Quite a few Illinois-based banks were among the largest lenders to “Prairie State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top 10 SBA Lenders in Illinois:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank | Columbus, OH | 278 | $177,133 | 7.2% |
| 2 | Huntington National | Columbus, OH | 220 | $366,026 | 6.3% |
| 3 | Byline Bank | Chicago, IL | 147 | $1,115,207 | 6.7% |
| 4 | U.S. Bank | Cincinnati, OH | 130 | $292,137 | 7.3% |
| 5 | Celtic Bank | Salt Lake City, UT | 76 | $207,533 | 7.0% |
| 6 | Fifth Third Bank | Cincinnati, OH | 68 | $211,035 | 5.4% |
| 7 | Village Bank and Trust | Arlington Heights, IL | 59 | $452,576 | 5.7% |
| 8 | Independence Bank | East Greenwich, RI | 51 | $116,961 | 7.2% |
| 9 | Wells Fargo | Sioux Falls, SD | 49 | $661,055 | 6.4% |
| 10 | PNC Bank | Wilmington, DE | 40 | $228,800 | 6.8% |
| 11 | First Home Bank | Seminole, FL | 39 | $216,026 | 6.8% |
| 12 | Live Oak | Wilmington, NC | 37 | $1,347,351 | 6.6% |
| 13 | Scott CU | Edwardsville, IL | 28 | $91,818 | 7.9% |
| 14 | Newtek Small Business | Lake Success, NY | 24 | $1,045,042 | 6.8% |
| 15 | Bank of Hope | Los Angeles, CA | 23 | $136,522 | 6.3% |
| 16 | Pacific City Bank | Los Angeles, CA | 23 | $216,196 | 6.1% |
| 17 | First American Bank | Elk Grove Village, IL | 21 | $563,986 | 5.6% |
| 18 | The PrivateBank and Trust Company | Chicago, IL | 21 | $869,052 | 6.1% |
| 19 | Stearns Bank | Saint Cloud, MN | 20 | $316,540 | 6.7% |
| 20 | First Mid-Illinois Bank & Trust | Mattoon, IL | 19 | $175,842 | 5.6% |
| 21 | First Colorado National Bank | Paonia, CO | 17 | $981,324 | 6.4% |
| 22 | First Midwest Bank | Itasca, IL | 17 | $444,000 | 6.4% |
| 23 | CenTrust Bank | Northbrook, IL | 15 | $672,933 | 6.9% |
| 24 | Wintrust Bank | Chicago, IL | 15 | $500,300 | 5.5% |
| 25 | Spirit of Texas Bank | College Station, TX | 14 | $316,729 | 6.4% |
| 26 | First Savings Bank | Clarksville, IN | 13 | $1,606,246 | 6.8% |
| 27 | Citibank | Sioux Falls, SD | 12 | $177,208 | 7.5% |
| 28 | Legence Bank | Eldorado, IL | 12 | $114,275 | 5.8% |
| 29 | Peoples National Bank | Mcleansboro, IL | 12 | $366,583 | 6.0% |
| 30 | Radius Bank | Boston, MA | 12 | $1,353,625 | 6.8% |