Financing a flooring contractors acquisition in Illinois

State:

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

$336K

Typical loan

range $296K–$1.45M

$374K

Est. purchase price

≈ loan ÷ 90%

$49,979

Cash to close

$37,367 down + fees

$4,633/mo

Typical payment

~11% · 10yr

$63,935/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

24 days

Typical time to fund

Lenders competing

more = leverage

7.18%

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 flooring contractors · Illinois

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

1.2 loans · $2M · Crystal Lake, ILFull record →
2.7 loans · $11M · Mcleansboro, ILFull record →
3.12 loans · $5M · Durham, NCFull record →
4.105 loans · $164M · Brookline, MAFull record →
5.4 loans · $1M · Stonewall, OKFull record →

10+ funded Flooring Contractors 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.

SO. IL. TILE & CARPET SUPPLY, INC. in Mount Vernon, IL — $100K (2026) · purchase · Peoples National Bank National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
8.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$50K (50%)
Approved
1/13/2026
Loan status
Committed
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
10
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$111K
Est. down payment (10%)
$11K
Est. cash at closing
$14K
Monthly payment
$1,253
Annual debt service
$15K
Cash flow needed (1.25×)
$19K
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 Peoples National Bank National Association · Lender record →
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VERSAPATH FLOORING ONE LLC in Wood Dale, IL — $3.3M (2025) · purchase · Crystal Lake Bank & Trust Company, National Association
Program
Preferred Lenders Program
Rate at approval
6.5% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$2.5M (75%)
Approval → funding
36 days
Approved
9/29/2025
First disbursed
11/4/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
68
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$3.6M
Est. down payment (10%)
$364K
Est. cash at closing
$503K
Monthly payment
$37,187
Annual debt service
$446K
Cash flow needed (1.25×)
$558K
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 Crystal Lake Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
VERSAPATH FLOORING ONE LLC in Wood Dale, IL — $1.7M (2025) · purchase · Crystal Lake Bank & Trust Company, National Association
Program
Standard Asset Base Working Capital Line
Subprogram
Standard Asset Based
Rate at approval
6.5% variable
Term
24 mo (2 yrs)
SBA guaranteed
$1.3M (75%)
Approval → funding
35 days
Approved
9/29/2025
First disbursed
11/3/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
68
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$1.9M
Est. down payment (10%)
$192K
Est. cash at closing
$264K
Monthly payment
$76,842
Annual debt service
$922K
Cash flow needed (1.25×)
$1.2M
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 Crystal Lake Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
D&R DEVELOPMENT, LLC in West Chicago, IL — $1.5M (2025) · purchase · Beacon Bank and Trust
Program
Preferred Lenders Program
Rate at approval
9.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.1M (75%)
Approval → funding
21 days
Approved
5/27/2025
First disbursed
6/17/2025
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
Flooring Contractors
If you were the buyer here
Est. deal size
$1.6M
Est. down payment (10%)
$162K
Est. cash at closing
$222K
Monthly payment
$19,014
Annual debt service
$228K
Cash flow needed (1.25×)
$285K
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 Beacon Bank and Trust · Lender record →
Your business? Claim this record · Request removal
Dallia Floor and Wall Company, Inc. in Skokie, IL — $296K (2025) · purchase · Mechanics and Farmers Bank
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$222K (75%)
Approval → funding
164 days
Approved
3/10/2025
First disbursed
8/21/2025
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
Flooring Contractors
If you were the buyer here
Est. deal size
$329K
Est. down payment (10%)
$33K
Est. cash at closing
$44K
Monthly payment
$3,998
Annual debt service
$48K
Cash flow needed (1.25×)
$60K
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 Mechanics and Farmers Bank · Lender record →
Your business? Claim this record · Request removal
Eastwood Surfaces, Inc. in Addison, IL — $280K (2024) · purchase · First American Bank
Program
Preferred Lenders Program
Rate at approval
7.55% fixed
Term
60 mo (5 yrs)
SBA guaranteed
$210K (75%)
Approval → funding
24 days
Approved
8/6/2024
First disbursed
8/30/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$311K
Est. down payment (10%)
$31K
Est. cash at closing
$42K
Monthly payment
$5,617
Annual debt service
$67K
Cash flow needed (1.25×)
$84K
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 First American Bank · Lender record →
Your business? Claim this record · Request removal
M2 Management Co in Spring Grove, IL — $336K (2021) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$252K (75%)
Approval → funding
4 days
Approved
1/29/2021
First disbursed
2/2/2021
Loan status
Delinquent
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
7
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$374K
Est. down payment (10%)
$37K
Est. cash at closing
$50K
Monthly payment
$3,692
Annual debt service
$44K
Cash flow needed (1.25×)
$55K
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
M2 Management Company in Spring Grove, IL — $336K (2021) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
5.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$252K (75%)
Approved
12/2/2020
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$374K
Est. down payment (10%)
$37K
Est. cash at closing
$50K
Monthly payment
$3,692
Annual debt service
$44K
Cash flow needed (1.25×)
$55K
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
innovative flooring systems in Algonquin, IL — $327K (2020) · purchase · Wheaton Bank & Trust Company, National Association
Program
Preferred Lenders Program
Rate at approval
5.5% fixed
Term
84 mo (7 yrs)
SBA guaranteed
$245K (75%)
Approval → funding
16 days
Approved
7/15/2020
First disbursed
7/31/2020
Loan status
Paid in full (2/28/2023)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$363K
Est. down payment (10%)
$36K
Est. cash at closing
$49K
Monthly payment
$4,699
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 Wheaton Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
innovative flooring systems in Algonquin, IL — $300K (2020) · purchase · Wheaton Bank & Trust Company, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
5.25% variable
Term
84 mo (7 yrs)
SBA guaranteed
$150K (50%)
Approval → funding
16 days
Approved
7/15/2020
First disbursed
7/31/2020
Loan status
Paid in full (3/31/2022)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
6
Business age
Change of Ownership
Industry
Flooring Contractors
If you were the buyer here
Est. deal size
$333K
Est. down payment (10%)
$33K
Est. cash at closing
$45K
Monthly payment
$4,276
Annual debt service
$51K
Cash flow needed (1.25×)
$64K
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 Wheaton Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal

Financing a flooring contractors deal in Illinois? Start with the right lender

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

Agent summary

How to finance a flooring contractors 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. Crystal Lake Bank & Trust Company, National Association funds the most here. CapBench is not a lender.

$391K typical loan
7 lenders active in Illinois
10+ funded Illinois deals
24 days typical to fund

Buyers buying a flooring contractors 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 flooring contractors lenders

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-21.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/lenders/industry/flooring-contractors/illinois
API:: https://www.capbench.com/api/public/lenders?industry=flooring-contractors
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.