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Illinois · Construction
SBA loans for construction in Illinois
3,624 loans worth $1.11B approved since FY2010 for construction projects located in Illinois.
Loans
3,624
Approved
$1.11B
Median loan
$141,700
+42% vs sector nationally
Median rate
7.50%
Jobs supported
30,744
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 construction in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Small Business Growth Corporation | 262 | $140.7M | |
| The Huntington National Bank | 456 | $70.4M | |
| SomerCor 504, Inc. | 110 | $60.5M | |
| First American Bank | 90 | $54.4M | |
| Byline Bank | 69 | $52.5M | |
| U.S. Bank | 541 | $49.1M | |
| JPMorgan Chase Bank | 441 | $47.1M | |
| Village Bank and Trust | 104 | $45.0M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for construction in Illinois since FY2010 was $141,700. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Illinois
37,253 loans across every sector.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in Illinois?
- 3,624 SBA loans totalling $1,107,964,800 have been approved for construction projects in Illinois since FY2010.
- Which lenders finance construction in Illinois?
- The most active by dollars approved are Small Business Growth Corporation, The Huntington National Bank, SomerCor 504, Inc., First American Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in Illinois?
- The median approval is $141,700, 42% above the national median for this sector ($100,000).
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