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Illinois · Real Estate
SBA loans for real estate in Illinois
799 loans worth $530.1M approved since FY2010 for real estate and rental and leasing projects located in Illinois.
Loans
799
Approved
$530.1M
Median loan
$271,000
+8% vs sector nationally
Median rate
6.30%
Jobs supported
7,155
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 real estate in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Byline Bank | 66 | $93.3M | |
| Live Oak Banking Company | 23 | $56.6M | |
| Small Business Growth Corporation | 75 | $46.4M | |
| SomerCor 504, Inc. | 43 | $37.8M | |
| U.S. Bank | 77 | $23.8M | |
| Bank Five Nine | 18 | $22.4M | |
| Village Bank and Trust | 32 | $15.8M | |
| The Huntington National Bank | 55 | $11.9M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for real estate in Illinois since FY2010 was $271,000. 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.
Real Estate nationally
25,262 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to real estate businesses in Illinois?
- 799 SBA loans totalling $530,062,500 have been approved for real estate and rental and leasing projects in Illinois since FY2010.
- Which lenders finance real estate in Illinois?
- The most active by dollars approved are Byline Bank, Live Oak Banking Company, Small Business Growth Corporation, SomerCor 504, Inc.. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for real estate in Illinois?
- The median approval is $271,000, 8% above the national median for this sector ($250,000).
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