Grand Ridge National Bank Forever Yogurt FC SBA Loans in Illinois — 3 Funded
Illinois loan data 2014–2014 · Updated June 2026
Grand Ridge National Bank has funded 3 SBA loans to Forever Yogurt FC franchisees in Illinois, totaling $945K in approved financing across 2 cities and 2 congressional districts.
The average Forever Yogurt FC loan in Illinois from Grand Ridge National Bank is $315K at a 6% average interest rate, with terms averaging 112 months. The Illinois default rate is 0% based on 3 resolved loans. Illinois represents 100.0% of Grand Ridge National Bank's total Forever Yogurt FC lending nationally. These loans collectively support 25 Illinois jobs. SBA-guaranteed portion totals $709K (75% of approved volume).
Looking to fund a Forever Yogurt FC franchise in Illinois?
Grand Ridge National Bank is one of 2+ lenders who have funded Forever Yogurt FC in Illinois. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
Grand Ridge National Bank Forever Yogurt FC Loan Performance in Illinois
Based on 3 SBA loans originated by Grand Ridge National Bank for Forever Yogurt FC franchisees with Illinois addresses, the Illinois-specific lending relationship spans 2014–2014. Of 3 resolved Illinois loans, 3 were paid in full and 0 resulted in chargeoffs.
The Illinois loan size range extends from $295K to $350K, indicating Grand Ridge National Bank funds both smaller single-unit Forever Yogurt FC operations and larger multi-unit or renovation projects in Illinois. Each loan supports an average of 8 jobs in the local economy, and the portfolio collectively supports 25 Illinois jobs. Most Illinois Forever Yogurt FC loans from Grand Ridge National Bank are classified under "Limited-Service Restaurants" (NAICS).
Recent activity: Grand Ridge National Bank has originated 0 Forever Yogurt FC Illinois loans in the last 2 fiscal years. The most recent Forever Yogurt FC Illinois approval recorded is from FY2015. Note: lack of recent activity may indicate Grand Ridge National Bank has paused, slowed, or exited Forever Yogurt FC Illinois lending — borrowers should verify current appetite directly.
SBA guarantee profile: The SBA-guaranteed portion of Grand Ridge National Bank's Forever Yogurt FC Illinois loans averages 75% of approved volume, totaling $709K in federally-backed exposure. 7(a) loans typically carry a 75-85% guarantee, so a higher percentage suggests a smaller-loan/SBA Express mix; lower suggests larger PLP deals where the lender retains more risk.
The 0% Illinois default rate is a strong indicator of loan quality. This suggestsGrand Ridge National Bank has effective underwriting standards for Forever Yogurt FC deals in Illinois and/or Illinois Forever Yogurt FC franchisees have strong unit economics that support debt service. For prospective Illinois borrowers, this is an encouraging signal — Grand Ridge National Bankunderstands the Forever Yogurt FC business model in this market and has a track record of successful outcomes here.
SBA Programs Used for Forever Yogurt FC Loans in Illinois
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 3 | $315K | 6% | 112 mo |
Forever Yogurt FC Loan Size Distribution from Grand Ridge National Bank in Illinois
How Grand Ridge National Bank's Forever Yogurt FC Illinois loan sizes break down by deal size. Useful for sizing your own deal: where do most Illinois Forever Yogurt FC approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of Illinois Loans |
|---|---|---|---|
| $150K-$350K | 2 | $298K | 67% |
| $350K-$750K | 1 | $350K | 33% |
How Grand Ridge National Bank Originates Forever Yogurt FC Loans in Illinois
SBA delivery method matters: Preferred Lenders Program (PLP) closes 2-3 weeks faster than General Processing because the lender holds full credit authority. Grand Ridge National Bank uses 2 different Illinois delivery methods for Forever Yogurt FC:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| Small Loan Advantage Initiative | 2 | $323K |
| 7a General | 1 | $300K |
Where in Illinois Grand Ridge National Bank Funds Forever Yogurt FC Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Chicago | 2 | $298K | $595K | 0% — Low Risk |
| Homewood | 1 | $350K | $350K | 0% — Low Risk |
Grand Ridge National Bank's strongest Forever Yogurt FC lending presence in Illinois is concentrated in Chicago (2 loans), Homewood (1 loans).
Grand Ridge National Bank Forever Yogurt FC Lending in Illinois Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2015 | 1 | $300K | $300K | 6% |
| 2014 | 2 | $323K | $645K | 6% |
Other Lenders That Fund Forever Yogurt FC in Illinois
Grand Ridge National Bank is not the only lender funding Forever Yogurt FC in Illinois. Compare 1 other banks who have originated Forever Yogurt FC SBA loans to Illinois borrowers.
| Lender | Illinois Loans | Avg Size | Default Rate |
|---|---|---|---|
| Grand Ridge National Bank (this page) | 3 | $315K | 0% — Low Risk |
| Byline Bank | 5 | $335K | 0% — Low Risk |
Other Franchises Grand Ridge National Bank Funds in Illinois
Grand Ridge National Bank is active in Illinois franchise lending beyond Forever Yogurt FC. Other Illinois franchise brands they have funded:
How to Get an SBA Loan for a Forever Yogurt FC Franchise in Illinois
If you're considering a Forever Yogurt FC franchise in Illinois and want to finance through Grand Ridge National Bank or another SBA lender, here's what you need to know based on our analysis of 3 historical Illinois loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Forever Yogurt FC's franchise fee and total investment determine minimum capital requirements.
Compare Illinois Lenders
2 lenders have funded Forever Yogurt FC in Illinois. Lenders with more local Forever Yogurt FC experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches Illinois borrowers with lenders who have a proven track record funding Forever Yogurt FC in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on Illinois historical data: The average Forever Yogurt FC SBA loan from Grand Ridge National Bank in Illinois is $315K with a 6% interest rate and a 112-month term.Illinois loan amounts range from $295K to $350K.
Ready to Fund Your Forever Yogurt FC Franchise in Illinois?
We connect you with lenders who have already funded Forever Yogurt FC in Illinois — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.