Financing a convenience stores acquisition in Illinois

State:

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

$810K

Typical loan

range $270K–$810K

$900K

Est. purchase price

≈ loan ÷ 90%

$123,413

Cash to close

$90,000 down + fees

$10,481/mo

Typical payment

~9.5% · 10yr

$144,638/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

10 days

Typical time to fund

Lenders competing

more = leverage

5.25%

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 convenience stores · Illinois

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

Not enough public convenience stores loan history in Illinois to rank lenders yet. See convenience stores lenders nationwide →

2+ funded Convenience Stores 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.

RH Champaign 2 Smoothie LLC in Yorkville, IL — $810K (2020) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$608K (75%)
Approval → funding
10 days
Approved
8/18/2020
First disbursed
8/28/2020
Loan status
Paid in full (5/31/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
28
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$900K
Est. down payment (10%)
$90K
Est. cash at closing
$123K
Monthly payment
$8,691
Annual debt service
$104K
Cash flow needed (1.25×)
$130K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
RH CWE Smoothie LLC in Yorkville, IL — $270K (2020) · purchase · Live Oak Banking Company
Program
Preferred Lenders Program
Rate at approval
5.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$203K (75%)
Approval → funding
10 days
Approved
8/18/2020
First disbursed
8/28/2020
Loan status
Paid in full (10/31/2025)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
28
Business age
Change of Ownership
Industry
Convenience Stores
If you were the buyer here
Est. deal size
$300K
Est. down payment (10%)
$30K
Est. cash at closing
$40K
Monthly payment
$2,897
Annual debt service
$35K
Cash flow needed (1.25×)
$43K
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 Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal

Financing a convenience stores 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.

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

Agent summary

How to finance a convenience stores 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. CapBench is not a lender.

$578K typical loan
1 lenders active in Illinois
2+ funded Illinois deals
10 days typical to fund

Buyers buying a convenience stores 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 convenience stores lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-18.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/industry/convenience-stores/illinois
API:: https://www.capbench.com/api/public/lenders?industry=convenience-stores
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.