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SBA lenders in Mundelein, IL

SBA 7(a) and 504 loans to businesses in Mundelein (Lake County), October 2021 to June 30, 2026 · Updated October 16, 2026
58
SBA loans approved
$23.6M
Total approved
$150,000
Median loan
16
Lenders active
29%
To startups

58 SBA loans worth $23.6M went to businesses in Mundelein, IL between October 2021 and June 2026, from 16 lenders. Huntington National Bank made the most, 24 loans. The median loan was $150,000, compared with $231,000 across Illinois, and manufacturing was the most financed industry.

Most active SBA lenders in Mundelein

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
24$5.4M$135,05029%
2Small Business Growth
Certified development company · Springfield, IL
5$4.4M$927,0000%
3BayFirst National Bank
Bank · St. Petersburg, FL
5$950K$150,0000%
4U.S. Bank
Bank · Cincinnati, OH
5$169K$30,00040%
5Byline Bank
Bank · Chicago, IL
4$2.4M$435,00050%
6SomerCor 504
Certified development company · Chicago, IL
2$2.4M$1,197,00050%
7Libertyville Bank & Trust Company
Bank · Libertyville, IL
2$413K$206,50050%
8Newtek Bank
Bank · Miami, FL
2$350K$175,0000%
9Northeast Bank
Bank · Portland, ME
2$220K$110,0000%
10Milestone Bank
Bank · Salt Lake City, UT
1$3.6M$3,594,000100%
11First Bank of the Lake
Bank · Osage Beach, MO
1$1.9M$1,851,000100%
12Merchants Bank of Indiana
Bank · Carmel, IN
1$900K$899,800100%
13VelocitySBA
Non-bank lender · Irving, TX
1$327K$327,000100%
14Heritage Bank
Bank · Burlington, KY
1$150K$150,0000%
15Newtek Small Business Finance
Non-bank lender · Lake Success, NY
1$80K$80,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Mundelein. For 504 loans the lender shown is the certified development company.

What gets financed in Mundelein

IndustryLoansShareMedian loanMost active lender
Manufacturing8
14%
$201,500Byline Bank
Restaurants and hotels8
14%
$123,100Huntington National Bank
Wholesale trade8
14%
$202,250Huntington National Bank
Retail7
12%
$150,000U.S. Bank
Transportation and warehousing7
12%
$135,000Huntington National Bank
Health care and social assistance5
9%
$250,000Huntington National Bank
Professional and technical services3
5%
$409,000Huntington National Bank
Construction3
5%
$25,000U.S. Bank
Loan size mix
  • Under $150,00038%
  • $150,000 to $500,00041%
  • $500,000 to $2 million19%
  • $2 million and up2%
Compared with Illinois
Median loan, Mundelein
$150,000
Median loan, Illinois
$231,000
Startup share, Mundelein
29%
Startup share, Illinois
27%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Mundelein

071320FY14: 8 loansFY14FY15: 12 loansFY15FY16: 4 loansFY16FY17: 10 loansFY17FY18: 8 loansFY18FY19: 11 loansFY19FY20: 3 loansFY20FY21: 8 loansFY21FY22: 8 loansFY22FY23: 12 loansFY23FY24: 11 loansFY24FY25: 18 loansFY2518FY26 (Oct to Jun): 9 loansFY269
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.