Illinois · Restaurants & Hotels
SBA loans for restaurants & hotels in Illinois
5,034 loans worth $3.59B approved since FY2010 for accommodation and food services projects located in Illinois.
Loans
5,034
Approved
$3.59B
Median loan
$350,000
+17% vs sector nationally
Median rate
6.50%
Jobs supported
95,154
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Who lends to restaurants & hotels in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Byline Bank | 609 | $561.0M | |
| SomerCor 504, Inc. | 367 | $355.0M | |
| Small Business Growth Corporation | 367 | $278.1M | |
| Millennium Bank | 110 | $270.4M | |
| GBank | 62 | $181.6M | |
| The Huntington National Bank | 573 | $167.5M | |
| First Internet Bank of Indiana | 61 | $53.0M | |
| JPMorgan Chase Bank | 234 | $52.6M |
Detail
Which industries inside the sector
All SBA lending in Illinois
37,253 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in Illinois?
- 5,034 SBA loans totalling $3,586,390,200 have been approved for accommodation and food services projects in Illinois since FY2010.
- Which lenders finance restaurants & hotels in Illinois?
- The most active by dollars approved are Byline Bank, SomerCor 504, Inc., Small Business Growth Corporation, Millennium Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in Illinois?
- The median approval is $350,000, 17% above the national median for this sector ($300,000).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.