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.
Who lends here most
last 5 fiscal years| Lender | Loans in IL | Typical loan | Median 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.
SBA 504 lending in Illinois
504 FOIA recordA 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Illinois, and how they have performed.
CDCs most active in Illinois
- Small Business Growth Corporation — 3,064 loans
- SomerCor 504, Inc. — 2,009 loans
- Rockford Local Development Corporation — 253 loans
- Regional Development Company — 53 loans
- St. Charles County Economic Development Council — 13 loans
- WBD, Inc. — 7 loans
Most-financed here: Full-Service Restaurants, Offices of Lawyers, Offices of Physicians, General Automotive Repair.
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SBA lending in other states
States with comparable volume, plus the three largest markets.