UniBank Waterstation SBA Loans in Illinois — 4 Funded
Illinois loan data 2020–2020 · Updated June 2026
UniBank has funded 4 SBA loans to Waterstation franchisees in Illinois, totaling $2.5M in approved financing across 3 cities and 3 congressional districts.
The average Waterstation loan in Illinois from UniBank is $629K at a 6% average interest rate, with terms averaging 120 months. The Illinois default rate is 0% based on 2 resolved loans. Illinois represents 5.1% of UniBank's total Waterstation lending nationally. These loans collectively support 4 Illinois jobs. SBA-guaranteed portion totals $1.9M (75% of approved volume).
How Illinois Compares to UniBank's National Waterstation Lending
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UniBank Waterstation Loan Performance in Illinois
Based on 4 SBA loans originated by UniBank for Waterstation franchisees with Illinois addresses, the Illinois-specific lending relationship spans 2020–2020. Of 2 resolved Illinois loans, 2 were paid in full and 0 resulted in chargeoffs.
The Illinois loan size range extends from $210K to $1.7M, indicating UniBank funds both smaller single-unit Waterstation operations and larger multi-unit or renovation projects in Illinois. Each loan supports an average of 1 jobs in the local economy, and the portfolio collectively supports 4 Illinois jobs. Most Illinois Waterstation loans from UniBank are classified under "Vending Machine Operators" (NAICS).
Recent activity: UniBank has originated 0 Waterstation Illinois loans in the last 2 fiscal years and 4 since fiscal year 2020. The most recent Waterstation Illinois approval recorded is from FY2021. Note: lack of recent activity may indicate UniBank has paused, slowed, or exited Waterstation Illinois lending — borrowers should verify current appetite directly.
SBA guarantee profile: The SBA-guaranteed portion of UniBank's Waterstation Illinois loans averages 75% of approved volume, totaling $1.9M 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 suggestsUniBank has effective underwriting standards for Waterstation deals in Illinois and/or Illinois Waterstation franchisees have strong unit economics that support debt service. For prospective Illinois borrowers, this is an encouraging signal — UniBankunderstands the Waterstation business model in this market and has a track record of successful outcomes here.
SBA Programs Used for Waterstation Loans in Illinois
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 4 | $629K | 6% | 120 mo |
Waterstation Loan Size Distribution from UniBank in Illinois
How UniBank's Waterstation Illinois loan sizes break down by deal size. Useful for sizing your own deal: where do most Illinois Waterstation approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of Illinois Loans |
|---|---|---|---|
| $150K-$350K | 3 | $267K | 75% |
| Over $1.5M | 1 | $1.7M | 25% |
How UniBank Originates Waterstation 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. UniBank uses 1 different Illinois delivery methods for Waterstation:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| Preferred Lenders Program | 4 | $629K |
Where in Illinois UniBank Funds Waterstation Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Aurora | 2 | $296K | $592K | 0% — Low Risk |
| Naperville | 1 | $210K | $210K | 0% — Low Risk |
| Decatur | 1 | $1.7M | $1.7M | N/A |
UniBank's strongest Waterstation lending presence in Illinois is concentrated in Aurora (2 loans), Naperville (1 loans), Decatur (1 loans).
UniBank Waterstation Lending in Illinois Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2021 | 2 | $296K | $592K | 6% |
| 2020 | 2 | $961K | $1.9M | 6% |
Other Lenders That Fund Waterstation in Illinois
UniBank is not the only lender funding Waterstation in Illinois. Compare 1 other banks who have originated Waterstation SBA loans to Illinois borrowers.
| Lender | Illinois Loans | Avg Size | Default Rate |
|---|---|---|---|
| UniBank (this page) | 4 | $629K | 0% — Low Risk |
| Celtic Bank Corporation | 2 | $1.3M | N/A |
UniBank Waterstation Lending in Other States
UniBank has also funded Waterstation franchisees in 8 other states. View state-specific data:
How to Get an SBA Loan for a Waterstation Franchise in Illinois
If you're considering a Waterstation franchise in Illinois and want to finance through UniBank or another SBA lender, here's what you need to know based on our analysis of 4 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.Waterstation's franchise fee and total investment determine minimum capital requirements.
Compare Illinois Lenders
2 lenders have funded Waterstation in Illinois. Lenders with more local Waterstation 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 Waterstation 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 Waterstation SBA loan from UniBank in Illinois is $629K with a 6% interest rate and a 120-month term.Illinois loan amounts range from $210K to $1.7M.
Ready to Fund Your Waterstation Franchise in Illinois?
We connect you with lenders who have already funded Waterstation in Illinois — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.