Soul To Sole Dance, Inc.
Soul To Sole Dance, Inc. is a fine arts school in Highland Park, Illinois, classified under NAICS 611610 (Fine Arts Schools). The company was financed with an SBA 7(a) loan for a change of ownership of $1,275,000, approved on April 17, 2026 by Byline Bank.
SBA 7(a) loan, change of ownership, approved Apr 17, 2026
$1,275,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,275,000
- SBA-guaranteed amount
- $956,250 (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
- April 17, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $16,498 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 24, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 611610, Fine Arts Schools
- Project location
- Lake County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in Fine Arts Schools on this site.
- Average acquisition loan in Fine Arts Schools: $1,256,650.
- 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
- Center Stage Dance Studio, Inc., Bloomingdale
- BAMTheatre LLC, Westmont