Geography · SBA lending record
SBA lenders in Illinois
8,081 SBA 7(a) loans in the last five years, from 267 different lenders. Here is who actually lends here.
Loans, last 5 years
8,081
Lent
$4265.7M
last 5 fiscal years
Active lenders
267
wrote at least one loan
Typical loan
$200k
median approved
Default rate
3.3%
nationally 2.1%
Who lends here most
last 5 fiscal years| Lender | Loans in IL | Typical loan | Typical rate |
|---|---|---|---|
| The Huntington National Bank | 2,020 | $95k | P+2.21 |
| U.S. Bank, National Association | 584 | $45k | P+3.20 |
| Byline Bank | 357 | $838k | P+2.56 |
| JPMorgan Chase Bank, National Association | 354 | $200k | P+3.37 |
| BayFirst National Bank | 274 | $150k | P+4.20 |
| Northeast Bank | 246 | $100k | P+3.00 |
| Readycap Lending, LLC | 223 | $50k | P+4.70 |
| Newtek Bank, National Association | 212 | $214k | P+3.61 |
| Live Oak Banking Company | 172 | $718k | P+1.67 |
| Village Bank and Trust, National Association | 127 | $475k | P+0.91 |
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
Next
Compare all lenders → Check your eligibility → Find your industry →
Source SBA 7(a) FOIA
Released 2026-06-30
Basis where the project is, not where the bank is
SBA lending in other states
Ohio · 13,065Michigan · 8,935New Jersey · 8,209Pennsylvania · 8,170Georgia · 6,847Washington · 6,559Colorado · 6,188Massachusetts · 6,053
States with comparable volume, plus the three largest markets.