Last annual update:
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:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | Huntington National | Columbus, OH | 245 | $238,290 | 7.0% |
| 2 | JPMorgan Chase Bank | Columbus, OH | 197 | $125,415 | 8.3% |
| 3 | U.S. Bank | Cincinnati, OH | 154 | $170,488 | 8.2% |
| 4 | Byline Bank | Chicago, IL | 146 | $1,072,573 | 7.5% |
| 5 | PNC Bank | Wilmington, DE | 63 | $243,841 | 8.1% |
| 6 | Independence Bank | East Greenwich, RI | 61 | $122,131 | 6.8% |
| 7 | Fifth Third Bank | Cincinnati, OH | 54 | $164,787 | 7.1% |
| 8 | Celtic Bank | Salt Lake City, UT | 52 | $214,746 | 7.5% |
| 9 | Village Bank and Trust | Arlington Heights, IL | 47 | $452,757 | 6.3% |
| 10 | First Home Bank | Seminole, FL | 42 | $242,762 | 7.8% |
| 11 | Wells Fargo | Sioux Falls, SD | 39 | $365,333 | 7.2% |
| 12 | Newtek Small Business | Lake Success, NY | 33 | $638,209 | 7.6% |
| 13 | Live Oak | Wilmington, NC | 28 | $1,235,036 | 6.7% |
| 14 | First American Bank | Elk Grove Village, IL | 25 | $495,432 | 6.2% |
| 15 | Bank of Hope | Los Angeles, CA | 24 | $65,283 | 7.4% |
| 16 | CenTrust Bank | Northbrook, IL | 24 | $1,370,313 | 7.5% |
| 17 | Stearns Bank | Saint Cloud, MN | 24 | $367,817 | 7.6% |
| 18 | CIBC Bank USA | Chicago, IL | 23 | $786,122 | 7.0% |
| 19 | United Midwest Savings Bank | De Graff, OH | 21 | $146,571 | 7.7% |
| 20 | HomeStar Bank | Manteno, IL | 21 | $1,640,038 | 7.0% |
| 21 | First Mid Bank & Trust | Mattoon, IL | 21 | $300,900 | 6.3% |
| 22 | Citibank | Sioux Falls, SD | 19 | $62,579 | 7.7% |
| 23 | First Colorado National Bank | Paonia, CO | 19 | $1,006,979 | 7.0% |
| 24 | Millennium Bank | Des Plaines, IL | 18 | $1,495,817 | 6.3% |
| 25 | First Mid-Illinois Bank & Trust | Mattoon, IL | 17 | $260,871 | 5.7% |
| 26 | Associated Bank | Green Bay, WI | 16 | $61,975 | 6.1% |
| 27 | Pacific City Bank | Los Angeles, CA | 14 | $341,071 | 6.8% |
| 28 | Peoples National Bank | Mcleansboro, IL | 13 | $182,500 | 6.3% |
| 29 | Five Star Bank | Rocklin, CA | 12 | $231,250 | 7.6% |
| 30 | Seacoast National Bank | Stuart, FL | 12 | $207,500 | 7.7% |
| 31 | Signature Bank | Rosemont, IL | 12 | $325,633 | 6.0% |
| 32 | Bank of America | Charlotte, NC | 11 | $446,673 | 6.4% |
| 33 | Community First Bank of the Heartland | Mount Vernon, IL | 11 | $459,727 | 6.6% |
| 34 | Busey Bank | Champaign, IL | 10 | $1,581,780 | 7.4% |
| 35 | First Bank | Southern Pines, NC | 10 | $816,480 | 7.4% |