Franchise · lender intelligence

How to finance a WaterStation in Illinois

State:

Alabama (2)Arizona (3)California (13)Colorado (3)Florida (7)Georgia (4)Indiana (9)Iowa (2)Louisiana (1)Maryland (1)Michigan (3)Minnesota (1)

The SBA 7(a) lenders funding the most WaterStation deals in Illinois, from public loan records — typical WaterStation loan about $420K. A bank already funding the brand in your state knows it twice over.

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

$919K

Typical loan

range $296K–$1.62M

$1.02M

Est. purchase price

≈ loan ÷ 90%

$140,050

Cash to close

$102,133 down + fees

$11,894/mo

Typical payment

~9.5% · 10yr

$164,137/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

7 days

Typical time to fund

Lenders competing

more = leverage

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 WaterStation in Illinois

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

1.868 loans · $362M · Salt Lake City, UTFull record →

6+ funded WaterStation 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.

TRE FONTANE, LLC in Glen Ellyn, IL — $1.6M (2021) · Celtic Bank Corporation
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
77 months
SBA guaranteed
$1.5M (90%)
Approval → funding
4 days
Approved
5/27/2021
First disbursed
5/31/2021
Loan status
In workout — SBA bought the guarantee
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
1
Business age
Startup, Loan Funds will Open Business
Industry
Vending Machine Operators
Funded by Celtic Bank Corporation · Lender record →
Your business? Claim this record · Request removal
Navaneeth K.Vankadari Ramprasad in Aurora, IL — $296K (2021) · UniBank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$222K (75%)
Approved
12/15/2020
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Individual
Jobs supported
1
Business age
Startup, Loan Funds will Open Business
Industry
Vending Machine Operators
Funded by UniBank
Your business? Claim this record · Request removal
NS Square Eco Waters LLC in Aurora, IL — $296K (2021) · UniBank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$222K (75%)
Approval → funding
7 days
Approved
12/16/2020
First disbursed
12/23/2020
Loan status
Paid in full (4/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
1
Business age
Startup, Loan Funds will Open Business
Industry
Vending Machine Operators
Funded by UniBank
Your business? Claim this record · Request removal
Ronald N.Cole in Decatur, IL — $1.7M (2020) · UniBank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.3M (75%)
Approval → funding
7 days
Approved
9/23/2020
First disbursed
9/30/2020
Loan status
Paid in full (2/28/2026)
Loan type
Term loan
Collateral
Required
Business type
Individual
Secondary market
Loan sold to investors
Jobs supported
1
Business age
Startup, Loan Funds will Open Business
Industry
Vending Machine Operators
Funded by UniBank
Your business? Claim this record · Request removal
SPRUCE WATERS INVESTMENTS LLC in Chicago, IL — $919K (2020) · Celtic Bank Corporation
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
77 months
SBA guaranteed
$689K (75%)
Approval → funding
16 days
Approved
9/14/2020
First disbursed
9/30/2020
Loan status
In workout — SBA bought the guarantee
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
2
Business age
Startup, Loan Funds will Open Business
Industry
Vending Machine Operators
Funded by Celtic Bank Corporation · Lender record →
Your business? Claim this record · Request removal
Sell Water LLC in Naperville, IL — $210K (2020) · UniBank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$158K (75%)
Approval → funding
23 days
Approved
9/7/2020
First disbursed
9/30/2020
Loan status
Paid in full (9/30/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
1
Business age
Startup, Loan Funds will Open Business
Industry
Vending Machine Operators
Funded by UniBank
Your business? Claim this record · Request removal

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

Agent summary

How to finance a WaterStation 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. Celtic Bank Corporation funds the most here. CapBench is not a lender.

$420K typical WaterStation loan
2 lenders active in Illinois
6+ funded Illinois deals
7 days typical to fund

Buyers buying a WaterStation 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 WaterStation 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/waterstation/illinois
API:: https://www.capbench.com/api/public/lenders?franchise=waterstation&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.