Main Street Registry

Yummy Bowl Springfield IL LLC

Springfield, IL · Full-Service Restaurants · NAICS 722511

Yummy Bowl Springfield IL LLC is a full-service restaurant business located in Springfield, Illinois, classified under the industry Full-Service Restaurants. The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,821,000, with VelocitySBA, LLC as the lender and an approval date of May 19, 2026.

SBA 7(a) loan, change of ownership, approved May 19, 2026

$2,821,000 approvedLender: VelocitySBA, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,821,000
SBA-guaranteed amount
$2,115,750 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
May 19, 2051 (estimated, approval date plus term)
Estimated monthly payment
$22,242 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 3, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Sangamon County, IL
SBA district office
Illinois District Office
Congressional district
IL-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 91% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois