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Home » News » Top SBA Lenders – SBA Loans Illinois

Top SBA Lenders – SBA Loans Illinois

Published by sbalenders On February 26, 2020

Last annual update: Feb 7, 2021

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Top Illinois PPP lenders (loans <$150,000)

RankBank# PPP Loans
1JPMorgan Chase Bank19,870
2Cross River Bank13,965
3Kabbage12,915
4BMO Harris Bank National Association8,073
5Bank of America7,334
6Fifth Third Bank7,267
7U.S. Bank7,179
8Celtic Bank Corporation7,097
9First Midwest Bank4,421
10WebBank4,133

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 SBA Lenders in Illinois:

Most active SBA lenders in Illinois

Chicago

State RankBankBank Headquarters# of LoansAvg LoanAvg Interest
1U.S. BankCincinnati, OH312$175,1198.0%
2The Huntington National BankColumbus, OH254$175,0457.2%
3JPMorgan Chase BankColumbus, OH158$207,1418.8%
4Byline BankChicago, IL121$988,8487.9%
5Fifth Third BankCincinnati, OH47$106,2198.7%
6First Home BankSaint Petersburg, FL45$194,5788.0%
7PNC BankWilmington, DE43$168,4798.1%
8United Midwest Savings BankDe Graff, OH34$503,6478.0%
9Newtek Small Business FinanceLake Success, NY32$1,019,5788.1%
10Independence BankEast Greenwich, RI32$141,4065.7%
11Wells FargoSioux Falls, SD28$572,8717.2%
12Stearns BankSaint Cloud, MN27$372,7528.1%
13Bank of HopeLos Angeles, CA24$100,7967.7%
14Live OakWilmington, NC23$1,265,0876.9%
15CenTrust BankNorthbrook, IL23$1,128,0008.1%
16Celtic BankSalt Lake City, UT20$1,564,9807.6%
17Midland States BankEffingham, IL20$1,364,1507.3%
18Hinsdale Bank & Trust CompanyHinsdale, IL18$656,7066.3%
19First American BankElk Grove Village, IL17$637,9416.1%
20First Mid Bank & TrustMattoon, IL17$162,1006.9%

 

  Traditional small biz loan inquiry  

  Apply online for a PPP loan today   

PPP loan activity data: CARES Act from March – August 2020. Does not include 2021 PPP loans.

Categories: News Tags: Illinois
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Copyright 2021. All rights reserved. Note: We are not part of or affiliated with the Small Business Administration or U.S. Government.
Note: We are not part of or affiliated with the Small Business Administration or U.S. Government.

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Top SBA Lenders - SBA Loans Illinois