Illinois · Health Care
SBA loans for health care in Illinois
3,499 loans worth $1.63B approved since FY2010 for health care and social assistance projects located in Illinois.
Loans
3,499
Approved
$1.63B
Median loan
$227,000
-9% vs sector nationally
Median rate
6.75%
Jobs supported
44,978
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 health care in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Small Business Growth Corporation | 315 | $163.5M | |
| SomerCor 504, Inc. | 244 | $136.2M | |
| Byline Bank | 143 | $133.9M | |
| Live Oak Banking Company | 85 | $120.7M | |
| The Huntington National Bank | 287 | $92.7M | |
| JPMorgan Chase Bank | 453 | $80.4M | |
| U.S. Bank | 171 | $71.8M | |
| Wells Fargo Bank | 82 | $54.6M |
Detail
Which industries inside the sector
All SBA lending in Illinois
37,253 loans across every sector.
Health Care nationally
105,632 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to health care businesses in Illinois?
- 3,499 SBA loans totalling $1,626,829,400 have been approved for health care and social assistance projects in Illinois since FY2010.
- Which lenders finance health care in Illinois?
- The most active by dollars approved are Small Business Growth Corporation, SomerCor 504, Inc., Byline Bank, Live Oak Banking Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for health care in Illinois?
- The median approval is $227,000, 9% below the national median for this sector ($250,000).
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