SBA lending record

CHAVAS

217 E Vandalia St, Edwardsville, IL 62025 · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$175K

Total SBA financing

Loans on record

FY2024

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 2 loans

$50,000 — FY2024

Loan 1 of 2

Gross approval: $50,000
SBA guaranteed: $42,500 (85%)
Status: Cancelled
Rate at approval: 15% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/23/2024
Collateral: None
Jobs supported: 16
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: Readycap Lending, LLC
Address: 217 E Vandalia St
City: Edwardsville, 62025
County: Madison
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 12

$125,000 — FY2024

Loan 2 of 2

Gross approval: $125,000
SBA guaranteed: $106,250 (85%)
Status: Current
Rate at approval: 11.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 4/8/2024
First disbursement: 4/25/2024
Days to fund: 17 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 16
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: Newtek Bank, National Association
Address: 217 E Vandalia St
City: Edwardsville, 62025
County: Madison
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 12

The lenders

Readycap Lending, LLC

1 loan to this businessFull SBA lending record + branches on the lender page →

Newtek Bank, National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding full-service restaurants — by location, industry.

SBA lenders in Illinois Lenders for full-service restaurants Full-Service Restaurants lenders in Illinois

Similar businesses

Comparable full-service restaurants in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

BANN THAI INC.

Edwardsville, IL· ~3 mi

Full-Service Restaurants

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

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Wanggang Asian, LLC

Edwardsville, IL· ~2 mi

Full-Service Restaurants

$280K
SBA financing: ≈ $549K–$915K
Est. revenue (rough)

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Blackbird Bakery LLC

Staunton, IL· ~17 mi

Full-Service Restaurants

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

View record

Square1 Project LLC

Saint Louis, MO· ~20 mi

Full-Service Restaurants

$156K
SBA financing: ≈ $306K–$510K
Est. revenue (rough)

View record

NORTHSIDE DAIRY HAVEN

Edwardsville, IL· ~1 mi

Full-Service Restaurants

$70K
SBA financing: ≈ $137K–$229K
Est. revenue (rough)

View record

Himalayan Food, Inc

Edwardsville, IL· ~2 mi

Full-Service Restaurants

$84K
SBA financing: ≈ $165K–$275K
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for CHAVAS in Edwardsville, IL (Full-Service Restaurants). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

2 SBA 7(a) loans totaling $175K
On record FY2024
32 jobs supported
Industry: Full-Service Restaurants
Location: Edwardsville, IL
Lenders: Readycap Lending, LLC, Newtek Bank, National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Full-Service Restaurants businesses in IL for ~$88k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/chavas-il
API:: https://www.capbench.com/api/public/businesses/chavas-il
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with CHAVAS.