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SBA lenders in Niles, IL

SBA 7(a) and 504 loans to businesses in Niles (Cook County), October 2021 to June 30, 2026 · Updated October 15, 2026
68
SBA loans approved
$32.3M
Total approved
$141,000
Median loan
26
Lenders active
18%
To startups

68 SBA loans worth $32.3M went to businesses in Niles, IL between October 2021 and June 2026, from 26 lenders. Huntington National Bank made the most, 26 loans. The median loan was $141,000, compared with $231,000 across Illinois, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Niles

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
26$2.3M$59,95012%
2SNB Bank
Bank · Shattuck, OK
4$2.3M$215,3000%
3SomerCor 504
Certified development company · Chicago, IL
4$2.2M$417,00025%
4JPMorgan Chase Bank
Bank · Columbus, OH
4$1.7M$290,00025%
5Bank of Hope
Bank · Los Angeles, CA
3$779K$179,0000%
6Readycap Lending
Non-bank lender · Berkeley Heights, NJ
3$535K$150,00033%
7Small Business Growth
Certified development company · Springfield, IL
2$6.3M$3,145,0000%
8Old National Bank
Bank · Evansville, IN
2$1.9M$931,4500%
9Fifth Third Bank
Bank · Cincinnati, OH
2$450K$225,0000%
10Woori America Bank
Bank · New York, NY
2$436K$218,000100%
11First Merchants Bank
Bank · Muncie, IN
1$3.2M$3,200,000100%
12Live Oak Banking
Bank · Wilmington, NC
1$1.9M$1,940,0000%
13Hanover Community Bank
Bank · Garden City Park, NY
1$1.9M$1,879,0000%
14First Internet Bank of Indiana
Bank · Fishers, IN
1$1.8M$1,791,0000%
15Truliant FCU
Credit union · Winston-Salem, NC
1$1.6M$1,647,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Niles. For 504 loans the lender shown is the certified development company.

What gets financed in Niles

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels12
18%
$275,000Huntington National Bank
Transportation and warehousing12
18%
$47,500Huntington National Bank
Health care and social assistance9
13%
$120,500SNB Bank
Retail7
10%
$250,000Huntington National Bank
Construction6
9%
$164,000Huntington National Bank
Other services (repair, personal care)5
7%
$96,200Huntington National Bank
Wholesale trade5
7%
$150,000Bank of Hope
Professional and technical services4
6%
$52,000Readycap Lending
Loan size mix
  • Under $150,00050%
  • $150,000 to $500,00025%
  • $500,000 to $2 million22%
  • $2 million and up3%
Compared with Illinois
Median loan, Niles
$141,000
Median loan, Illinois
$231,000
Startup share, Niles
18%
Startup share, Illinois
27%
Share of state's SBA loans
0.6%

SBA loans per fiscal year in Niles

071320FY14: 11 loansFY14FY15: 13 loansFY15FY16: 14 loansFY16FY17: 15 loansFY17FY18: 9 loansFY18FY19: 13 loansFY19FY20: 9 loansFY20FY21: 4 loansFY21FY22: 17 loansFY2217FY23: 12 loansFY23FY24: 15 loansFY24FY25: 16 loansFY25FY26 (Oct to Jun): 8 loansFY268
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.