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SBA lenders in Frankfort, IL

SBA 7(a) and 504 loans to businesses in Frankfort (Will County), October 2021 to June 30, 2026 · Updated October 15, 2026
56
SBA loans approved
$20.6M
Total approved
$147,050
Median loan
21
Lenders active
34%
To startups

56 SBA loans worth $20.6M went to businesses in Frankfort, IL between October 2021 and June 2026, from 21 lenders. Huntington National Bank made the most, 17 loans. The median loan was $147,050, compared with $231,000 across Illinois, and transportation and warehousing was the most financed industry.

Most active SBA lenders in Frankfort

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
17$2.9M$50,00047%
2Small Business Growth
Certified development company · Springfield, IL
4$2.4M$464,0000%
3JPMorgan Chase Bank
Bank · Columbus, OH
4$866K$259,5000%
4Northeast Bank
Bank · Portland, ME
4$614K$134,60025%
5Wells Fargo Bank
Bank · Sioux Falls, SD
3$338K$15,000100%
6BayFirst National Bank
Bank · St. Petersburg, FL
3$336K$150,0000%
7U.S. Bank
Bank · Cincinnati, OH
3$170K$50,00067%
8Hinsdale Bank & Trust Company
Bank · Hinsdale, IL
2$3.8M$1,876,5000%
9Fifth Third Bank
Bank · Cincinnati, OH
2$568K$284,25050%
10Stearns Bank
Bank · St. Cloud, MN
2$425K$212,5000%
11Readycap Lending
Non-bank lender · Berkeley Heights, NJ
2$156K$78,00050%
12Millennium Bank
Bank · Des Plaines, IL
1$4.7M$4,675,0000%
13SomerCor 504
Certified development company · Chicago, IL
1$990K$990,0000%
14American Community Bank & Trust
Bank · Woodstock, IL
1$875K$875,0000%
15Byline Bank
Bank · Chicago, IL
1$485K$485,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Frankfort. For 504 loans the lender shown is the certified development company.

What gets financed in Frankfort

IndustryLoansShareMedian loanMost active lender
Transportation and warehousing13
23%
$46,700Huntington National Bank
Administrative and support services8
14%
$137,550Huntington National Bank
Professional and technical services7
12%
$50,000BayFirst National Bank
Construction6
11%
$70,000U.S. Bank
Health care and social assistance5
9%
$375,000Busey Bank
Arts, entertainment and recreation4
7%
$411,500Small Business Growth
Other services (repair, personal care)4
7%
$325,500Huntington National Bank
Manufacturing3
5%
$250,000Hinsdale Bank & Trust Company
Loan size mix
  • Under $150,00050%
  • $150,000 to $500,00038%
  • $500,000 to $2 million9%
  • $2 million and up4%
Compared with Illinois
Median loan, Frankfort
$147,050
Median loan, Illinois
$231,000
Startup share, Frankfort
34%
Startup share, Illinois
27%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Frankfort

071320FY14: 6 loansFY14FY15: 10 loansFY15FY16: 5 loansFY16FY17: 3 loansFY17FY18: 5 loansFY18FY19: 8 loansFY19FY20: 5 loansFY20FY21: 16 loansFY2116FY22: 13 loansFY22FY23: 9 loansFY23FY24: 13 loansFY24FY25: 16 loansFY25FY26 (Oct to Jun): 5 loansFY265
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.