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SBA loans are the best kept secret of the small business community. Small business loans in Chicago are available courtesy of the programs offered by the Small Business Administration. The loans are sanctioned by banks themselves, the SBA’s role is only limited to providing guarantees for the loans.
We strive to find impactful financing solutions to your need for capital. SbaLenders.com works with leading SBA lenders in Chicago to help small businesses in virtually every industry secure financing to pursue their business goals.
Whether you need a Chicago small business loan for acquiring real estate, purchasing equipment and machinery or even meeting working capital needs, these top Chicago SBA lenders will get you sorted:
| Rank | Chicago Lender | Headquarters | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Huntington Bank | Columbus, OH | 88 | $178,695 | 5.5% |
| 2 | First American Bank | Elk Grove Village, IL | 44 | $904,227 | 4.5% |
| 3 | U.S. Bank | Cincinnati, OH | 26 | $200,265 | 6.0% |
| 4 | Byline Bank | Chicago, IL | 17 | $888,118 | 5.9% |
| 5 | Village Bank | Arlington Heights, IL | 11 | $680,818 | 4.8% |
| 6 | Harvest Small Business Finance | Laguna Hills, CA | 10 | $1,124,400 | 5.8% |
| 7 | Newtek Small Business Finance | Lake Success, NY | 10 | $727,400 | 6.0% |
| 8 | Millennium Bank | Des Plaines, IL | 9 | $794,233 | 5.0% |
Connect me to a Chicago lender!
Tip: Your search for “business loans near me” or “SBA loans near me in Chicago” may not have yielded the required results. Let us help you expand your horizons. SbaLenders.com connects you to local and nationwide SBA lenders that can quickly provide SBA loans for your business with attractive terms and repayment schedules.