Beauty & Personal Care · lender intelligence

How to finance a SportClips in Illinois

State:

The SBA 7(a) lenders funding the most SportClips deals in Illinois, from public loan records — typical SportClips loan about $315K. A bank already funding the brand in your state knows it twice over.

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

$308K

Typical loan

range $249K–$884K

$342K

Est. purchase price

≈ loan ÷ 90%

$45,713

Cash to close

$34,178 down + fees

$4,237/mo

Typical payment

~11% · 10yr

$58,471/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

20 days

Typical time to fund

Lenders competing

more = leverage

6.37%

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 SportClips in Illinois

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

1.28 loans · $42M · Lehi, UTFull record →
2.128 loans · $40M · Wilmington, DEFull record →
3.20 loans · $14M · Arlington Heights, ILFull record →

5+ funded SportClips 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.

Kled6 Inc. in Schaumburg, IL — $4.8M (2025) · PNC Bank, National Association
Program
Preferred Lenders Program
Rate at approval
6.75% variable
Term
96 mo (8 yrs)
SBA guaranteed
$3.6M (75%)
Approval → funding
10 days
Approved
7/22/2025
First disbursed
8/1/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
5
Business age
Existing or more than 2 years old
Industry
Barber Shops
Funded by PNC Bank, National Association · Lender record →
Your business? Claim this record · Request removal
HAIRCUTS FOR MEN 2, LLC in Tinley Park, IL — $884K (2021) · purchase · LendingClub Bank, National Association
Program
Preferred Lenders Program
Rate at approval
5.5% variable
Term
117 months
SBA guaranteed
$663K (75%)
Approval → funding
20 days
Approved
12/11/2020
First disbursed
12/31/2020
Loan status
Current
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
25
Business age
Change of Ownership
Industry
Beauty Salons
If you were the buyer here
Est. deal size
$982K
Est. down payment (10%)
$98K
Est. cash at closing
$135K
Monthly payment
$9,773
Annual debt service
$117K
Cash flow needed (1.25×)
$147K
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 LendingClub Bank, National Association · Lender record →
Your business? Claim this record · Request removal
DEMIDO INC. in Plainfield, IL — $308K (2020) · Wells Fargo Bank National Association
Program
Preferred Lenders Program
Rate at approval
5.45% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$231K (75%)
Approval → funding
34 days
Approved
7/28/2020
First disbursed
8/31/2020
Loan status
Paid in full (7/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Startup, Loan Funds will Open Business
Industry
Barber Shops
Funded by Wells Fargo Bank National Association · Lender record →
Your business? Claim this record · Request removal
GRZYWINSKI & ASSOCIATES CORP. in Tinley Park, IL — $249K (2020) · JPMorgan Chase Bank, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9.156% fixed
Term
84 mo (7 yrs)
SBA guaranteed
$124K (50%)
Approval → funding
35 days
Approved
2/25/2020
First disbursed
3/31/2020
Loan status
Paid in full (11/30/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
17
Business age
Unanswered
Industry
Barber Shops
Funded by JPMorgan Chase Bank, National Association · Lender record →
Your business? Claim this record · Request removal
Motts Inc. in Macomb, IL — $175K (2020) · Village Bank and Trust, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$88K (50%)
Approval → funding
6 days
Approved
9/24/2020
First disbursed
9/30/2020
Loan status
Paid in full (5/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
65
Business age
Existing or more than 2 years old
Industry
Barber Shops
Funded by Village Bank and Trust, National Association · Lender record →
Your business? Claim this record · Request removal

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

Agent summary

How to finance a SportClips 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. LendingClub Bank, National Association funds the most here. CapBench is not a lender.

$315K typical SportClips loan
5 lenders active in Illinois
5+ funded Illinois deals
20 days typical to fund

Buyers buying a SportClips 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 SportClips lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-22.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/franchise/sportclips/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=sportclips&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.