All Other Specialty Trade Contractors acquisitions in Illinois: SBA loan data
Since FY2018, SBA lenders have approved 29 7(a) loans to buy an existing business classified as All Other Specialty Trade Contractors in Illinois, totaling $29.7M. The median loan was $750,000. That is 1.6% of the 1,779 acquisition loans in Illinois.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median All Other Specialty Trade Contractors loan in Illinois is 15% higher than the $650,000 median for all Illinois acquisitions, and 11% higher than the $673,500 median for All Other Specialty Trade Contractors acquisitions nationwide (884 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 4.2% of seasoned All Other Specialty Trade Contractors acquisition loans were charged off, and 4.5% of seasoned Illinois acquisition loans of any type.
All Other Specialty Trade Contractors acquisition loans in Illinois by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $750K | $750,000 | |
| FY2020 | 3 | $1.2M | $281,000 | |
| FY2021 | 2 | $772K | $386,150 | |
| FY2022 | 4 | $6.3M | $1,737,500 | |
| FY2023 | 5 | $8.7M | $1,488,100 | |
| FY2024 | 5 | $4.9M | $500,000 | |
| FY2025 | 7 | $6.4M | $788,400 | |
| FY2026 | 2 | $625K | $312,500 |
How often do these acquisition loans fail?
Fewer than 20 All Other Specialty Trade Contractors in Illinois acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 17.2% | $5.5M | |
| 2 | The Huntington National Bank | 5 | 17.2% | $3.4M | |
| 3 | CIBC Bank USA | 2 | 6.9% | $3M | |
| 4 | Old National Bank | 2 | 6.9% | $2.9M | |
| 5 | Beacon Bank and Trust | 2 | 6.9% | $1.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Servpro | 3 | 10.3% | $3.9M |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for All Other Specialty Trade Contractors acquisitions in Illinois run?
The median SBA 7(a) loan was $750,000 across 29 loans (FY2018 to FY2026), with the middle half between $281,000 and $1,500,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance All Other Specialty Trade Contractors acquisitions in Illinois?
Live Oak Banking Company (5), The Huntington National Bank (5), CIBC Bank USA (2), Old National Bank (2), Beacon Bank and Trust (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do All Other Specialty Trade Contractors acquisition loans fail in Illinois?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of All Other Specialty Trade Contractors acquisitions in Illinois?
3 of the 29 loans (10%) involved a franchise brand, most often Servpro (3).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.