Supermarkets and Other Grocery Retailers acquisitions in Illinois: SBA loan data
Since FY2018, SBA lenders have approved 23 7(a) loans to buy an existing business classified as Supermarkets and Other Grocery Retailers in Illinois, totaling $32.5M. The median loan was $1,000,000. That is 1.3% of the 1,779 acquisition loans in Illinois.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How this compares
The median Supermarkets and Other Grocery Retailers loan in Illinois is 54% higher than the $650,000 median for all Illinois acquisitions, and 58% higher than the $634,600 median for Supermarkets and Other Grocery Retailers acquisitions nationwide (465 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 3.9% of seasoned Supermarkets and Other Grocery Retailers acquisition loans were charged off, and 4.5% of seasoned Illinois acquisition loans of any type.
Supermarkets and Other Grocery Retailers acquisition loans in Illinois by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $1M | $1,000,000 | |
| FY2020 | 3 | $4.3M | $1,470,000 | |
| FY2021 | 4 | $2.2M | $347,500 | |
| FY2022 | 5 | $7.7M | $1,492,000 | |
| FY2023 | 1 | $785K | $785,000 | |
| FY2024 | 2 | $5.7M | $2,862,850 | |
| FY2025 | 5 | $7.5M | $413,000 | |
| FY2026 | 2 | $3.3M | $1,663,000 |
How often do these acquisition loans fail?
Fewer than 20 Supermarkets and Other Grocery Retailers 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 | Byline Bank | 4 | 17.4% | $9.7M | |
| 2 | Bank of Belleville | 2 | 8.7% | $2.2M | |
| 3 | Bank of Springfield | 2 | 8.7% | $658K | |
| 4 | The Huntington National Bank | 2 | 8.7% | $360K | |
| 5 | First Merchants Bank | 1 | 4.3% | $4.3M |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for Supermarkets and Other Grocery Retailers acquisitions in Illinois run?
The median SBA 7(a) loan was $1,000,000 across 23 loans (FY2018 to FY2026), with the middle half between $308,150 and $1,847,700. 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 Supermarkets and Other Grocery Retailers acquisitions in Illinois?
Byline Bank (4), Bank of Belleville (2), Bank of Springfield (2), The Huntington National Bank (2), First Merchants Bank (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Supermarkets and Other Grocery Retailers 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 Supermarkets and Other Grocery Retailers acquisitions in Illinois?
None of the 23 loans in this combination were recorded with a franchise brand.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Illinois acquisitions
- Supermarkets and Other Grocery Retailers nationally
- Supermarkets and Other Grocery Retailers in California
- Supermarkets and Other Grocery Retailers in Washington
- Supermarkets and Other Grocery Retailers in Michigan
- Supermarkets and Other Grocery Retailers in New York
- Supermarkets and Other Grocery Retailers in Ohio
- 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 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.