35 SBA loans worth $23.3M went to businesses in Morton Grove, IL between October 2021 and June 2026, from 16 lenders. Huntington National Bank made the most, 9 loans. The median loan was $300,000, compared with $231,000 across Illinois, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 9 | $1.0M | $26,000 | 11% |
| 2 | Small Business Growth Certified development company · Springfield, IL | 6 | $4.8M | $436,000 | 17% |
| 3 | Millennium Bank Bank · Des Plaines, IL | 2 | $5.3M | $2,632,000 | 0% |
| 4 | Byline Bank Bank · Chicago, IL | 2 | $2.1M | $1,051,000 | 0% |
| 5 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 2 | $1.0M | $500,000 | 50% |
| 6 | First Bank of the Lake Bank · Osage Beach, MO | 2 | $603K | $301,500 | 100% |
| 7 | Northeast Bank Bank · Portland, ME | 2 | $350K | $175,000 | 0% |
| 8 | U.S. Bank Bank · Cincinnati, OH | 2 | $300K | $150,000 | 50% |
| 9 | Fifth Third Bank Bank · Cincinnati, OH | 1 | $2.0M | $2,000,000 | 0% |
| 10 | Citizens Bank Bank · Elizabethton, TN | 1 | $1.8M | $1,780,800 | 0% |
| 11 | 22nd State Bank, A Division of 22nd State Banking Bank · Mobile, AL | 1 | $1.3M | $1,340,400 | 0% |
| 12 | SomerCor 504 Certified development company · Chicago, IL | 1 | $1.0M | $1,025,000 | 0% |
| 13 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $1.0M | $1,000,000 | 0% |
| 14 | Newtek Bank Bank · Miami, FL | 1 | $310K | $310,000 | 0% |
| 15 | JPMorgan Chase Bank Bank · Columbus, OH | 1 | $250K | $250,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 9 | $700,000 | Byline Bank | |
| Restaurants and hotels | 6 | $724,850 | Millennium Bank | |
| Construction | 5 | $250,000 | Huntington National Bank | |
| Wholesale trade | 5 | $522,000 | Small Business Growth | |
| Transportation and warehousing | 4 | $31,900 | Huntington National Bank | |
| Other services (repair, personal care) | 3 | $1,780,800 | Huntington National Bank | |
| Health care and social assistance | 2 | $317,500 | Huntington National Bank | |
| Professional and technical services | 1 | $317,000 | First Bank of the Lake |