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How to finance a FRSTeam in Illinois
The SBA 7(a) lenders funding the most FRSTeam deals in Illinois, from public loan records — typical FRSTeam loan about $459K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance FRSTeam in Illinois
$300K
Typical loan
range $300K–$300K
$333K
Est. purchase price
≈ loan ÷ 90%
$44,583
Cash to close
$33,333 down + fees
$4,133/mo
Typical payment
~11% · 10yr
$57,035/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
21 days
Typical time to fund
1
Lenders competing
more = leverage
5.75%
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 FRSTeam in Illinois
Ranked by funded FRSTeam loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.19 loans · $3M · Springfield, ILFull record →
1+ funded FRSTeam 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.
- Apple Cleaners Missouri, Inc. in East Saint Louis, IL — $300K (2022) · Bank of Springfield
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% fixed
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $225K (75%)
- Approval → funding
- 21 days
- Approved
- 7/20/2022
- First disbursed
- 8/10/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 30
- Business age
- Existing or more than 2 years old
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
Funded by Bank of Springfield · Lender record →
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Buying a FRSTeam 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.
CapBench analysis of public SBA 7(a) lending records; ranked by funded FRSTeam loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a FRSTeam 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. Bank of Springfield funds the most here. CapBench is not a lender.
- $459K typical FRSTeam loan
- 1 lenders active in Illinois
- 1+ funded Illinois deals
- 21 days typical to fund
Buyers buying a FRSTeam 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.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-08-02.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- 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.