In the heartland of America, Illinois stands as a beacon for entrepreneurial endeavors, and Small Business Administration (SBA) loans serve as catalysts for growth. As businesses seek financial support, understanding the leading lenders in the state becomes paramount. Here’s an overview of the top SBA lenders in Illinois, each contributing to the diverse landscape of local business:
Illinois Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Columbus, OH | 347 | $197,035 | 7.0% |
| 2 | U.S. Bank | Cincinnati, OH | 172 | $148,680 | 7.2% |
| 3 | Byline Bank | Chicago, IL | 92 | $1,085,575 | 6.8% |
| 4 | JPMorgan Chase Bank | Columbus, OH | 51 | $236,684 | 7.0% |
| 5 | BayFirst National Bank | Saint Petersburg, FL | 42 | $273,636 | 8.8% |
| 6 | Live Oak | Wilmington, NC | 36 | $2,094,403 | 6.8% |
| 7 | Newtek Small Business Finance | Lake Success, NY | 33 | $665,830 | 8.3% |
| 8 | Fifth Third Bank | Cincinnati, OH | 30 | $517,483 | 7.0% |
| 9 | United Midwest Savings Bank | De Graff, OH | 30 | $424,133 | 8.1% |
| 10 | Readycap Lending, LLC | Berkeley Heights, NJ | 28 | $225,911 | 8.2% |
| 11 | First Mid Bank & Trust | Mattoon, IL | 26 | $436,392 | 5.8% |
| 12 | Bank of Springfield | Springfield, IL | 25 | $159,676 | 5.1% |
| 13 | PNC Bank | Wilmington, DE | 25 | $299,784 | 6.8% |
| 14 | Bank of America | Charlotte, NC | 23 | $256,661 | 2.9% |
| 15 | Millennium Bank | Des Plaines, IL | 21 | $1,671,729 | 6.0% |
| 16 | BancorpSouth Bank | Tupelo, MS | 20 | $333,370 | 7.1% |
| 17 | Village Bank and Trust | Arlington Heights, IL | 19 | $789,937 | 5.6% |
| 18 | Celtic Bank | Salt Lake City, UT | 16 | $388,288 | 7.4% |
| 19 | First American Bank | Elk Grove Village, IL | 16 | $925,419 | 6.1% |
| 20 | Old National Bank | Evansville, IN | 15 | $1,255,460 | 5.9% |
| 21 | Midland States Bank | Effingham, IL | 14 | $691,807 | 5.3% |
| 22 | Bank of George | Las Vegas, NV | 13 | $2,685,654 | 6.5% |
| 23 | Gbank | Las Vegas, NV | 13 | $2,685,654 | 6.5% |
| 24 | Merchants Bank of Indiana | Carmel, IN | 13 | $1,933,346 | 6.9% |
| 25 | American Community Bank & Trust | Woodstock, IL | 12 | $342,758 | 5.9% |
| 26 | BMO Harris Bank | Chicago, IL | 12 | $376,025 | 6.0% |
| 27 | Busey Bank | Champaign, IL | 12 | $1,461,458 | 6.7% |
| 28 | Enterprise Bank & Trust | Clayton, MO | 12 | $702,650 | 6.2% |
| 29 | First Chatham Bank | Savannah, GA | 10 | $1,295,440 | 7.3% |
| 30 | Lending Club | Lehi, UT | 10 | $1,236,440 | 5.9% |
| 31 | Peoples National Bank | Mcleansboro, IL | 10 | $312,950 | 6.0% |
| 32 | Harvest Small Business Finance | Laguna Hills, CA | 9 | $636,111 | 7.2% |
| 33 | Bank of Belleville | Belleville, IL | 8 | $355,825 | 7.0% |
| 34 | CenterStone SBA Lending | Los Angeles, CA | 8 | $518,625 | 6.7% |
| 35 | CenTrust Bank | Northbrook, IL | 8 | $1,248,325 | 7.6% |
| 36 | First National Bank of Waterloo | Waterloo, IL | 8 | $43,750 | 5.5% |
| 37 | Hinsdale Bank & Trust Company | Hinsdale, IL | 8 | $1,635,563 | 4.7% |
| 38 | Morton Community Bank | Morton, IL | 8 | $161,188 | 5.7% |
| 39 | Wheaton Bank & Trust Company | Wheaton, IL | 8 | $460,013 | 6.9% |
| 40 | Commerce Bank | Kansas City, MO | 7 | $62,414 | 6.6% |
1. The Huntington National Bank
The Huntington National Bank, based in Columbus, OH, takes a prominent role in Illinois with 347 SBA loans. Known for a regional focus, it provides businesses with moderate-sized loans at a competitive interest rate.
2. U.S. Bank
U.S. Bank, headquartered in Cincinnati, OH, extends its services to Illinois with 172 SBA loans. With a national presence, businesses benefit from accessible financing with a moderate average interest rate.
3. Byline Bank
Byline Bank, proudly rooted in Chicago, IL, actively supports local businesses with 92 SBA loans. Specializing in substantial financing, it caters to businesses with significant funding needs at a competitive interest rate.
4. JPMorgan Chase Bank
JPMorgan Chase Bank, based in Columbus, OH, plays a crucial role in Illinois’s SBA lending landscape with 51 loans. Striking a balance between loan quantity and size, it caters to businesses with varying financial needs at a competitive interest rate.
5. BayFirst National Bank
BayFirst National Bank, despite being based in Saint Petersburg, FL, actively participates in Illinois’s SBA lending landscape. Providing 42 loans, it stands as a reliable option for businesses seeking accessible financing with a moderate interest rate.
6. Live Oak
Live Oak, headquartered in Wilmington, NC, is a notable player in Illinois’s SBA lending landscape. With a focus on high-value loans (36 loans averaging $2,094,403), it caters to businesses with substantial financing needs at a competitive interest rate.
7. Newtek Small Business Finance
Newtek Small Business Finance, headquartered in Lake Success, NY, actively engages in Illinois’s business community. With 33 loans averaging $665,830, it provides a reliable option for businesses with substantial financing needs at a competitive interest rate.
8. Fifth Third Bank
Fifth Third Bank, based in Cincinnati, OH, actively contributes to Illinois’s SBA lending landscape with 30 loans. Striking a balance between accessibility and loan size, it caters to businesses with varying financial needs at a competitive interest rate.
9. United Midwest Savings Bank
United Midwest Savings Bank, based in De Graff, OH, extends its services to Illinois with 30 loans averaging $424,133. Striking a balance between accessibility and loan size, it provides a reliable option for businesses seeking moderate financing at a competitive interest rate.
10. Readycap Lending, LLC
Readycap Lending, based in Berkeley Heights, NJ, actively engages in Illinois’s SBA lending market. Offering 28 loans averaging $225,911, it provides a balanced approach to loan quantity and size with a competitive interest rate.
In summary, Illinois businesses have a diverse array of SBA lending options, ranging from local players to nationally recognized banks. Entrepreneurs should carefully consider factors such as the lender’s regional focus, loan quantity, average loan amount, and interest rates to make informed decisions that align with their business objectives. Whether seeking smaller, more accessible loans or substantial financial support, these top SBA lenders offer valuable resources to navigate the dynamic business environment in the Land of Lincoln.
Top Industries for SBA loans in Illinois
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | General Freight Trucking, Long Distance, Truckload | 128 | $211,546 | 6.5% |
| 2 | Full-Service Restaurants | 81 | $538,147 | 6.5% |
| 3 | Hotels (except Casino Hotels) and Motels | 53 | $2,634,664 | 6.3% |
| 4 | Limited-Service Restaurants | 43 | $514,588 | 6.4% |
| 5 | General Freight Trucking, Local | 43 | $140,574 | 6.8% |
| 6 | Beauty Salons | 30 | $160,647 | 7.2% |
| 7 | Child Day Care Services | 29 | $861,714 | 6.6% |
| 8 | Landscaping Services | 28 | $235,268 | 6.8% |
| 9 | Plumbing, Heating, and Air-Conditioning Contractors | 26 | $260,508 | 7.8% |
| 10 | General Automotive Repair | 25 | $362,616 | 6.3% |
| 11 | Fitness and Recreational Sports Centers | 23 | $296,935 | 6.9% |
| 12 | Residential Remodelers | 23 | $106,222 | 7.5% |
| 13 | Insurance Agencies and Brokerages | 20 | $275,340 | 7.3% |
| 14 | All Other Specialty Trade Contractors | 19 | $496,263 | 7.0% |
| 15 | Offices of Chiropractors | 18 | $526,950 | 6.2% |
| 16 | All Other Professional, Scientific, and Technical Services | 18 | $424,372 | 6.8% |
| 17 | Offices of Dentists | 17 | $838,624 | 6.4% |
| 18 | Snack and Nonalcoholic Beverage Bars | 17 | $416,876 | 6.6% |
| 19 | Janitorial Services | 16 | $342,256 | 7.0% |
| 20 | Supermarkets and Other Grocery (except Convenience) Stores | 15 | $1,091,813 | 6.0% |
| 21 | Pet Care (except Veterinary) Services | 14 | $943,929 | 6.5% |
| 22 | Electrical Contractors | 14 | $270,321 | 6.6% |
| 23 | Couriers | 14 | $347,629 | 7.1% |
| 24 | Finish Carpentry Contractors | 13 | $100,000 | 7.5% |
| 25 | Offices of Mental Health Practitioners (except Physicians) | 13 | $517,085 | 7.3% |
| 26 | Marketing Consulting Services | 12 | $324,750 | 6.5% |
| 27 | All Other Personal Services | 11 | $450,918 | 6.8% |
| 28 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 11 | $198,327 | 5.9% |
| 29 | Home Health Care Services | 11 | $314,273 | 7.7% |
| 30 | Freight Transportation Arrangement | 10 | $510,400 | 7.0% |
| 31 | Other Personal Care Services | 10 | $382,120 | 8.3% |
| 32 | Offices of Lawyers | 10 | $207,400 | 6.2% |
| 33 | Offices of Real Estate Agents and Brokers | 9 | $84,522 | 6.7% |
| 34 | Electronic Shopping and Mail-Order Houses | 9 | $228,167 | 7.2% |
| 35 | Specialized Freight (except Used Goods) Trucking, Local | 9 | $323,278 | 7.4% |
| 36 | Poured Concrete Foundation and Structure Contractors | 9 | $174,600 | 7.1% |
| 37 | Roofing Contractors | 9 | $123,978 | 8.0% |
| 38 | Machine Shops | 9 | $1,372,000 | 7.0% |
| 39 | Computer Systems Design Services | 9 | $261,344 | 5.5% |
| 40 | Caterers | 8 | $174,425 | 7.5% |
Top SBA Loan Franchises in Illinois
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Super 8 | 9 | $2,252,244 | 6.6% |
| 2 | The UPS Store | 8 | $517,450 | 5.9% |
| 3 | Quality Inn | 5 | $2,434,600 | 7.2% |
| 4 | Jersey Mike’s | 5 | $544,040 | 7.1% |
| 5 | Sam the Concrete Man | 4 | $150,000 | 9.0% |
| 6 | Garage Force | 4 | $150,000 | 7.6% |
| 7 | Subway | 4 | $455,125 | 6.0% |
| 8 | Best Western | 4 | $2,360,350 | 5.0% |
| 9 | Comfort Suites | 4 | $3,761,500 | 7.3% |
| 10 | Wingate by Wyndham | 3 | $4,310,333 | 4.9% |
| 11 | Central Bark Doggy Day Care | 3 | $712,333 | 4.3% |
| 12 | Stretch Lab | 3 | $290,133 | 5.8% |
| 13 | Servpro | 3 | $1,291,667 | 6.8% |
| 14 | Red Roof Inn | 3 | $2,166,833 | 5.4% |
| 15 | Scooter’s Coffee | 3 | $936,967 | 6.5% |
| 16 | Days Inn | 3 | $2,978,667 | 6.8% |
| 17 | The UPS Store | 3 | $366,333 | 7.0% |
| 18 | City Wide | 2 | $70,000 | 6.8% |
| 19 | The Grounds Guys | 2 | $150,000 | 9.0% |
| 20 | Sleep Inn | 2 | $3,695,000 | 6.8% |
| 21 | Culver’s ButterBurgers & Froze | 2 | $252,500 | 6.3% |
| 22 | Rosati’s Pizza | 2 | $437,950 | 5.8% |
| 23 | Plato’s Closet | 2 | $330,000 | 7.5% |
| 24 | Handyman Connection | 2 | $150,000 | 6.0% |
| 25 | Hotworx | 2 | $195,200 | 8.5% |
| 26 | The NOW Massage | 2 | $504,500 | 7.1% |
| 27 | JDog Junk Removal & Hauling | 2 | $150,000 | 9.0% |
| 28 | Keyrenter Property Management | 2 | $150,000 | 9.8% |
| 29 | Crumbl | 2 | $584,200 | 5.5% |
| 30 | BrightStar Care | 2 | $2,500,000 | 5.4% |
| 31 | Nothing Bundt Cakes | 2 | $509,000 | 6.5% |
| 32 | Smoothie King | 2 | $1,674,700 | 4.3% |
| 33 | Express Employement Profession | 2 | $855,650 | 7.8% |
| 34 | Ramada | 2 | $1,586,000 | 6.8% |
| 35 | College Hunks Hauling Junk | 2 | $95,000 | 6.3% |
| 36 | Dryer Vent Wizard | 2 | $150,000 | 6.8% |
| 37 | Mr. Appliance | 2 | $150,000 | 9.8% |
| 38 | Primrose Schools | 2 | $5,000,000 | 6.0% |
| 39 | Huntington Learning Center | 2 | $669,500 | 7.0% |
| 40 | Kumon | 2 | $129,300 | 9.0% |
Top Illinois SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | BRIGHTSTAR CARE OF CENTRAL DUP | Wheaton, IL | Services for the Elderly and Persons with Disabilities | $2.5M – $5M | 5.4% | 304 |
| 2 | THE WORKPLACE INC. | Rockford, IL | Employment Placement Agencies | $500K – $1M | 7.0% | 286 |
| 3 | ANGELS HOMECARE SERVICES INC. | Lombard, IL | Home Health Care Services | $250K – $500K | 6.0% | 200 |
| 4 | LABRIOLA CAFE – MICHIGAN AVE L | Chicago, IL | Full-Service Restaurants | $1M – $2.5M | 7.5% | 170 |
| 5 | WASABI MANAGEMENT CO INC | O Fallon, IL | Full-Service Restaurants | $500K – $1M | 4.5% | 150 |
| 6 | VOSGES HOLDINGS LLC | Chicago, IL | Confectionery Manufacturing from Purchased Chocolate | $1M – $2.5M | 9.0% | 147 |
| 7 | LAP OF LUXURY PET RESORT INC. | Wheaton, IL | Pet Care (except Veterinary) Services | $250K – $500K | 8.6% | 146 |
| 8 | COUPER HOLDINGS LLC | Rockford, IL | Employment Placement Agencies | $250K – $500K | 7.0% | 143 |
| 9 | VISITING ANGELS ROCKFORD IL | Rockford, IL | Home Health Care Services | $250K – $500K | 9.4% | 140 |
| 10 | MATTHEW SCHIPPER INC. | Crystal Lake, IL | All Other Professional, Scientific, and Technical Services | $250K – $500K | 8.5% | 140 |
| 11 | ROZALADO & CO. | Chicago, IL | Janitorial Services | $1M – $2.5M | 5.5% | 125 |
| 12 | MAD APE LLC | Oak Brook, IL | Full-Service Restaurants | $1M – $2.5M | 4.5% | 115 |
| 13 | MAD APE LLC | Oak Brook, IL | Drinking Places (Alcoholic Beverages) | $2.5M – $5M | 5.3% | 115 |
| 14 | DMHJP GROUP LLC | Tinley Park, IL | Full-Service Restaurants | $250K – $500K | 8.3% | 112 |
| 15 | BLAC INC. | Elmhurst, IL | Industrial Machinery and Equipment Merchant Wholesalers | $1M – $2.5M | 7.6% | 110 |
| 16 | HELIX LOGISTICS LLC | Chicago, IL | Freight Transportation Arrangement | $1M – $2.5M | 5.7% | 109 |
| 17 | RANDOLPH STREET HOSPITALITY LL | Chicago, IL | Full-Service Restaurants | $1M – $2.5M | 5.0% | 101 |
| 18 | C&L TILING INC. | Timewell, IL | Plastics Pipe and Pipe Fitting Manufacturing | $250K or less | 5.8% | 100 |
| 19 | WALKER RESTORATION COMPANY | Palatine, IL | All Other Specialty Trade Contractors | $500K – $1M | 7.0% | 100 |
| 20 | LOVED ONES HOME HEALTH | Des Plaines, IL | Home Health Care Services | $1M – $2.5M | 10.0% | 100 |
| 21 | DREAM NISSAN MIDWEST LLC | Wood River, IL | New Car Dealers | $2.5M – $5M | 6.8% | 95 |
| 22 | MALVAES SOLUTIONS INCORPORATE | Chicago, IL | Wood Container and Pallet Manufacturing | $1M – $2.5M | 6.4% | 94 |
| 23 | HELPING HANDS MAID SERVICES I | Elmhurst, IL | Janitorial Services | $250K or less | 9.6% | 90 |
| 24 | A.O.K. RESTAURANT INC. | Oak Lawn, IL | Full-Service Restaurants | $500K – $1M | 7.0% | 84 |
| 25 | HJVB LLC | Lakemoor, IL | Limited-Service Restaurants | $250K – $500K | 9.8% | 83 |
| 26 | GATOR HOLDINGS GROUP LLC | La Grange, IL | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 5.0% | 80 |
| 27 | QUATRO FOODS INC | Carbondale, IL | Full-Service Restaurants | $500K – $1M | 8.3% | 80 |
| 28 | CARNICERIA LA HACIENDA NO. 5 | Chicago, IL | Supermarkets and Other Grocery (except Convenience) Stores | $500K – $1M | 5.7% | 80 |
| 29 | LITTLE POPS PIZZERIA III LLC | Lisle, IL | Limited-Service Restaurants | $500K – $1M | 6.3% | 78 |
| 30 | NORTHWESTERN MEDIVAN INC. | Chicago, IL | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | $250K or less | 8.4% | 75 |
| 31 | DA LUCIANO PIZZA & PASTA | River Grove, IL | Full-Service Restaurants | $500K – $1M | 6.0% | 70 |
| 32 | CAREERS IN NONPROFITS INC. | Chicago, IL | Employment Placement Agencies | $1M – $2.5M | 5.8% | 70 |
| 33 | ELEC-TRON OPCO LLC | Chicago, IL | Other Electronic Component Manufacturing | $1M – $2.5M | 6.0% | 65 |
| 34 | WINDY CITY LAMINATION COMPANY | Schiller Park, IL | All Other Home Furnishings Stores | $1M – $2.5M | 0.0% | 64 |
| 35 | IYA FOODS LLC | Naperville, IL | $1M – $2.5M | 5.8% | 63 | |
| 36 | US TEAM CORP. | Plainfield, IL | General Freight Trucking, Local | $250K or less | 5.7% | 60 |
| 37 | COCENTRIC LLC | Chicago, IL | Drywall and Insulation Contractors | $250K – $500K | 8.0% | 60 |
| 38 | CARNOW CONIBEAR & ASSOC. LTD | Chicago, IL | Environmental Consulting Services | $500K – $1M | 7.0% | 60 |
| 39 | VALLEY VIEW COMMERCIAL PROPERT | Divernon, IL | Structural Steel and Precast Concrete Contractors | $500K – $1M | 5.3% | 60 |
| 40 | TWO ROADS WELLNESS CLINIC LLC | Danville, IL | Offices of Mental Health Practitioners (except Physicians) | $500K – $1M | 9.1% | 60 |
| 41 | CCDF WESTMONT INC. | Westmont, IL | Full-Service Restaurants | $1M – $2.5M | 7.9% | 60 |
| 42 | LUCAS JAMES TALENT PARTNERS LL | Downers Grove, IL | Employment Placement Agencies | $1M – $2.5M | 8.0% | 60 |
| 43 | JB PLUMBING SERVICES INC | Mchenry, IL | Plumbing, Heating, and Air-Conditioning Contractors | $1M – $2.5M | 7.5% | 60 |
| 44 | GANGNAM MARKET LLC | Chicago, IL | Supermarkets and Other Grocery (except Convenience) Stores | $2.5M – $5M | 6.8% | 60 |
| 45 | THE GROOMSMAN SUIT INC. | Chicago, IL | Motion Picture Theaters (except Drive-Ins) | $500K – $1M | 8.0% | 56 |
| 46 | WINDY CITY CHOCOLATE LLC | Villa Park, IL | Chocolate and Confectionery Manufacturing from Cacao Beans | $500K – $1M | 8.3% | 56 |
| 47 | MBAS GROUP LLC | Dieterich, IL | All Other Miscellaneous Manufacturing | $1M – $2.5M | 7.8% | 56 |
| 48 | WHISK MANAGEMENT LLC | Lake Barrington, IL | Caterers | $250K – $500K | 7.3% | 55 |
| 49 | SANDBAR BAR & GRILLE INC. | Antioch, IL | Full-Service Restaurants | $2.5M – $5M | 8.3% | 55 |
| 50 | DKD3 INC. | Chicago, IL | Limited-Service Restaurants | $250K – $500K | 5.8% | 54 |
| 51 | MOOVERS CHICAGO INC. | Chicago, IL | Specialized Freight (except Used Goods) Trucking, Local | $1M – $2.5M | 9.0% | 53 |
| 52 | WESTGATE DENTAL CARE | Arlington Heights, IL | Offices of Dentists | $500K – $1M | 5.5% | 52 |
| 53 | FEATHERSTONE PERIODONTICS AND | Rockford, IL | Offices of Dentists | $500K – $1M | 4.5% | 52 |
| 54 | MONTROSE MARKET ROSELLE INC. | Roselle, IL | Supermarkets and Other Grocery (except Convenience) Stores | $2.5M – $5M | 7.5% | 52 |
| 55 | KMB FACILITY SOLUTIONS INC. | Schaumburg, IL | Janitorial Services | $250K or less | 6.8% | 50 |
| 56 | MOKENA LOT CLEANERS LLC | Frankfort, IL | Janitorial Services | $250K or less | 5.8% | 50 |
| 57 | KARILUS COOKIES-NORTH NAPERVIL | Naperville, IL | Snack and Nonalcoholic Beverage Bars | $500K – $1M | 6.0% | 50 |
| 58 | NORTHWESTERN DENTAL GROUP LTD | Niles, IL | Offices of Dentists | $1M – $2.5M | 6.0% | 50 |
| 59 | WALKER RESTORATION COMPANY | Saint Charles, IL | All Other Specialty Trade Contractors | $1M – $2.5M | 6.5% | 50 |
| 60 | COLOR BRANDS LLC | Chicago, IL | Other Grocery and Related Products Merchant Wholesalers | $2.5M – $5M | 5.5% | 50 |
| 61 | NIKO’S RED HOTS LLC | Volo, IL | Limited-Service Restaurants | $2.5M – $5M | 7.8% | 50 |
| 62 | ZDD ENTERPRISES LLC | Oak Lawn, IL | Bowling Centers | $2.5M – $5M | 9.3% | 50 |
| 63 | PATIOCONTRACT | Chicago, IL | $2.5M – $5M | 8.3% | 50 | |
| 64 | BREMER C & R JEWELRY INC. | Peoria, IL | $2.5M – $5M | 6.8% | 49 | |
| 65 | THE PARCHED PUG LLC | Libertyville, IL | Full-Service Restaurants | $250K or less | 6.0% | 48 |
| 66 | JARCK INDUSTRIES INC. | Chicago, IL | Broom, Brush, and Mop Manufacturing | $1M – $2.5M | 5.3% | 48 |
| 67 | CULVER’S- LINCOLN & PETERSON | Chicago, IL | Limited-Service Restaurants | $250K or less | 5.0% | 47 |
| 68 | PROJECT SKIN LLC | Chicago, IL | Other Personal Care Services | $500K – $1M | 7.6% | 46 |
| 69 | PLEASANT PARK LLC | Chatham, IL | Child Day Care Services | $500K – $1M | 5.3% | 45 |
| 70 | PLUS FREIGHT SYSTEMS LLC | Mchenry, IL | General Freight Trucking, Long Distance, Truckload | $250K or less | 5.2% | 44 |
| 71 | GC BY GEORGE CHARLES INC. | Chicago, IL | Beauty Salons | $250K – $500K | 3.0% | 44 |
| 72 | CARR’S P&D SERVICE INC. | Rockford, IL | Couriers | $1M – $2.5M | 6.8% | 44 |
| 73 | B & THREE W PARTNERSHIP | Paris, IL | Other Commercial and Industrial Machinery and Equipment Rental and Lea | $250K or less | 6.8% | 43 |
| 74 | GLEASON HEATING AND AIR CONDIT | Wauconda, IL | Plumbing, Heating, and Air-Conditioning Contractors | $250K or less | 6.0% | 43 |
| 75 | B & THREE W PARTNERSHIP | Paris, IL | Highway, Street, and Bridge Construction | $250K or less | 5.5% | 43 |
| 76 | JOHNSON DEVELOPMENT COMPANY L | Springfield, IL | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 4.8% | 43 |
| 77 | SMEGO LLC | Lyons, IL | General Freight Trucking, Local | $250K or less | 6.3% | 42 |
| 78 | L&R LABOR LLC | Barrington, IL | Drywall and Insulation Contractors | $250K – $500K | 7.5% | 42 |
| 79 | LAURA SAMBROOKES-MCQUADE SLPD | Naperville, IL | Offices of Physical, Occupational and Speech Therapists, and Audiologi | $250K – $500K | 6.3% | 42 |
| 80 | FOX VALLEY CHICK LLC | Batavia, IL | Limited-Service Restaurants | $500K – $1M | 7.5% | 42 |
| 81 | ALLISON’S INFANT & TODDLER CEN | Chicago, IL | Child Day Care Services | $500K – $1M | 10.1% | 41 |
| 82 | PARTH45 INC. | Joliet, IL | Limited-Service Restaurants | $1M – $2.5M | 4.3% | 41 |
| 83 | PARTH33 INC. | Tinley Park, IL | Limited-Service Restaurants | $1M – $2.5M | 4.3% | 41 |
| 84 | BEER ON THE WALL LLC | Park Ridge, IL | Beer, Wine, and Liquor Stores | $250K or less | 6.0% | 40 |
| 85 | SRIKARA FOODS INC | Schaumburg, IL | Full-Service Restaurants | $250K or less | 7.8% | 40 |
| 86 | HARLEM STREET DEVELOPMENT LLC | Norridge, IL | Limited-Service Restaurants | $250K or less | 6.3% | 40 |
| 87 | CULVER’S OF ZION | Zion, IL | Limited-Service Restaurants | $250K – $500K | 7.5% | 40 |
| 88 | LOVE BRIA INC. | Hamilton, IL | Limited-Service Restaurants | $500K – $1M | 7.3% | 40 |
| 89 | 143 W 154TH ST LLC | South Holland, IL | General Line Grocery Merchant Wholesalers | $2.5M – $5M | 6.8% | 40 |
| 90 | SYCAMORE HOSPITALITY LLC | Sycamore, IL | Hotels (except Casino Hotels) and Motels | $2.5M – $5M | 4.8% | 40 |
| 91 | ECOMPUTER INC. | Elmhurst, IL | Computer and Computer Peripheral Equipment and Software Merchant Whole | $2.5M – $5M | 5.0% | 40 |
| 92 | VDS HOLDING LLC | Chicago, IL | Data Processing, Hosting, and Related Services | $2.5M – $5M | 8.3% | 39 |
| 93 | KT HVAC PROS LLC | Mount Prospect, IL | Plumbing, Heating, and Air-Conditioning Contractors | $250K or less | 6.0% | 38 |
| 94 | LID LAUNCH LLC | Collinsville, IL | Apparel Accessories and Other Apparel Manufacturing | $250K – $500K | 4.3% | 38 |
| 95 | PAVEMENT SYSTEMS INC | Blue Island, IL | All Other Specialty Trade Contractors | $250K – $500K | 6.0% | 38 |
| 96 | KING’S FOOD PRODUCTS INC. | Belleville, IL | Other Grocery and Related Products Merchant Wholesalers | $500K – $1M | 8.5% | 38 |
| 97 | AUTISM BEHAVIORAL & EDUCATION | Geneva, IL | Offices of Mental Health Practitioners (except Physicians) | $500K – $1M | 9.3% | 38 |
| 98 | FOREFRONT STRUCTURAL ENGINEERS | Chicago, IL | Other Heavy and Civil Engineering Construction | $500K – $1M | 5.5% | 38 |
| 99 | 4 GUYS KITCHEN LLC | Dekalb, IL | Full-Service Restaurants | $1M – $2.5M | 8.0% | 38 |
| 100 | T’AMOR HAIR SALON CORP | Chicago, IL | Beauty Salons | $1M – $2.5M | 7.5% | 38 |
Note about SBA lenders near me in Illinois
When it comes to top Illinois SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Illinois preferred lender list, 2) approved lenders in Illinois, or 3) active participants in the Illinois SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Illinois swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Illinois, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.