Illinois · Retail
SBA loans for retail in Illinois
2,834 loans worth $1.83B approved since FY2010 for retail trade projects located in Illinois.
Loans
2,834
Approved
$1.83B
Median loan
$350,000
+40% vs sector nationally
Median rate
6.00%
Jobs supported
29,131
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 retail in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Byline Bank | 389 | $388.9M | |
| Small Business Growth Corporation | 222 | $215.5M | |
| SomerCor 504, Inc. | 177 | $160.1M | |
| The Huntington National Bank | 221 | $64.9M | |
| U.S. Bank | 182 | $59.3M | |
| Live Oak Banking Company | 29 | $44.8M | |
| Millennium Bank | 43 | $44.7M | |
| Celtic Bank Corporation | 53 | $37.8M |
Detail
Which industries inside the sector
All SBA lending in Illinois
37,253 loans across every sector.
Retail nationally
91,542 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to retail businesses in Illinois?
- 2,834 SBA loans totalling $1,826,536,000 have been approved for retail trade projects in Illinois since FY2010.
- Which lenders finance retail in Illinois?
- The most active by dollars approved are Byline Bank, Small Business Growth Corporation, SomerCor 504, Inc., 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 retail in Illinois?
- The median approval is $350,000, 40% above the national median for this sector ($250,000).
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