How to finance a Scissors & Scotch in Illinois

State:

Colorado (2)Georgia (1)Kansas (1)Missouri (1)Nebraska (5)Nevada (1)North Carolina (1)Tennessee (2)Texas (1)Washington (1)

The SBA 7(a) lenders funding the most Scissors & Scotch deals in Illinois, from public loan records — typical Scissors & Scotch loan about $500K. A bank already funding the brand in your state knows it twice over.

Deal economics— what it takes to buy & finance Scissors & Scotch in Illinois

$450K

Typical loan

range $450K–$450K

$500K

Est. purchase price

≈ loan ÷ 90%

$66,875

Cash to close

$50,000 down + fees

$5,823/mo

Typical payment

~9.5% · 10yr

$80,357/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

101 days

Typical time to fund

Lenders competing

more = leverage

10%

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 Scissors & Scotch in Illinois

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

1.1 loans · $1M · Cuba, MOFull record →

1+ funded Scissors & Scotch 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.

Scissors & Scotch of Naperville LLC in Wheaton, IL — $450K (2025) · Peoples Bank
Program
7a General
Rate at approval
10% fixed
Term
72 mo (6 yrs)
SBA guaranteed
$338K (75%)
Approval → funding
101 days
Approved
11/5/2024
First disbursed
2/14/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
11
Business age
Startup, Loan Funds will Open Business
Industry
Barber Shops
Funded by Peoples Bank · Lender record →
Your business? Claim this record · Request removal

Buying a Scissors & Scotch 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.

Free · No documents · Usually same-day

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 Scissors & Scotch loans with a Illinois project address. Mega-bank call-center lenders excluded.

Agent summary

How to finance a Scissors & Scotch 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. Peoples Bank funds the most here. CapBench is not a lender.

$500K typical Scissors & Scotch loan
1 lenders active in Illinois
1+ funded Illinois deals
101 days typical to fund

Buyers buying a Scissors & Scotch 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 Scissors & Scotch lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/scissors-scotch/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=scissors-scotch&state=IL
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.