Lender intelligence

Financing a car washes acquisition in Illinois

State:

The SBA 7(a) lenders funding the most car washes acquisitions in Illinois, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.

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

$743K

Typical loan

range $581K–$1.27M

$826K

Est. purchase price

≈ loan ÷ 90%

$113,205

Cash to close

$82,556 down + fees

$9,614/mo

Typical payment

~9.5% · 10yr

$132,673/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

15 days

Typical time to fund

Lenders competing

more = leverage

7.78%

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 in car washes · Illinois

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

1.83 loans · $143M · Los Angeles, CAFull record →
2.242 loans · $281M · Chicago, ILFull record →
3.32 loans · $54M · Houston, TXFull record →
4.2,539 loans · $965M · Columbus, OHFull record →
5.2 loans · $0M · Sterling, ILFull record →
6.101 loans · $81M · Pasadena, CAFull record →

10+ funded Car Washes 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.

Gleam and Go, Inc. in Crystal Lake, IL — $743K (2025) · purchase · Southwestern National Bank
Program
Preferred Lenders Program
Rate at approval
8.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$557K (75%)
Approval → funding
19 days
Approved
3/19/2025
First disbursed
4/7/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
4
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$826K
Est. down payment (10%)
$83K
Est. cash at closing
$113K
Monthly payment
$5,983
Annual debt service
$72K
Cash flow needed (1.25×)
$90K
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 Southwestern National Bank · Lender record →
Your business? Claim this record · Request removal
SSS Rochelle Car Wash LLC in Rochelle, IL — $585K (2025) · purchase · Byline Bank
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$439K (75%)
Approval → funding
2 days
Approved
6/11/2025
First disbursed
6/13/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
6
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$650K
Est. down payment (10%)
$65K
Est. cash at closing
$87K
Monthly payment
$7,812
Annual debt service
$94K
Cash flow needed (1.25×)
$117K
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 Byline Bank · Lender record →
Your business? Claim this record · Request removal
Shir Enterprises, Inc. in Mchenry, IL — $581K (2025) · purchase · Open Bank
Program
Preferred Lenders Program
Rate at approval
8.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$436K (75%)
Approval → funding
30 days
Approved
1/28/2025
First disbursed
2/27/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
1
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$646K
Est. down payment (10%)
$65K
Est. cash at closing
$86K
Monthly payment
$4,678
Annual debt service
$56K
Cash flow needed (1.25×)
$70K
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 Open Bank · Lender record →
Your business? Claim this record · Request removal
In N Out Car Wash (East) LLC in Chicago, IL — $534K (2025) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
9.5% variable
Term
300 mo (25 yrs)
SBA guaranteed
$401K (75%)
Approval → funding
15 days
Approved
9/29/2025
First disbursed
10/14/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
7
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$593K
Est. down payment (10%)
$59K
Est. cash at closing
$79K
Monthly payment
$4,666
Annual debt service
$56K
Cash flow needed (1.25×)
$70K
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 The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
DTJO Co in Downers Grove, IL — $500K (2024) · purchase · Sterling Federal Bank, F.S.B.
Program
7a General
Rate at approval
11% variable
Term
120 mo (10 yrs)
SBA guaranteed
$375K (75%)
Approval → funding
57 days
Approved
5/2/2024
First disbursed
6/28/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
16
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$556K
Est. down payment (10%)
$56K
Est. cash at closing
$74K
Monthly payment
$6,888
Annual debt service
$83K
Cash flow needed (1.25×)
$103K
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 Sterling Federal Bank, F.S.B. · Lender record →
Your business? Claim this record · Request removal
SPLISH SPLASH CAR WASH CO. in Prospect Heights, IL — $695K (2023) · purchase · East West Bank
Program
Preferred Lenders Program
Rate at approval
8.75% variable
Term
300 mo (25 yrs)
SBA guaranteed
$521K (75%)
Approved
2/2/2023
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$772K
Est. down payment (10%)
$77K
Est. cash at closing
$103K
Monthly payment
$5,714
Annual debt service
$69K
Cash flow needed (1.25×)
$86K
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 East West Bank · Lender record →
Your business? Claim this record · Request removal
Wellie Wash, LLC in Lockport, IL — $4.2M (2022) · purchase · Hinsdale Bank & Trust Company, National Association
Program
Preferred Lenders Program
Rate at approval
5.3% fixed
Term
180 mo (15 yrs)
SBA guaranteed
$3.2M (75%)
Approval → funding
2 days
Approved
8/31/2022
First disbursed
9/2/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
11
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$4.7M
Est. down payment (10%)
$471K
Est. cash at closing
$651K
Monthly payment
$34,196
Annual debt service
$410K
Cash flow needed (1.25×)
$513K
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 Hinsdale Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
Suleshwari Glendale Property LLC in Schaumburg, IL — $1.9M (2021) · purchase · Merchants Bank of Indiana
Program
Preferred Lenders Program
Rate at approval
4.75% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.8M (90%)
Approval → funding
14 days
Approved
8/31/2021
First disbursed
9/14/2021
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
12
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$2.2M
Est. down payment (10%)
$216K
Est. cash at closing
$297K
Monthly payment
$11,089
Annual debt service
$133K
Cash flow needed (1.25×)
$166K
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 Merchants Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
Epic Property Holdings LLC in Bloomingdale, IL — $1.3M (2021) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.1M (90%)
Approval → funding
42 days
Approved
8/9/2021
First disbursed
9/20/2021
Loan status
Paid in full (8/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
3
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$1.4M
Est. down payment (10%)
$141K
Est. cash at closing
$193K
Monthly payment
$8,176
Annual debt service
$98K
Cash flow needed (1.25×)
$123K
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 The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
AMRO 5285 LLC in Chicago, IL — $1.2M (2021) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$1.1M (90%)
Approval → funding
3 days
Approved
4/27/2021
First disbursed
4/30/2021
Loan status
Paid in full (8/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
4
Business age
Change of Ownership
Industry
Car Washes
If you were the buyer here
Est. deal size
$1.4M
Est. down payment (10%)
$137K
Est. cash at closing
$187K
Monthly payment
$7,365
Annual debt service
$88K
Cash flow needed (1.25×)
$110K
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 The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal

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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to car washes businesses with a Illinois project address.

Agent summary

How to finance a car washes acquisition in Illinois with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Illinois deals. Open Bank funds the most here. CapBench is not a lender.

$1.6M typical loan
8 lenders active in Illinois
10+ funded Illinois deals
15 days typical to fund

Buyers buying a car washes in Illinois typically pre-qualify, then ask CapBench to introduce a lender active 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 car washes lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/industry/car-washes/illinois
API:: https://www.capbench.com/api/public/lenders?industry=car-washes
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.