Lender intelligence
Financing a switchgear and switchboard apparatus manufacturing acquisition in Illinois
The SBA 7(a) lenders funding the most switchgear and switchboard apparatus 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 switchgear and switchboard apparatus manufacturing · Illinois
Ranked by funded switchgear and switchboard apparatus manufacturing acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.242 loans · $281M · Chicago, ILFull record →
2+ funded Switchgear and Switchboard Apparatus 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.
- STARTERPANEL INC. in Machesney Park, IL — $800K (2024) · purchase · Byline Bank
- Program
- Standard Asset Base Working Capital Line
- Subprogram
- Standard Asset Based
- Rate at approval
- 10.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $600K (75%)
- Approval → funding
- 27 days
- Approved
- 11/9/2023
- First disbursed
- 12/6/2023
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 22
- Business age
- Change of Ownership
- Industry
- Switchgear and Switchboard Apparatus Manufacturing
If you were the buyer here
- Est. deal size
- $889K
- Est. down payment (10%)
- $89K
- Est. cash at closing
- $122K
- Monthly payment
- $10,907
- Annual debt service
- $131K
- Cash flow needed (1.25×)
- $164K
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 →
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- Starterpanel Inc. in Machesney Park, IL — $788K (2024) · purchase · Byline Bank
- Program
- International Trade Loans
- Subprogram
- International Trade - Sec, 7(a
- Rate at approval
- 10.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $709K (90%)
- Approval → funding
- 14 days
- Approved
- 2/2/2024
- First disbursed
- 2/16/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 22
- Business age
- Change of Ownership
- Industry
- Switchgear and Switchboard Apparatus Manufacturing
If you were the buyer here
- Est. deal size
- $875K
- Est. down payment (10%)
- $88K
- Est. cash at closing
- $120K
- Monthly payment
- $10,737
- Annual debt service
- $129K
- Cash flow needed (1.25×)
- $161K
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
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to switchgear and switchboard apparatus manufacturing businesses with a Illinois project address.
Agent summary
How to finance a switchgear and switchboard apparatus 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. Byline Bank funds the most here. DealRoom is not a lender.
- $1.0M typical loan
- 1 lenders active in Illinois
- 2+ funded Illinois deals
- 27 days typical to fund
Buyers buying a switchgear and switchboard apparatus 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.