11,759 SBA loans worth $6.7B went to Illinois businesses between October 2021 and June 2026, from 298 lenders. Huntington National Bank made the most 7(a) loans, 2,644 or 26% of the state's total, and the ten most active lenders made 60%. The median 7(a) loan was $174,000, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 14% of loans. Annual loan count rose 39% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 2,644 | $530.1M | $82,550 | 34% | Transportation and warehousing |
| 2 | U.S. Bank Bank · Cincinnati, OH | 749 | $143.2M | $45,000 | 34% | Construction |
| 3 | Northeast Bank Bank · Portland, ME | 548 | $87.2M | $132,000 | 9% | Transportation and warehousing |
| 4 | Byline Bank Bank · Chicago, IL | 438 | $569.4M | $872,500 | 35% | Retail |
| 5 | JPMorgan Chase Bank Bank · Columbus, OH | 416 | $103.2M | $200,000 | 7% | Construction |
| 6 | Newtek Bank Bank · Miami, FL | 409 | $159.9M | $200,000 | 20% | Restaurants and hotels |
| 7 | BayFirst National Bank Bank · St. Petersburg, FL | 297 | $49.3M | $150,000 | 1% | Professional and technical services |
| 8 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 269 | $74.4M | $50,000 | 12% | Professional and technical services |
| 9 | Live Oak Banking Bank · Wilmington, NC | 202 | $272.4M | $655,000 | 25% | Health care and social assistance |
| 10 | Fifth Third Bank Bank · Cincinnati, OH | 151 | $61.9M | $100,000 | 19% | Transportation and warehousing |
| 11 | PNC Bank Bank · Wilmington, DE | 150 | $35.7M | $50,000 | 29% | Construction |
| 12 | Village Bank and Trust Bank · Arlington Heights, IL | 145 | $94.3M | $400,000 | 30% | Restaurants and hotels |
| 13 | Bank of Springfield Bank · Springfield, IL | 136 | $27.5M | $100,000 | 46% | Administrative and support services |
| 14 | Bank of America Bank · Charlotte, NC | 130 | $53.4M | $292,500 | 22% | Transportation and warehousing |
| 15 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 124 | $27.5M | $171,350 | 1% | Transportation and warehousing |
| 16 | Celtic Bank Bank · Salt Lake City, UT | 120 | $47.8M | $150,000 | 18% | Health care and social assistance |
| 17 | Old National Bank Bank · Evansville, IN | 111 | $131.0M | $550,000 | 42% | Manufacturing |
| 18 | CenTrust Bank, A Division of SmartBiz Bank Bank · Northbrook, IL | 95 | $74.1M | $380,000 | 20% | Restaurants and hotels |
| 19 | United Midwest Savings Bank Bank · Degraff, OH | 91 | $30.5M | $150,000 | 86% | Administrative and support services |
| 20 | Millennium Bank Bank · Des Plaines, IL | 87 | $187.9M | $1,832,000 | 20% | Restaurants and hotels |
| 21 | Midland States Bank Bank · Effingham, IL | 87 | $45.7M | $314,000 | 41% | Restaurants and hotels |
| 22 | Busey Bank Bank · Champaign, IL | 82 | $97.2M | $807,500 | 28% | Professional and technical services |
| 23 | St. Charles Bank & Trust Company Bank · St. Charles, IL | 81 | $48.4M | $400,000 | 28% | Restaurants and hotels |
| 24 | First Mid Bank & Trust Bank · Mattoon, IL | 80 | $27.0M | $201,000 | 42% | Restaurants and hotels |
| 25 | Harvest Small Business Finance Non-bank lender · Laguna Hills, CA | 79 | $75.7M | $533,000 | 33% | Restaurants and hotels |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Small Business Growth Springfield, IL | 857 | $862.6M | $653,000 |
| 2 | SomerCor 504 Chicago, IL | 555 | $577.1M | $585,000 |
| 3 | Rockford Local Development Rockford, IL | 43 | $36.8M | $516,000 |
| 4 | Wessex 504 Arlington Heights, IL | 22 | $20.6M | $441,500 |
| 5 | Regional Development Valparaiso, IN | 19 | $16.4M | $681,000 |
| 6 | Illinois Business Financial Services Peoria, IL | 7 | $7.1M | $286,000 |
| 7 | Rural Missouri Jefferson City, MO | 4 | $7.7M | $1,545,500 |
| 8 | E.C.I.A. Business Growth Dubuque, IA | 3 | $1.4M | $400,000 |
| 9 | St. Charles County Economic Development Council St. Charles, MO | 2 | $5.2M | $2,596,500 |
| 10 | WBD Madison, WI | 2 | $4.9M | $2,438,500 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 1,658 | $373,000 | Huntington National Bank | |
| Transportation and warehousing | 1,343 | $98,000 | Huntington National Bank | |
| Construction | 1,296 | $150,000 | Huntington National Bank | |
| Other services (repair, personal care) | 1,201 | $222,500 | Huntington National Bank | |
| Retail | 1,125 | $305,000 | Huntington National Bank | |
| Health care and social assistance | 1,088 | $250,000 | Huntington National Bank | |
| Professional and technical services | 1,003 | $200,000 | Huntington National Bank | |
| Manufacturing | 856 | $432,000 | Small Business Growth | |
| Administrative and support services | 563 | $170,000 | Huntington National Bank | |
| Wholesale trade | 481 | $300,000 | Huntington National Bank | |
| Arts, entertainment and recreation | 452 | $326,100 | Huntington National Bank | |
| Real estate and rental | 233 | $250,000 | Huntington National Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Chicago | 2,367 | $1.2B | $200,000 | Huntington National Bank |
| Naperville | 290 | $130.2M | $220,750 | Huntington National Bank |
| Schaumburg | 199 | $142.9M | $239,000 | Huntington National Bank |
| Aurora | 167 | $100.7M | $220,000 | Huntington National Bank |
| Des Plaines | 143 | $75.2M | $150,000 | Huntington National Bank |
| Elk Grove Village | 143 | $106.7M | $350,000 | Huntington National Bank |
| Elgin | 141 | $100.4M | $300,000 | Huntington National Bank |
| Springfield | 136 | $53.8M | $191,050 | Bank of Springfield |
| Rockford | 125 | $82.4M | $203,000 | Huntington National Bank |
| Plainfield | 124 | $46.6M | $149,250 | Huntington National Bank |
| Arlington Heights | 120 | $68.4M | $205,000 | Huntington National Bank |
| St. Charles | 109 | $69.7M | $370,000 | Small Business Growth |
| Palatine | 107 | $63.4M | $200,000 | Huntington National Bank |
| Skokie | 102 | $54.9M | $294,650 | Huntington National Bank |
| Glenview | 99 | $49.5M | $246,000 | Huntington National Bank |
125 Illinois cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.