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SBA lenders in Grayslake, IL

SBA 7(a) and 504 loans to businesses in Grayslake (Lake County), October 2021 to June 30, 2026 · Updated October 15, 2026
35
SBA loans approved
$24.0M
Total approved
$425,000
Median loan
21
Lenders active
29%
To startups

35 SBA loans worth $24.0M went to businesses in Grayslake, IL between October 2021 and June 2026, from 21 lenders. U.S. Bank made the most, 6 loans. The median loan was $425,000, compared with $231,000 across Illinois, and other services (repair, personal care) was the most financed industry.

Most active SBA lenders in Grayslake

#LenderLoansApprovedMedian loanTo startups
1U.S. Bank
Bank · Cincinnati, OH
6$3.0M$45,00067%
2Huntington National Bank
Bank · Columbus, OH
5$722K$148,0000%
3State Bank of the Lakes
Bank · Antioch, IL
4$4.6M$945,0000%
4Byline Bank
Bank · Chicago, IL
2$4.7M$2,350,0000%
5Live Oak Banking
Bank · Wilmington, NC
2$2.1M$1,050,00050%
6CenTrust Bank, A Division of SmartBiz Bank
Bank · Northbrook, IL
1$2.5M$2,500,0000%
7Readycap Lending
Non-bank lender · Berkeley Heights, NJ
1$1.8M$1,799,400100%
8Stearns Bank
Bank · St. Cloud, MN
1$995K$995,0000%
9First Internet Bank of Indiana
Bank · Fishers, IN
1$530K$530,000100%
10Town Bank
Bank · Hartland, WI
1$500K$500,000100%
11Small Business Growth
Certified development company · Springfield, IL
1$468K$468,0000%
12Pan American Bank & Trust
Bank · Melrose Park, IL
1$450K$450,000100%
13First National Bank of Pennsylvania
Bank · Greenville, PA
1$425K$425,000100%
14Centerstone SBA Lending
Non-bank lender · Los Angeles, CA
1$350K$350,0000%
15SomerCor 504
Certified development company · Chicago, IL
1$217K$217,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Grayslake. For 504 loans the lender shown is the certified development company.

What gets financed in Grayslake

IndustryLoansShareMedian loanMost active lender
Other services (repair, personal care)13
37%
$468,000U.S. Bank
Construction6
17%
$102,750Huntington National Bank
Restaurants and hotels3
9%
$450,000First National Bank of Pennsylvania
Health care and social assistance3
9%
$530,000U.S. Bank
Transportation and warehousing2
6%
$1,074,700Centerstone SBA Lending
Professional and technical services2
6%
$150,000Colony Bank
Administrative and support services1
3%
$90,000JPMorgan Chase Bank
Arts, entertainment and recreation1
3%
$66,000Huntington National Bank
Loan size mix
  • Under $150,00031%
  • $150,000 to $500,00029%
  • $500,000 to $2 million29%
  • $2 million and up11%
Compared with Illinois
Median loan, Grayslake
$425,000
Median loan, Illinois
$231,000
Startup share, Grayslake
29%
Startup share, Illinois
27%
Share of state's SBA loans
0.3%

SBA loans per fiscal year in Grayslake

071320FY14: 12 loansFY14FY15: 9 loansFY15FY16: 11 loansFY16FY17: 8 loansFY17FY18: 8 loansFY18FY19: 5 loansFY19FY20: 7 loansFY20FY21: 15 loansFY2115FY22: 8 loansFY22FY23: 6 loansFY23FY24: 7 loansFY24FY25: 12 loansFY25FY26 (Oct to Jun): 2 loansFY262
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.