SBA lending record

First Spice LLC

793 S GREENLEAF CT, Palatine, IL 60067 · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$2.5M

Total SBA financing

Loans on record

FY2025

On record

Jobs supported

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

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All 2 loans

$1,248,000 — FY2025

Loan 1 of 2

Gross approval: $1,248,000
SBA guaranteed: $936,000 (75%)
Status: Cancelled
Rate at approval: 8% f
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/26/2025
Collateral: Required
Jobs supported: 2
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: U.S. Bank, National Association
Address: 793 S GREENLEAF CT
City: Palatine, 60067
County: Cook
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 6

$1,289,100 — FY2025

Loan 2 of 2

Gross approval: $1,289,100
SBA guaranteed: $966,825 (75%)
Status: Current
Rate at approval: 8% f
Term: 300 mo (25 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 4/15/2025
First disbursement: 5/12/2025
Days to fund: 27 days
Collateral: Required
Jobs supported: 2
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: U.S. Bank, National Association
Address: 793 S GREENLEAF CT
City: Palatine, 60067
County: Cook
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 6

The lender

U.S. Bank, National Association

2 loans 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.

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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.

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Agent summary

This page summarizes the public SBA 7(a) lending record for First Spice LLC in Palatine, 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 $2.5M
On record FY2025
4 jobs supported
Industry: Full-Service Restaurants
Location: Palatine, IL
Lender: U.S. 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 ~$1.3M 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/first-spice-llc-il
API:: https://www.capbench.com/api/public/businesses/first-spice-llc-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 First Spice LLC.