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Illinois Business Financial Services logo

Illinois Business Financial Services

Listed
Direct business lender for sBA 504 loans and commercial real estate loansPeoria, IllinoisBased in Illinois; service area not yet provided
BBLL 000434Listed Nov 2026From public recordsLast checked Nov 1, 2026
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About

Illinois Business Financial Services provides SBA 504 fixed-asset financing in partnership with a conventional lender.

Direct business lender. Directly funds business financing; products and terms depend on the lender.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

SBA 504 loansCommercial real estate loansEquipment financing
General small business
From the lender's own site and public records.

A second look at Illinois Business Financial Services

Illinois Business Financial Services provides SBA 504 fixed-asset financing in partnership with a conventional lender.

IBFS is a nonprofit CDC providing the SBA 504 portion with a participating commercial lender.

Published by Levr, not by Illinois Business Financial Services. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked November 1, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

SBA 504

Uses
Eligible projects include commercial real estate acquisition, construction and capital machinery, including eligible project soft costs.
Structure
A typical project combines 50% bank financing, 40% IBFS financing and at least 10% borrower equity.
Term
The CDC portion offers 10-, 20- or 25-year terms with interest fixed for its life; ordinary working capital is excluded.

Provider sources: Official SBA 504 programme · Official small business loans

When it may fit

Our assessment of the published programs

  • Illinois businesses buying eligible owner-used property or long-life machinery.

What to weigh carefully

  • Confirm current refinance rules directly; some site descriptions use older temporary-program wording.
  • Bank pricing, SBA eligibility and additional equity requirements are separate from the advertised CDC structure.

Questions before you accept an offer

  1. What is the required equity and eligible project budget?
  2. Which current refinance provisions apply?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Growth Corp

Growth Corp offers another Illinois SBA 504 comparison.

SomerCor

SomerCor provides Illinois SBA 504 financing; compare project eligibility and processing.

The lender

Type
Direct business lender
Legal name
Not yet provided Add it
Founded
1981
Charter
Not yet provided Add it
Headquarters
Peoria, Illinois
Service area
Based in Illinois; service area not yet provided
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
Not yet provided Add it
Also lends to consumers
Not yet provided Add it
Website
ibfs.org
LinkedIn
Not yet provided Add it

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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