Lender intelligence

Financing a machine shops acquisition in Illinois

State:

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

$1.63M

Typical loan

range $250K–$2.70M

$1.81M

Est. purchase price

≈ loan ÷ 90%

$248,273

Cash to close

$180,656 down + fees

$21,039/mo

Typical payment

~9.5% · 10yr

$290,338/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

17 days

Typical time to fund

Lenders competing

more = leverage

8.29%

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 machine shops · Illinois

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

1.47 loans · $39M · Greenville, PAFull record →
2.4 loans · $3M · Libertyville, ILFull record →
3.4 loans · $1M · Stonewall, OKFull record →
4.2,539 loans · $965M · Columbus, OHFull record →
5.36 loans · $51M · Carmel, INFull record →
6.2 loans · $1M · Antioch, ILFull record →
7.16 loans · $9M · Effingham, ILFull record →

19+ funded Machine Shops 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.

NAVISTAR GLOBAL, LLC in Oak Lawn, IL — $3.3M (2025) · purchase · Merchants Bank of Indiana
Program
International Trade Loans
Subprogram
International Trade - Sec, 7(a
Rate at approval
9.75% variable
Term
168 mo (14 yrs)
SBA guaranteed
$2.9M (90%)
Approval → funding
7 days
Approved
5/21/2025
First disbursed
5/28/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
23
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$3.6M
Est. down payment (10%)
$363K
Est. cash at closing
$501K
Monthly payment
$35,682
Annual debt service
$428K
Cash flow needed (1.25×)
$535K
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
HALWIX ENTERPRISE, INC. in Wood Dale, IL — $2.8M (2025) · purchase · Libertyville Bank & Trust Company, National Association
Program
Preferred Lenders Program
Rate at approval
6.75% fixed
Term
120 mo (10 yrs)
SBA guaranteed
$2.1M (75%)
Approval → funding
41 days
Approved
2/18/2025
First disbursed
3/31/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
23
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$3.1M
Est. down payment (10%)
$309K
Est. cash at closing
$427K
Monthly payment
$31,979
Annual debt service
$384K
Cash flow needed (1.25×)
$480K
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 Libertyville Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
GMI METALWORKS LLC in Freeburg, IL — $2.5M (2025) · purchase · First American Bank
Program
Preferred Lenders Program
Rate at approval
7.68% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.8M (75%)
Approval → funding
9 days
Approved
1/22/2025
First disbursed
1/31/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
22
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$2.7M
Est. down payment (10%)
$272K
Est. cash at closing
$375K
Monthly payment
$29,313
Annual debt service
$352K
Cash flow needed (1.25×)
$440K
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
Marvel Machining Enterprises LLC in Bensenville, IL — $2.1M (2025) · purchase · The Huntington National Bank
Program
Preferred Lenders Program
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.6M (75%)
Approval → funding
17 days
Approved
12/23/2024
First disbursed
1/9/2025
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$2.3M
Est. down payment (10%)
$235K
Est. cash at closing
$323K
Monthly payment
$28,217
Annual debt service
$339K
Cash flow needed (1.25×)
$423K
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
HALWIX ENTERPRISE, INC. in Wood Dale, IL — $500K (2025) · purchase · Libertyville Bank & Trust Company, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
7.5% variable
Term
84 mo (7 yrs)
SBA guaranteed
$250K (50%)
Approval → funding
41 days
Approved
2/18/2025
First disbursed
3/31/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
23
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$556K
Est. down payment (10%)
$56K
Est. cash at closing
$74K
Monthly payment
$7,669
Annual debt service
$92K
Cash flow needed (1.25×)
$115K
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 Libertyville Bank & Trust Company, National Association · Lender record →
Your business? Claim this record · Request removal
NAVISTAR GLOBAL, LLC in Oak Lawn, IL — $300K (2025) · purchase · Merchants Bank of Indiana
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$150K (50%)
Approval → funding
8 days
Approved
5/20/2025
First disbursed
5/28/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
23
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$333K
Est. down payment (10%)
$33K
Est. cash at closing
$45K
Monthly payment
$3,923
Annual debt service
$47K
Cash flow needed (1.25×)
$59K
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
GMI METALWORKS LLC in Freeburg, IL — $250K (2025) · purchase · First American Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
8.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$125K (50%)
Approval → funding
138 days
Approved
1/22/2025
First disbursed
6/9/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
22
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$278K
Est. down payment (10%)
$28K
Est. cash at closing
$37K
Monthly payment
$3,100
Annual debt service
$37K
Cash flow needed (1.25×)
$46K
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
Marvel Machining Enterprises LLC in Bensenville, IL — $175K (2025) · purchase · The Huntington National Bank
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$88K (50%)
Approved
12/23/2024
Loan status
Committed
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
8
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$194K
Est. down payment (10%)
$19K
Est. cash at closing
$26K
Monthly payment
$2,337
Annual debt service
$28K
Cash flow needed (1.25×)
$35K
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
CROWN MACHINE, INC. in Rockford, IL — $4.5M (2024) · purchase · Midland States Bank
Program
Preferred Lenders Program
Rate at approval
10% variable
Term
120 mo (10 yrs)
SBA guaranteed
$3.3M (75%)
Approval → funding
13 days
Approved
6/15/2024
First disbursed
6/28/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
23
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$5.0M
Est. down payment (10%)
$496K
Est. cash at closing
$685K
Monthly payment
$58,939
Annual debt service
$707K
Cash flow needed (1.25×)
$884K
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 Midland States Bank · Lender record →
Your business? Claim this record · Request removal
Saliba Industries Holdings LLC in Waukegan, IL — $1.7M (2024) · purchase · First National Bank of Pennsylvania
Program
Preferred Lenders Program
Rate at approval
9.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.3M (75%)
Approval → funding
38 days
Approved
12/9/2023
First disbursed
1/16/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$1.9M
Est. down payment (10%)
$189K
Est. cash at closing
$260K
Monthly payment
$22,231
Annual debt service
$267K
Cash flow needed (1.25×)
$333K
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 National Bank of Pennsylvania · Lender record →
Your business? Claim this record · Request removal
JJT HOLDINGS, LLC in Schaumburg, IL — $1.6M (2024) · purchase · State Bank of the Lakes, National Association
Program
Preferred Lenders Program
Rate at approval
8% fixed
Term
192 mo (16 yrs)
SBA guaranteed
$1.2M (75%)
Approval → funding
33 days
Approved
9/27/2024
First disbursed
10/30/2024
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
7
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$1.8M
Est. down payment (10%)
$181K
Est. cash at closing
$248K
Monthly payment
$15,038
Annual debt service
$180K
Cash flow needed (1.25×)
$226K
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 State Bank of the Lakes, National Association · Lender record →
Your business? Claim this record · Request removal
Saliba Industries Holdings LLC in Waukegan, IL — $250K (2024) · purchase · First National Bank of Pennsylvania
Program
Preferred Lenders Program
Rate at approval
9.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$125K (50%)
Approved
12/9/2023
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$278K
Est. down payment (10%)
$28K
Est. cash at closing
$37K
Monthly payment
$3,269
Annual debt service
$39K
Cash flow needed (1.25×)
$49K
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 National Bank of Pennsylvania · Lender record →
Your business? Claim this record · Request removal
Saliba Industries Holdings LLC in Waukegan, IL — $250K (2024) · purchase · First National Bank of Pennsylvania
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$125K (50%)
Approval → funding
38 days
Approved
12/9/2023
First disbursed
1/16/2024
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
1
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$278K
Est. down payment (10%)
$28K
Est. cash at closing
$37K
Monthly payment
$3,269
Annual debt service
$39K
Cash flow needed (1.25×)
$49K
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 National Bank of Pennsylvania · Lender record →
Your business? Claim this record · Request removal
QTM HOLDINGS, LLC in Schaumburg, IL — $5.0M (2022) · purchase · Byline Bank
Program
International Trade Loans
Subprogram
International Trade - Sec, 7(a
Rate at approval
7.25% variable
Term
120 mo (10 yrs)
SBA guaranteed
$4.5M (90%)
Approval → funding
16 days
Approved
7/13/2022
First disbursed
7/29/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
19
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$5.6M
Est. down payment (10%)
$556K
Est. cash at closing
$769K
Monthly payment
$58,701
Annual debt service
$704K
Cash flow needed (1.25×)
$881K
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
Excel Machine Technology, Inc. in Elk Grove Village, IL — $2.7M (2022) · purchase · Byline Bank
Program
International Trade Loans
Subprogram
International Trade - Sec, 7(a
Rate at approval
8% variable
Term
120 mo (10 yrs)
SBA guaranteed
$2.4M (90%)
Approval → funding
5 days
Approved
9/14/2022
First disbursed
9/19/2022
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
Machine Shops
If you were the buyer here
Est. deal size
$3.0M
Est. down payment (10%)
$300K
Est. cash at closing
$414K
Monthly payment
$32,758
Annual debt service
$393K
Cash flow needed (1.25×)
$491K
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
GC Machining Solutions Corp. in Wood Dale, IL — $2.0M (2022) · purchase · Byline Bank
Program
Preferred Lenders Program
Rate at approval
6.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.5M (75%)
Approval → funding
16 days
Approved
6/21/2022
First disbursed
7/7/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Jobs supported
8
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$2.2M
Est. down payment (10%)
$219K
Est. cash at closing
$301K
Monthly payment
$22,620
Annual debt service
$271K
Cash flow needed (1.25×)
$339K
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
GLSI Holdings Inc. in Ringwood, IL — $1.4M (2022) · purchase · CenTrust Bank, A Division of SmartBiz Bank National Association
Program
7a General
Rate at approval
6% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.1M (75%)
Approved
1/10/2022
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
13
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$1.6M
Est. down payment (10%)
$158K
Est. cash at closing
$217K
Monthly payment
$15,772
Annual debt service
$189K
Cash flow needed (1.25×)
$237K
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 CenTrust Bank, A Division of SmartBiz Bank National Association · Lender record →
Your business? Claim this record · Request removal
Galactic Tool of Rockford Corporation in Rockford, IL — $818K (2022) · purchase · U.S. Bank, National Association
Program
Preferred Lenders Program
Rate at approval
5.57% fixed
Term
180 mo (15 yrs)
SBA guaranteed
$614K (75%)
Approved
1/10/2022
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$909K
Est. down payment (10%)
$91K
Est. cash at closing
$125K
Monthly payment
$6,714
Annual debt service
$81K
Cash flow needed (1.25×)
$101K
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 U.S. Bank, National Association · Lender record →
Your business? Claim this record · Request removal
Galactic Tool of Rockford Corporation in Rockford, IL — $50K (2022) · purchase · U.S. Bank, National Association
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
6.25% variable
Term
84 mo (7 yrs)
SBA guaranteed
$25K (50%)
Approval → funding
21 days
Approved
1/10/2022
First disbursed
1/31/2022
Loan status
Paid in full (3/31/2025)
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
2
Business age
Change of Ownership
Industry
Machine Shops
If you were the buyer here
Est. deal size
$56K
Est. down payment (10%)
$6K
Est. cash at closing
$7K
Monthly payment
$736
Annual debt service
$9K
Cash flow needed (1.25×)
$11K
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 U.S. Bank, National Association · Lender record →
Your business? Claim this record · Request removal

Financing a machine shops 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 machine shops businesses with a Illinois project address.

Agent summary

How to finance a machine shops 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. First National Bank of Pennsylvania funds the most here. CapBench is not a lender.

$1.1M typical loan
10 lenders active in Illinois
19+ funded Illinois deals
17 days typical to fund

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