Food & Restaurants · lender intelligence
How to finance a Huddle House in Illinois
The SBA 7(a) lenders funding the most Huddle House deals in Illinois, from public loan records — typical Huddle House loan about $2.0M. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance Huddle House in Illinois
$2.15M
Typical loan
range $2.15M–$2.15M
$2.39M
Est. purchase price
≈ loan ÷ 90%
$329,709
Cash to close
$239,322 down + fees
$27,871/mo
Typical payment
~9.5% · 10yr
$384,620/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
34 days
Typical time to fund
1
Lenders competing
more = leverage
5.25%
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 Huddle House in Illinois
Ranked by funded Huddle House loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.7 loans · $1M · Mattoon, ILFull record →
1+ funded Huddle House 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.
- Carson Michael Restaurants, LLC in Decatur, IL — $2.2M (2022) · First Mid Bank & Trust, National Association
- Program
- 7a General
- Rate at approval
- 5.25% variable
- Term
- 241 months
- SBA guaranteed
- $1.6M (75%)
- Approval → funding
- 34 days
- Approved
- 7/14/2022
- First disbursed
- 8/17/2022
- Loan status
- In liquidation
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 26
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Full-Service Restaurants
Funded by First Mid Bank & Trust, National Association · Lender record →
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Buying a Huddle House 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 Huddle House loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Huddle House 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. First Mid Bank & Trust, National Association funds the most here. CapBench is not a lender.
- $2.0M typical Huddle House loan
- 1 lenders active in Illinois
- 1+ funded Illinois deals
- 34 days typical to fund
Buyers buying a Huddle House 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 2026-06-17.
- 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.