Health & Medical · lender intelligence

How to finance a Pearle Vision in Illinois

State:

The SBA 7(a) lenders funding the most Pearle Vision deals in Illinois, from public loan records — typical Pearle Vision loan about $577K. A bank already funding the brand in your state knows it twice over.

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

$50K

Typical loan

range $50K–$420K

$56K

Est. purchase price

≈ loan ÷ 90%

$7,156

Cash to close

$5,556 down + fees

$747/mo

Typical payment

~13% · 10yr

$10,309/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

27 days

Typical time to fund

Lenders competing

more = leverage

5.92%

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 Pearle Vision in Illinois

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

1.2,539 loans · $965M · Columbus, OHFull record →
2.66 loans · $68M · Milford, IAFull record →

3+ funded Pearle Vision 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.

FR Vision 360, Inc. in Jacksonville, IL — $420K (2020) · United Community Bank
Program
Preferred Lenders Program
Rate at approval
7.25% variable
Term
129 months
SBA guaranteed
$315K (75%)
Approval → funding
198 days
Approved
1/15/2020
First disbursed
7/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
4
Business age
Startup, Loan Funds will Open Business
Industry
Optical Goods Stores
Funded by United Community Bank · Lender record →
Your business? Claim this record · Request removal
Austin-Cleetus LTD. in Oakbrook Terrace, IL — $50K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approval → funding
27 days
Approved
5/21/2020
First disbursed
6/17/2020
Loan status
Paid in full (4/30/2025)
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Business age
Existing or more than 2 years old
Industry
Offices of Optometrists
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Gervais-Floyd LTD. in Orland Park, IL — $50K (2020) · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$25K (50%)
Approval → funding
27 days
Approved
5/21/2020
First disbursed
6/17/2020
Loan status
Paid in full (5/31/2025)
Loan type
Revolving line
Collateral
Not required
Business type
Corporation
Business age
Existing or more than 2 years old
Industry
Offices of Optometrists
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Pearle Vision 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 Pearle Vision loans with a Illinois project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Pearle Vision 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. The Huntington National Bank funds the most here. CapBench is not a lender.

$577K typical Pearle Vision loan
2 lenders active in Illinois
3+ funded Illinois deals
27 days typical to fund

Buyers buying a Pearle Vision 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 Pearle Vision lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-20.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/pearle-vision/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=pearle-vision
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.