Illinois · Manufacturing
SBA loans for manufacturing in Illinois
692 loans worth $506.3M approved since FY2010 for manufacturing projects located in Illinois.
Loans
692
Approved
$506.3M
Median loan
$338,000
+69% vs sector nationally
Median rate
7.00%
Jobs supported
13,730
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 manufacturing in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Small Business Growth Corporation | 84 | $117.3M | |
| SomerCor 504, Inc. | 62 | $89.3M | |
| Byline Bank | 62 | $65.6M | |
| The Huntington National Bank | 82 | $15.3M | |
| Busey Bank | 13 | $14.8M | |
| Merchants Bank of Indiana | 8 | $13.7M | |
| Live Oak Banking Company | 16 | $13.5M | |
| JPMorgan Chase Bank | 50 | $12.8M |
Detail
Which industries inside the sector
All SBA lending in Illinois
37,253 loans across every sector.
Manufacturing nationally
21,271 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to manufacturing businesses in Illinois?
- 692 SBA loans totalling $506,282,000 have been approved for manufacturing projects in Illinois since FY2010.
- Which lenders finance manufacturing in Illinois?
- The most active by dollars approved are Small Business Growth Corporation, SomerCor 504, Inc., Byline Bank, 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 manufacturing in Illinois?
- The median approval is $338,000, 69% above the national median for this sector ($200,000).
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