SBA 7(a) loans in Illinois
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
6,009loans approved
$175,000median loan
$62K–$500Kmiddle half of loans
$3.1Btotal approved
10%median initial rate
10 yrsmedian term
The median Illinois loan is 0% larger than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| General Freight Trucking, Long-Distance, Truckload (484121) | 340 | $90,000 |
| Full-Service Restaurants (722511) | 336 | $250,000 |
| Limited-Service Restaurants (722513) | 197 | $326,600 |
| Residential Remodelers (236118) | 150 | $77,000 |
| General Freight Trucking, Local (484110) | 133 | $50,000 |
| Fitness and Recreational Sports Centers (713940) | 117 | $325,000 |
| General Automotive Repair (811111) | 113 | $250,000 |
| Child Day Care Services (624410) | 110 | $305,000 |
| Hotels (except Casino Hotels) and Motels (721110) | 95 | $2,630,000 |
| Snack and Nonalcoholic Beverage Bars (722515) | 94 | $298,750 |
Most active lenders in Illinois
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 1,476 | $86,000 | $314.0M |
| U.S. Bank, National Association | 483 | $48,000 | $108.4M |
| JPMorgan Chase Bank, National Association | 264 | $200,000 | $70.1M |
| Northeast Bank | 260 | $120,750 | $39.1M |
| Byline Bank | 240 | $958,000 | $310.0M |
| Newtek Bank, National Association | 235 | $200,000 | $76.7M |
| Readycap Lending, LLC | 195 | $50,000 | $57.8M |
| Bayfirst National Bank | 159 | $150,000 | $21.9M |
| Live Oak Banking Company | 149 | $510,000 | $175.9M |
| Lendistry Sblc, LLC | 125 | $182,700 | $27.8M |
SBA 504 loans in Illinois
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
771504 loans approved
$624,000median CDC portion
$846.2Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Illinois
| Lender | Loans | Median | Total |
|---|---|---|---|
| Small Business Growth Corporation | 434 | $698,000 | $472.8M |
| Somercor 504, INC. | 285 | $585,000 | $317.5M |
| Rockford Local Development Corporation | 24 | $457,000 | $15.5M |
| Regional Development Company | 12 | $471,000 | $10.5M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.