Lender intelligence
Financing a used car dealers acquisition in Illinois
The SBA 7(a) lenders funding the most used 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 used car dealers · Illinois
Ranked by funded used car dealers acquisitions in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.868 loans · $362M · Salt Lake City, UTFull record →
- 2.16 loans · $18M · Chicago, ILFull record →
3+ funded Used 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.
- GRAND MOTORWERKS LLC in Dwight, IL — $3.8M (2024) · purchase · Celtic Bank Corporation
- Program
- Preferred Lenders Program
- Rate at approval
- 10% variable
- Term
- 192 mo (16 yrs)
- SBA guaranteed
- $2.8M (75%)
- Approval → funding
- 41 days
- Approved
- 2/15/2024
- First disbursed
- 3/27/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 12
- Business age
- Change of Ownership
- Industry
- Used Car Dealers
If you were the buyer here
- Est. deal size
- $4.2M
- Est. down payment (10%)
- $417K
- Est. cash at closing
- $577K
- Monthly payment
- $39,295
- Annual debt service
- $472K
- Cash flow needed (1.25×)
- $589K
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 Celtic Bank Corporation · Lender record →
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- Valentia Properties LLC in Palatine, IL — $3.8M (2023) · purchase · BMO Bank National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 6.98% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.8M (75%)
- Approval → funding
- 18 days
- Approved
- 6/12/2023
- First disbursed
- 6/30/2023
- Loan status
- Delinquent
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 11
- Business age
- Change of Ownership
- Industry
- Used Car Dealers
If you were the buyer here
- Est. deal size
- $4.2M
- Est. down payment (10%)
- $421K
- Est. cash at closing
- $581K
- Monthly payment
- $26,710
- Annual debt service
- $321K
- Cash flow needed (1.25×)
- $401K
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 BMO Bank National Association · Lender record →
Your business? Claim this record · Request removal
- Lane Motors LLC in Chicago Heights, IL — $175K (2021) · purchase · Midland States Bank
- Program
- 7a General
- Rate at approval
- 6% variable
- Term
- 96 mo (8 yrs)
- SBA guaranteed
- $158K (90%)
- Approval → funding
- 21 days
- Approved
- 6/11/2021
- First disbursed
- 7/2/2021
- 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
- 7
- Business age
- Change of Ownership
- Industry
- Used Car Dealers
If you were the buyer here
- Est. deal size
- $194K
- Est. down payment (10%)
- $19K
- Est. cash at closing
- $26K
- Monthly payment
- $2,300
- Annual debt service
- $28K
- Cash flow needed (1.25×)
- $34K
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 used car dealers businesses with a Illinois project address.
Agent summary
How to finance a used 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. Celtic Bank Corporation funds the most here. DealRoom is not a lender.
- $614K typical loan
- 3 lenders active in Illinois
- 3+ funded Illinois deals
- 21 days typical to fund
Buyers buying a used 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.