Illinois · Finance & Insurance
SBA loans for finance & insurance in Illinois
630 loans worth $264.5M approved since FY2010 for finance and insurance projects located in Illinois.
Loans
630
Approved
$264.5M
Median loan
$188,500
-6% vs sector nationally
Median rate
6.50%
Jobs supported
3,414
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 finance & insurance in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 77 | $49.6M | |
| Byline Bank | 43 | $32.5M | |
| Small Business Growth Corporation | 35 | $15.7M | |
| The Huntington National Bank | 53 | $13.6M | |
| U.S. Bank | 62 | $11.9M | |
| SomerCor 504, Inc. | 29 | $9.7M | |
| Capital Bank | 6 | $9.5M | |
| Village Bank and Trust | 12 | $6.7M |
Detail
Which industries inside the sector
All SBA lending in Illinois
37,253 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in Illinois?
- 630 SBA loans totalling $264,479,700 have been approved for finance and insurance projects in Illinois since FY2010.
- Which lenders finance finance & insurance in Illinois?
- The most active by dollars approved are Live Oak Banking Company, Byline Bank, Small Business Growth Corporation, 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 finance & insurance in Illinois?
- The median approval is $188,500, 6% below the national median for this sector ($200,000).
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