Lender intelligence

Financing a caterers acquisition in Illinois

State:

The SBA 7(a) lenders funding the most caterers 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 caterers in Illinois

$455K

Typical loan

range $350K–$4.42M

$506K

Est. purchase price

≈ loan ÷ 90%

$67,619

Cash to close

$50,556 down + fees

$5,888/mo

Typical payment

~9.5% · 10yr

$81,254/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

56 days

Typical time to fund

Lenders competing

more = leverage

6.63%

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 caterers · Illinois

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

1.10 loans · $3M · Barrington, ILFull record →

4+ funded Caterers 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.

WHISK MANAGEMENT LLC in Lake Barrington, IL — $455K (2025) · purchase · Barrington Bank & Trust Company, National Association
Program
Preferred Lenders Program
Rate at approval
7.25% fixed
Term
108 mo (9 yrs)
SBA guaranteed
$341K (75%)
Approval → funding
34 days
Approved
3/13/2025
First disbursed
4/16/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Partnership
Jobs supported
45
Business age
Change of Ownership
Industry
Caterers
If you were the buyer here
Est. deal size
$506K
Est. down payment (10%)
$51K
Est. cash at closing
$68K
Monthly payment
$5,748
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 Barrington Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
Whisk Management LLC in Lake Barrington, IL — $350K (2022) · purchase · Barrington Bank & Trust Company, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
7.25% fixed
Term
84 mo (7 yrs)
SBA guaranteed
$175K (50%)
Approval → funding
12 days
Approved
7/8/2022
First disbursed
7/20/2022
Loan status
Paid in full (4/30/2025)
Loan type
Term loan
Collateral
Required
Business type
Partnership
Jobs supported
55
Business age
Change of Ownership
Industry
Caterers
If you were the buyer here
Est. deal size
$389K
Est. down payment (10%)
$39K
Est. cash at closing
$52K
Monthly payment
$5,325
Annual debt service
$64K
Cash flow needed (1.25×)
$80K
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 Barrington Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
AMZ Real Estate LLC in Streamwood, IL — $4.4M (2020) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
6.75% variable
Term
299 months
SBA guaranteed
$3.3M (75%)
Approval → funding
56 days
Approved
12/6/2019
First disbursed
1/31/2020
Loan status
Paid in full (4/30/2023)
Loan type
Term loan
Collateral
Not required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
9
Business age
Change of Ownership
Industry
Caterers
If you were the buyer here
Est. deal size
$4.9M
Est. down payment (10%)
$491K
Est. cash at closing
$678K
Monthly payment
$30,543
Annual debt service
$367K
Cash flow needed (1.25×)
$458K
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
The Butler Did It Inc. in Chicago, IL — $350K (2020) · purchase · Village Bank and Trust, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
84 mo (7 yrs)
SBA guaranteed
$175K (50%)
Approval → funding
65 days
Approved
3/27/2020
First disbursed
5/31/2020
Loan status
Paid in full (7/31/2021)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
100
Business age
Change of Ownership
Industry
Caterers
If you were the buyer here
Est. deal size
$389K
Est. down payment (10%)
$39K
Est. cash at closing
$52K
Monthly payment
$4,988
Annual debt service
$60K
Cash flow needed (1.25×)
$75K
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 Village Bank and Trust, National Association · Lender record →
Your business? Claim this record · Request removal

Financing a caterers deal in Illinois? Start with the right lender

We'll point you to the SBA lenders already funding your industry 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 acquisition loans to caterers businesses with a Illinois project address.

Agent summary

How to finance a caterers 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. Barrington Bank & Trust Company, National Association funds the most here. CapBench is not a lender.

$540K typical loan
3 lenders active in Illinois
4+ funded Illinois deals
56 days typical to fund

Buyers buying a caterers 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 caterers 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/caterers/illinois
API:: https://www.capbench.com/api/public/lenders?industry=caterers
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.