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Illinois · Professional Services
SBA loans for professional services in Illinois
3,389 loans worth $1.23B approved since FY2010 for professional, scientific, and technical services projects located in Illinois.
Loans
3,389
Approved
$1.23B
Median loan
$150,000
+0% vs sector nationally
Median rate
7.03%
Jobs supported
29,922
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 professional services in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Small Business Growth Corporation | 241 | $139.3M | |
| JPMorgan Chase Bank | 597 | $96.0M | |
| Live Oak Banking Company | 68 | $84.0M | |
| Byline Bank | 117 | $80.7M | |
| The Huntington National Bank | 269 | $77.4M | |
| SomerCor 504, Inc. | 154 | $71.3M | |
| U.S. Bank | 267 | $65.2M | |
| Village Bank and Trust | 72 | $31.8M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for professional services in Illinois since FY2010 was $150,000. 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.
Professional Services nationally
101,046 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to professional services businesses in Illinois?
- 3,389 SBA loans totalling $1,231,672,400 have been approved for professional, scientific, and technical services projects in Illinois since FY2010.
- Which lenders finance professional services in Illinois?
- The most active by dollars approved are Small Business Growth Corporation, JPMorgan Chase Bank, Live Oak Banking Company, Byline Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for professional services in Illinois?
- The median approval is $150,000.
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