021
- Loan status
- Paid in full (12/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 10
- Business age
- Change of Ownership
- Industry
- Site Preparation Contractors
If you were the buyer here
- Est. deal size
- $3.0M
- Est. down payment (10%)
- $297K
- Est. cash at closing
- $409K
- Monthly payment
- $17,203
- Annual debt service
- $206K
- Cash flow needed (1.25×)
- $258K
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 Newtek Small Business Finance, Inc.
Your business? Claim this record · Request removal
- Shamrock Erosion Control, LLC in Frankfort, IL — $1.9M (2020) · purchase · Signature Bank
- Program
- 7a General
- Rate at approval
- 5.75% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $1.4M (75%)
- Approval → funding
- 122 days
- Approved
- 12/30/2019
- First disbursed
- 4/30/2020
- Loan status
- Paid in full (12/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Site Preparation Contractors
If you were the buyer here
- Est. deal size
- $2.1M
- Est. down payment (10%)
- $213K
- Est. cash at closing
- $294K
- Monthly payment
- $27,819
- Annual debt service
- $334K
- Cash flow needed (1.25×)
- $417K
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 Signature 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 site preparation contractors businesses with a Illinois project address.
Agent summary
How to finance a site preparation 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. Bank of Springfield funds the most here. DealRoom is not a lender.
- $491K typical loan
- 3 lenders active in Illinois
- 4+ funded Illinois deals
- 43 days typical to fund
Buyers buying a site preparation 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: