Illinois · Arts & Recreation
SBA loans for arts & recreation in Illinois
1,208 loans worth $746.0M approved since FY2010 for arts, entertainment, and recreation projects located in Illinois.
Loans
1,208
Approved
$746.0M
Median loan
$298,000
+30% vs sector nationally
Median rate
7.00%
Jobs supported
16,303
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 arts & recreation in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Byline Bank | 77 | $87.3M | |
| Small Business Growth Corporation | 87 | $77.6M | |
| SomerCor 504, Inc. | 58 | $70.1M | |
| The Huntington National Bank | 167 | $50.0M | |
| U.S. Bank | 53 | $31.4M | |
| Wells Fargo Bank | 27 | $20.5M | |
| JPMorgan Chase Bank | 96 | $18.6M | |
| The Bancorp Bank | 7 | $16.9M |
Detail
Which industries inside the sector
All SBA lending in Illinois
37,253 loans across every sector.
Arts & Recreation nationally
33,312 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to arts & recreation businesses in Illinois?
- 1,208 SBA loans totalling $745,992,100 have been approved for arts, entertainment, and recreation projects in Illinois since FY2010.
- Which lenders finance arts & recreation in Illinois?
- The most active by dollars approved are Byline Bank, Small Business Growth Corporation, SomerCor 504, Inc., The Huntington National Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for arts & recreation in Illinois?
- The median approval is $298,000, 30% above the national median for this sector ($228,400).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.