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SBA lenders in Wheeling, IL

SBA 7(a) and 504 loans to businesses in Wheeling (Cook County), October 2021 to June 30, 2026 · Updated October 15, 2026
78
SBA loans approved
$52.1M
Total approved
$350,000
Median loan
24
Lenders active
19%
To startups

78 SBA loans worth $52.1M went to businesses in Wheeling, IL between October 2021 and June 2026, from 24 lenders. Huntington National Bank made the most, 20 loans. The median loan was $350,000, compared with $231,000 across Illinois, and manufacturing was the most financed industry.

Most active SBA lenders in Wheeling

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
20$4.4M$150,00040%
2Small Business Growth
Certified development company · Springfield, IL
10$7.6M$686,0000%
3JPMorgan Chase Bank
Bank · Columbus, OH
8$3.0M$225,0000%
4SomerCor 504
Certified development company · Chicago, IL
5$4.9M$891,0000%
5Village Bank and Trust
Bank · Arlington Heights, IL
4$3.0M$400,00025%
6Bank of America
Bank · Charlotte, NC
4$822K$134,6000%
7U.S. Bank
Bank · Cincinnati, OH
3$2.5M$762,0000%
8Libertyville Bank & Trust Company
Bank · Libertyville, IL
3$1.1M$433,00033%
9Byline Bank
Bank · Chicago, IL
2$5.8M$2,900,0000%
10Merchants Bank of Indiana
Bank · Carmel, IN
2$3.1M$1,555,350100%
11CenTrust Bank, A Division of SmartBiz Bank
Bank · Northbrook, IL
2$1.6M$802,5000%
12Newtek Bank
Bank · Miami, FL
2$1.5M$750,0000%
13Union National Bank
Bank · Elgin, IL
2$552K$275,7500%
14Live Oak Banking
Bank · Wilmington, NC
1$3.2M$3,200,0000%
15City National Bank
Bank · Los Angeles, CA
1$3.0M$2,950,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Wheeling. For 504 loans the lender shown is the certified development company.

What gets financed in Wheeling

IndustryLoansShareMedian loanMost active lender
Manufacturing17
22%
$616,000Small Business Growth
Transportation and warehousing12
15%
$149,100Huntington National Bank
Restaurants and hotels10
13%
$455,500Huntington National Bank
Construction10
13%
$275,750Village Bank and Trust
Professional and technical services7
9%
$1,461,000Byline Bank
Retail6
8%
$225,000SomerCor 504
Administrative and support services5
6%
$211,000Merchants Bank of Indiana
Wholesale trade5
6%
$671,000Small Business Growth
Loan size mix
  • Under $150,00022%
  • $150,000 to $500,00033%
  • $500,000 to $2 million36%
  • $2 million and up9%
Compared with Illinois
Median loan, Wheeling
$350,000
Median loan, Illinois
$231,000
Startup share, Wheeling
19%
Startup share, Illinois
27%
Share of state's SBA loans
0.7%

SBA loans per fiscal year in Wheeling

0102030FY14: 10 loansFY14FY15: 15 loansFY15FY16: 9 loansFY16FY17: 4 loansFY17FY18: 13 loansFY18FY19: 21 loansFY1921FY20: 11 loansFY20FY21: 14 loansFY21FY22: 16 loansFY22FY23: 15 loansFY23FY24: 16 loansFY24FY25: 21 loansFY25FY26 (Oct to Jun): 10 loansFY2610
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.