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SBA lenders in Chicago, IL

SBA 7(a) and 504 loans to businesses in Chicago (Cook County), October 2021 to June 30, 2026 · Updated October 15, 2026
2,376
SBA loans approved
$1.2B
Total approved
$200,350
Median loan
135
Lenders active
27%
To startups

2,376 SBA loans worth $1.2B went to businesses in Chicago, IL between October 2021 and June 2026, from 135 lenders. Huntington National Bank made the most, 596 loans. The median loan was $200,350, compared with $231,000 across Illinois, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Chicago

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
596$124.7M$87,30038%
2U.S. Bank
Bank · Cincinnati, OH
169$26.7M$40,00031%
3Small Business Growth
Certified development company · Springfield, IL
142$144.5M$745,5006%
4SomerCor 504
Certified development company · Chicago, IL
128$99.2M$495,00012%
5Northeast Bank
Bank · Portland, ME
120$17.8M$107,45011%
6Byline Bank
Bank · Chicago, IL
113$119.9M$745,00032%
7JPMorgan Chase Bank
Bank · Columbus, OH
107$27.3M$217,0009%
8Newtek Bank
Bank · Miami, FL
91$37.0M$157,50026%
9Readycap Lending
Non-bank lender · Berkeley Heights, NJ
72$18.0M$50,00015%
10BayFirst National Bank
Bank · St. Petersburg, FL
71$10.7M$150,0003%
11Fifth Third Bank
Bank · Cincinnati, OH
46$18.7M$147,50024%
12Old National Bank
Bank · Evansville, IN
37$36.3M$439,70046%
13Village Bank and Trust
Bank · Arlington Heights, IL
34$26.5M$500,00024%
14PNC Bank
Bank · Wilmington, DE
32$5.3M$50,00025%
15Harvest Small Business Finance
Non-bank lender · Laguna Hills, CA
31$29.5M$573,70019%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Chicago. For 504 loans the lender shown is the certified development company.

What gets financed in Chicago

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels363
15%
$336,000Huntington National Bank
Professional and technical services304
13%
$152,650Huntington National Bank
Other services (repair, personal care)301
13%
$200,000Huntington National Bank
Retail241
10%
$275,000Huntington National Bank
Health care and social assistance234
10%
$184,000Huntington National Bank
Construction184
8%
$120,500Huntington National Bank
Transportation and warehousing153
6%
$80,000Huntington National Bank
Manufacturing140
6%
$350,000Huntington National Bank
Loan size mix
  • Under $150,00038%
  • $150,000 to $500,00033%
  • $500,000 to $2 million23%
  • $2 million and up6%
Compared with Illinois
Median loan, Chicago
$200,350
Median loan, Illinois
$231,000
Startup share, Chicago
27%
Startup share, Illinois
27%
Share of state's SBA loans
20.2%

SBA loans per fiscal year in Chicago

0233467700FY14: 422 loansFY14FY15: 496 loansFY15FY16: 482 loansFY16FY17: 472 loansFY17FY18: 491 loansFY18FY19: 479 loansFY19FY20: 352 loansFY20FY21: 392 loansFY21FY22: 416 loansFY22FY23: 456 loansFY23FY24: 558 loansFY24FY25: 656 loansFY25656FY26 (Oct to Jun): 290 loansFY26290
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.