141 SBA loans worth $100.4M went to businesses in Elgin, IL between October 2021 and June 2026, from 42 lenders. Huntington National Bank made the most, 22 loans. The median loan was $300,000, compared with $231,000 across Illinois, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 22 | $2.9M | $101,250 | 27% |
| 2 | Small Business Growth Certified development company · Springfield, IL | 14 | $16.6M | $879,500 | 0% |
| 3 | SomerCor 504 Certified development company · Chicago, IL | 10 | $9.9M | $851,000 | 20% |
| 4 | U.S. Bank Bank · Cincinnati, OH | 9 | $643K | $50,000 | 11% |
| 5 | Newtek Bank Bank · Miami, FL | 8 | $5.0M | $275,000 | 0% |
| 6 | St. Charles Bank & Trust Company Bank · St. Charles, IL | 7 | $2.5M | $250,000 | 43% |
| 7 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 6 | $1.7M | $307,500 | 0% |
| 8 | Live Oak Banking Bank · Wilmington, NC | 5 | $6.6M | $640,000 | 0% |
| 9 | Byline Bank Bank · Chicago, IL | 4 | $10.5M | $1,992,500 | 50% |
| 10 | Village Bank and Trust Bank · Arlington Heights, IL | 4 | $3.8M | $787,500 | 25% |
| 11 | Schaumburg Bank & Trust Company Bank · Schaumburg, IL | 3 | $5.0M | $1,000,000 | 0% |
| 12 | American Community Bank & Trust Bank · Woodstock, IL | 3 | $3.3M | $500,000 | 0% |
| 13 | United Midwest Savings Bank Bank · Degraff, OH | 3 | $1.2M | $250,000 | 100% |
| 14 | Celtic Bank Bank · Salt Lake City, UT | 3 | $835K | $150,000 | 0% |
| 15 | FWBank Bank · Chicago, IL | 2 | $3.7M | $1,837,250 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 19 | $300,000 | Village Bank and Trust | |
| Transportation and warehousing | 17 | $115,000 | Huntington National Bank | |
| Manufacturing | 16 | $518,500 | Schaumburg Bank & Trust Company | |
| Professional and technical services | 16 | $175,000 | Huntington National Bank | |
| Restaurants and hotels | 13 | $350,000 | SomerCor 504 | |
| Other services (repair, personal care) | 13 | $200,000 | Live Oak Banking | |
| Administrative and support services | 12 | $272,500 | Small Business Growth | |
| Retail | 10 | $200,000 | St. Charles Bank & Trust Company |