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Illinois · Transportation
SBA loans for transportation in Illinois
3,118 loans worth $945.6M approved since FY2010 for transportation and warehousing projects located in Illinois.
Loans
3,118
Approved
$945.6M
Median loan
$70,750
+11% vs sector nationally
Median rate
7.75%
Jobs supported
23,930
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 transportation in Illinois
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Small Business Growth Corporation | 157 | $198.7M | |
| The Huntington National Bank | 912 | $94.1M | |
| SomerCor 504, Inc. | 68 | $88.6M | |
| Byline Bank | 35 | $58.9M | |
| JPMorgan Chase Bank | 769 | $53.0M | |
| U.S. Bank | 127 | $36.1M | |
| Harvest Small Business Finance, LLC | 10 | $22.8M | |
| Village Bank and Trust | 37 | $19.7M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for transportation in Illinois since FY2010 was $70,750. 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.
Transportation nationally
49,317 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to transportation businesses in Illinois?
- 3,118 SBA loans totalling $945,594,500 have been approved for transportation and warehousing projects in Illinois since FY2010.
- Which lenders finance transportation in Illinois?
- The most active by dollars approved are Small Business Growth Corporation, The Huntington National Bank, SomerCor 504, Inc., Byline Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for transportation in Illinois?
- The median approval is $70,750, 11% above the national median for this sector ($64,000).
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