Offices of Dentists acquisitions in Illinois: SBA loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business classified as Offices of Dentists in Illinois, totaling $11.5M. The median loan was $573,000. That is 1.1% of the 1,779 acquisition loans in Illinois.
- Loans, FY2018-FY2026
- 19
- Median loan
- $573,000 (middle half $368,500 to $948,850)
- Top lender
- The Huntington National Bank (53%, 10 loans)
- FY2026 loans (latest complete year)
- 0
SBA lenders approved 19 7(a) loans to buy a business classified as Offices of Dentists in Illinois from FY2018-FY2026, with a median of $573,000 and a middle half of $368,500 to $948,850. The Huntington National Bank made 53% of them. FY2026 had 0 loans.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
How Offices of Dentists in Illinois compares
| Measure | Offices of Dentists in Illinois | Illinois, all industries | Offices of Dentists, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $573,000 | $650,000 | $760,000 | $645,250 |
| Middle half of loans | $368,500 to $948,850 | $300,000 to $1,551,000 | $415,400 to $1,285,000 | $283,000 to $1,465,000 |
| Average initial rate | 6.66% | 7.78% | 7.06% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 4.5% | 0.4% | 3.5% |
| Loans in sample | 19 | 1,779 | 481 | 48,902 |
The median for loans to buy dental practices in Illinois is $573,000, slightly below the $650,000 median for all Illinois acquisitions, below the $760,000 median for Offices of Dentists acquisitions nationwide and slightly below the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $368,500 to $948,850, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 6.66%, below the 7.76% national average.
Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.
Loan size distribution
| Loan size | Offices of Dentists in Illinois | All acquisitions |
|---|---|---|
| Under $350K | 26% | 30% |
| $350K to under $1M | 58% | 33% |
| $1M to under $2M | 16% | 19% |
| $2M and over | 0% | 17% |
Most loans to buy dental practices in Illinois (84%) were under $1M, and the largest single band is $350K to under $1M at 58%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
The Huntington National Bank made 53% of loans to buy dental practices in Illinois, and the top three lenders together made 68%. 1 of the 9 lenders involved made three or more. Only 1 lender has repeat experience here. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
No loans to buy dental practices in Illinois were approved in FY2025 and FY2026, the last two complete fiscal years.
Offices of Dentists acquisition loans in Illinois by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $737K | $368,500 | |
| FY2019 | 1 | $1M | $1,026,000 | |
| FY2020 | 5 | $2.6M | $552,500 | |
| FY2021 | 5 | $3.9M | $700,000 | |
| FY2022 | 1 | $932K | $932,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 5 | $2.4M | $500,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Offices of Dentists 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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 10 | 52.6% | $7.2M | |
| 2 | Hinsdale Bank & Trust Company, National Association | 2 | 10.5% | $769K | |
| 3 | Midland States Bank | 1 | 5.3% | $1M | |
| 4 | First National Bank of Omaha | 1 | 5.3% | $700K | |
| 5 | Bank of Springfield | 1 | 5.3% | $553K |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do SBA loans for Offices of Dentists acquisitions in Illinois run?
The median SBA 7(a) loan was $573,000 across 19 loans (FY2018 to FY2026). 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 Offices of Dentists acquisitions in Illinois?
The Huntington National Bank (10), Hinsdale Bank & Trust Company, National Association (2), Midland States Bank (1), First National Bank of Omaha (1), Bank of Springfield (1).
How often do Offices of Dentists 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 Offices of Dentists acquisitions in Illinois?
None of the 19 loans in this combination were recorded with a franchise brand.
How much do you need down for an SBA loan to buy a dental practice in Illinois?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy dental practices in Illinois was $573,000, and the middle half ran $368,500 to $948,850.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 0 loans to buy dental practices in Illinois in FY2025 and FY2026.
Which banks make SBA loans for a dental practice in Illinois?
By loan count, FY2018 to FY2026: The Huntington National Bank (10), Hinsdale Bank & Trust Company, National Association (2), Midland States Bank (1), First National Bank of Omaha (1), Bank of Springfield (1). The Huntington National Bank made 53% of loans to buy dental practices in Illinois. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Illinois acquisitions
- Financing one? How to get an SBA loan to buy a dental practice
- Offices of Dentists nationally
- Offices of Dentists in California
- Offices of Dentists in Ohio
- Offices of Dentists in Texas
- Offices of Dentists in Florida
- Offices of Dentists in Michigan
- Full-Service Restaurants in Illinois
- Hotels and Motels in Illinois
- Limited-Service Restaurants in Illinois
- Gasoline Stations with Convenience Stores in Illinois
- Beer, Wine, and Liquor Retailers in Illinois
- General Automotive Repair in Illinois
- Plumbing, Heating, and Air-Conditioning Contractors in Illinois
- Offices of Certified Public Accountants in Illinois
Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Offices of Dentists in Illinois: SBA acquisition loan data", https://sbaacquisitiondata.com/state/il/offices-of-dentists-621210 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/il/offices-of-dentists-621210.json.