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Skokie BC Inc.

Skokie, IL · Limited-Service Restaurants · NAICS 722513

Skokie BC Inc. is a limited-service restaurant business in Skokie, Illinois, classified under NAICS code 722513. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,005,000, approved on January 29, 2026, through Byline Bank.

SBA 7(a) loan, change of ownership, approved Jan 29, 2026

$1,005,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,005,000
SBA-guaranteed amount
$753,750 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
January 29, 2036 (estimated, approval date plus term)
Estimated monthly payment
$13,004 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 6, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Bonchon
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 52% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • Average acquisition loan in Illinois: $1,796,780.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Illinois