Food & Restaurants · lender intelligence
How to finance a Sharetea in Illinois
The SBA 7(a) lenders funding the most Sharetea deals in Illinois, from public loan records — typical Sharetea loan about $332K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance Sharetea in Illinois
$425K
Typical loan
range $317K–$425K
$472K
Est. purchase price
≈ loan ÷ 90%
$63,116
Cash to close
$47,189 down + fees
$5,496/mo
Typical payment
~9.5% · 10yr
$75,845/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
2 days
Typical time to fund
2
Lenders competing
more = leverage
10.1%
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 Sharetea in Illinois
Ranked by funded Sharetea 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 →
- 2.318 loans · $229M · Osage Beach, MOFull record →
2+ funded Sharetea 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.
- ASC Properties and Consulting LLC in Morton Grove, IL — $425K (2024) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.95% fixed
- Term
- 96 mo (8 yrs)
- SBA guaranteed
- $319K (75%)
- Approval → funding
- 2 days
- Approved
- 7/23/2024
- First disbursed
- 7/25/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 6
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Snack and Nonalcoholic Beverage Bars
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- Sharetea Morton Grove in Morton Grove, IL — $317K (2024) · First Bank of the Lake
- Program
- Preferred Lenders Program
- Rate at approval
- 11.25% variable
- Term
- 103 months
- SBA guaranteed
- $238K (75%)
- Approved
- 10/20/2023
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 14
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Marketing Consulting Services
Funded by First Bank of the Lake · Lender record →
Your business? Claim this record · Request removal
Buying a Sharetea 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.
CapBench analysis of public SBA 7(a) lending records; ranked by funded Sharetea loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Sharetea 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.
- $332K typical Sharetea loan
- 2 lenders active in Illinois
- 2+ funded Illinois deals
- 2 days typical to fund
Buyers buying a Sharetea 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 2026-06-20.
- 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.