Food & Restaurants · lender intelligence

How to finance a Bonchon in Illinois

State:

The SBA 7(a) lenders funding the most Bonchon deals in Illinois, from public loan records — typical Bonchon loan about $762K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Bonchon in Illinois

$930K

Typical loan

range $285K–$1.53M

$1.03M

Est. purchase price

≈ loan ÷ 90%

$141,696

Cash to close

$103,333 down + fees

$12,034/mo

Typical payment

~9.5% · 10yr

$166,069/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

36 days

Typical time to fund

Lenders competing

more = leverage

8.75%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

Most active with Bonchon in Illinois

Ranked by funded Bonchon loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.

1.242 loans · $281M · Chicago, ILFull record →

7+ funded Bonchon 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.

Skokie BC Inc. in Skokie, IL — $1.0M (2026) · purchase · Byline Bank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$754K (75%)
Approved
1/29/2026
Loan status
Committed
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
14
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$1.1M
Est. down payment (10%)
$112K
Est. cash at closing
$153K
Monthly payment
$13,004
Annual debt service
$156K
Cash flow needed (1.25×)
$195K
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
HUMSPICE INC. in Melrose Park, IL — $1.5M (2025) · Byline Bank
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
124 months
SBA guaranteed
$1.1M (75%)
Approved
12/23/2024
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
21
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Byline Bank · Lender record →
Your business? Claim this record · Request removal
HUMSPICE INC. in Melrose Park, IL — $100K (2025) · Byline Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (50%)
Approved
12/23/2024
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
21
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Byline Bank · Lender record →
Your business? Claim this record · Request removal
HUMSPICE INC. in Chicago, IL — $1.8M (2024) · Byline Bank
Program
Preferred Lenders Program
Rate at approval
11.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.3M (75%)
Approved
9/27/2024
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
11
Business age
New Business or 2 years or less
Industry
Limited-Service Restaurants
Funded by Byline Bank · Lender record →
Your business? Claim this record · Request removal
BC Skokie Inc. in Skokie, IL — $694K (2022) · Byline Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$521K (75%)
Approval → funding
4 days
Approved
1/27/2022
First disbursed
1/31/2022
Loan status
Delinquent
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
7
Business age
Startup, Loan Funds will Open Business
Industry
Limited-Service Restaurants
Funded by Byline Bank · Lender record →
Your business? Claim this record · Request removal
BC Schaumburg Inc. in Schaumburg, IL — $285K (2021) · Byline Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$214K (75%)
Approval → funding
85 days
Approved
11/25/2020
First disbursed
2/18/2021
Loan status
Paid in full (9/30/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
5
Business age
New Business or 2 years or less
Industry
Full-Service Restaurants
Funded by Byline Bank · Lender record →
Your business? Claim this record · Request removal
I.A.E Enterprise Inc in Glenview, IL — $930K (2020) · purchase · Byline Bank
Program
7a General
Rate at approval
7.5% variable
Term
70 months
SBA guaranteed
$698K (75%)
Approval → funding
36 days
Approved
3/25/2020
First disbursed
4/30/2020
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
11
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$1.0M
Est. down payment (10%)
$103K
Est. cash at closing
$142K
Monthly payment
$16,444
Annual debt service
$197K
Cash flow needed (1.25×)
$247K
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

Buying a Bonchon in Illinois? Start with a lender that funds them here

We'll point you to the SBA lenders already financing this brand in your state — and help you make them compete on rate and speed.

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Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

CapBench analysis of public SBA 7(a) lending records; ranked by funded Bonchon loans with a Illinois project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Bonchon purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. Byline Bank funds the most here. CapBench is not a lender.

$762K typical Bonchon loan
1 lenders active in Illinois
7+ funded Illinois deals
36 days typical to fund

Buyers buying a Bonchon in Illinois typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.

Next steps

Pre-qualify this deal Talk to a loan broker All Bonchon lenders

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/lenders/franchise/bonchon/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=bonchon
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.