Food & Restaurants · lender intelligence

How to finance a Firehouse Subs in Illinois

State:

The SBA 7(a) lenders funding the most Firehouse Subs deals in Illinois, from public loan records — typical Firehouse Subs loan about $389K. A bank already funding the brand in your state knows it twice over.

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

$770K

Typical loan

range $366K–$770K

$856K

Est. purchase price

≈ loan ÷ 90%

$117,319

Cash to close

$85,556 down + fees

$9,964/mo

Typical payment

~9.5% · 10yr

$137,503/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

106 days

Typical time to fund

Lenders competing

more = leverage

6.63%

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 Firehouse Subs in Illinois

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

1.6 loans · $6M · Wellsville, MOFull record →
2.9 loans · $13M · Atlanta, GAFull record →

2+ funded Firehouse Subs 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.

WANJALA CAPITAL LLC in Fairview Heights, IL — $770K (2020) · purchase · American Bank of Freedom
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
76 months
SBA guaranteed
$578K (75%)
Approval → funding
106 days
Approved
8/31/2020
First disbursed
12/15/2020
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
15
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$856K
Est. down payment (10%)
$86K
Est. cash at closing
$117K
Monthly payment
$12,203
Annual debt service
$146K
Cash flow needed (1.25×)
$183K
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 American Bank of Freedom · Lender record →
Your business? Claim this record · Request removal
Steinacher Restaurants LLC in Collinsville, IL — $366K (2020) · purchase · Ameris Bank
Program
Preferred Lenders Program
Rate at approval
7.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$275K (75%)
Approval → funding
17 days
Approved
2/12/2020
First disbursed
2/29/2020
Loan status
Paid in full (6/30/2023)
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
15
Business age
Change of Ownership
Industry
Limited-Service Restaurants
If you were the buyer here
Est. deal size
$407K
Est. down payment (10%)
$41K
Est. cash at closing
$54K
Monthly payment
$4,297
Annual debt service
$52K
Cash flow needed (1.25×)
$64K
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 Ameris Bank · Lender record →
Your business? Claim this record · Request removal

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

Agent summary

How to finance a Firehouse Subs 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. American Bank of Freedom funds the most here. CapBench is not a lender.

$389K typical Firehouse Subs loan
2 lenders active in Illinois
2+ funded Illinois deals
106 days typical to fund

Buyers buying a Firehouse Subs 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 Firehouse Subs lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-21.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/firehouse-subs/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=firehouse-subs
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.