Illinois
Top SBA lenders in Chicago
Businesses in the Chicago area have received $3.5B across 7,533 approved SBA 7(a) & 504 loans (FY2010–present). Here are the lenders that funded the most, by real approval volume.
| # | Lender | SBA approvals in Chicago | Rating |
|---|---|---|---|
| 1 | Byline Bank | $604M | 2.5(18) |
| 2 | SomerCor 504, Inc. | $339M | 5.0(5) |
| 3 | JPMorgan Chase Bank, National Association | $254M | 4.3(144) |
| 4 | The Huntington National Bank | $234M | 2.2(69) |
| 5 | U.S. Bank, National Association | $155M | 2.1(31) |
| 6 | Village Bank and Trust, National Association | $122M | 4.0(34) |
| 7 | Old National Bank | $98M | 2.4(49) |
| 8 | Fifth Third Bank | $84M | 1.4(100) |
| 9 | Wintrust Bank National Association | $83M | 3.5(21) |
| 10 | Live Oak Banking Company | $63M | 3.4(145) |
| 11 | Newtek Small Business Finance, Inc. | $52M | 1.7(33) |
| 12 | Wells Fargo Bank National Association | $52M | 3.0(23) |
| 13 | Millennium Bank | $50M | 4.4(25) |
| 14 | LendingClub Bank, National Association | $49M | 2.3(12) |
| 15 | Harvest Small Business Finance, LLC | $49M | 3.7(116) |
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present), by borrower project location. See all Illinois SBA lenders →
SBA lenders in Chicago — common questions
Which SBA lender is most active in Chicago?
Byline Bank has approved the most SBA 7(a) & 504 funding for Chicago-area businesses — $604M in total. The full ranking of the most active lenders is on this page, sourced from public SBA FOIA loan-approval records.
How much SBA funding have Chicago businesses received?
Businesses in the Chicago area have received $3.5B across 7,533 approved SBA 7(a) & 504 loans since FY2010, based on public SBA FOIA loan-approval records by borrower project location.
Do I have to use an SBA lender based in Chicago?
No. SBA loans are federal, so a national or out-of-state lender can fund your Chicago business — national SBA lenders like Live Oak Bank and Newtek lend in all 50 states. A local lender helps most when your deal needs site visits or local market knowledge.
How are the top Chicago SBA lenders ranked?
By total gross SBA loan approvals to borrowers in the Chicago area, from the U.S. SBA's public FOIA 7(a) & 504 data (FY2010–present) — real approval volume, not advertising.
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