Beauty & Personal Care · lender intelligence

How to finance a Great Clips in Illinois

State:

The SBA 7(a) lenders funding the most Great Clips deals in Illinois, from public loan records — typical Great Clips loan about $300K. A bank already funding the brand in your state knows it twice over.

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

$2.43M

Typical loan

range $350K–$3.48M

$2.70M

Est. purchase price

≈ loan ÷ 90%

$372,294

Cash to close

$270,000 down + fees

$31,444/mo

Typical payment

~9.5% · 10yr

$433,927/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

21 days

Typical time to fund

Lenders competing

more = leverage

5.14%

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 Great Clips in Illinois

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

1.66 loans · $68M · Milford, IAFull record →
2.1,296 loans · $1.4B · Wilmington, NCFull record →

4+ funded Great Clips 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.

Red Sky at Night Inc in Lake Zurich, IL — $3.5M (2020) · United Community Bank
Program
Preferred Lenders Program
Rate at approval
5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$2.6M (75%)
Approval → funding
21 days
Approved
9/9/2020
First disbursed
9/30/2020
Loan status
Paid in full (1/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
91
Business age
Existing or more than 2 years old
Industry
Beauty Salons
Funded by United Community Bank · Lender record →
Your business? Claim this record · Request removal
Riverside Capital LLC in Lockport, IL — $2.4M (2020) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.4% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$1.8M (75%)
Approval → funding
3 days
Approved
11/5/2019
First disbursed
11/8/2019
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
40
Business age
Change of Ownership
Industry
Beauty Salons
If you were the buyer here
Est. deal size
$2.7M
Est. down payment (10%)
$270K
Est. cash at closing
$372K
Monthly payment
$26,252
Annual debt service
$315K
Cash flow needed (1.25×)
$394K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Riverside Capital LLC in Lockport, IL — $350K (2020) · purchase · Live Oak Banking Company
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.15% variable
Term
120 mo (10 yrs)
SBA guaranteed
$175K (50%)
Approval → funding
148 days
Approved
11/5/2019
First disbursed
4/1/2020
Loan status
Paid in full (1/31/2025)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
40
Business age
Change of Ownership
Industry
Beauty Salons
If you were the buyer here
Est. deal size
$389K
Est. down payment (10%)
$39K
Est. cash at closing
$52K
Monthly payment
$3,738
Annual debt service
$45K
Cash flow needed (1.25×)
$56K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
Red Sky at Night Inc in Lake Zurich, IL — $100K (2020) · United Community Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (50%)
Approved
9/9/2020
Loan status
Cancelled
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
91
Business age
Existing or more than 2 years old
Industry
Beauty Salons
Funded by United Community Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Great Clips 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 Great Clips loans with a Illinois project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Great Clips 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. United Community Bank funds the most here. CapBench is not a lender.

$300K typical Great Clips loan
2 lenders active in Illinois
4+ funded Illinois deals
21 days typical to fund

Buyers buying a Great Clips 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 Great Clips 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/great-clips/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=great-clips
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.