Best SBA 7(a) lenders in Illinois
The top SBA 7(a) lenders in Illinois by loan volume are The Huntington National Bank, U.S. Bank, National Association, Byline Bank. Between FY2020 and Q1 FY2026 (2025-12-31), 12,451 SBA 7(a) loans totaling $6.55B were approved for businesses located in Illinois. Average loan size: $526K.
Top 15 SBA lenders in Illinois
| # | Lender | Loans in IL | Total $ |
|---|---|---|---|
| 1 | The Huntington National Bank | 2,931 | $542.7M |
| 2 | U.S. Bank, National Association | 870 | $155.3M |
| 3 | Byline Bank | 615 | $755.9M |
| 4 | JPMorgan Chase Bank, National Association | 506 | $118.5M |
| 5 | Northeast Bank | 481 | $74.5M |
| 6 | BayFirst National Bank | 335 | $58.6M |
| 7 | Newtek Bank, National Association | 312 | $138.8M |
| 8 | Readycap Lending, LLC | 250 | $72.4M |
| 9 | Live Oak Banking Company | 237 | $322.9M |
| 10 | Village Bank and Trust, National Association | 224 | $141.0M |
| 11 | Cadence Bank | 188 | $98.3M |
| 12 | PNC Bank, National Association | 183 | $55.0M |
| 13 | Fifth Third Bank | 180 | $71.7M |
| 14 | Bank of Springfield | 154 | $34.6M |
| 15 | First Mid Bank & Trust, National Association | 153 | $47.9M |
Top industries funded in Illinois
| NAICS | Industry | Loans |
|---|---|---|
| 484121 | General Freight Trucking, Long Distance, Truckload | 782 |
| 722511 | Full-Service Restaurants | 696 |
| 722513 | Limited-Service Restaurants | 449 |
| 484110 | General Freight Trucking, Local | 333 |
| 236118 | Residential Remodelers | 269 |
| 713940 | Fitness and Recreational Sports Centers | 233 |
| 624410 | Child Day Care Services | 232 |
| 721110 | Hotels (except Casino Hotels) and Motels | 216 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 201 |
| 811111 | General Automotive Repair | 188 |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to project state = IL.