SBA acquisition lenders in Illinois
806 SBA 7(a) change-of-ownership loans in Illinois, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 806
- Total approved
- $963.2M
- Median loan
- $695K
- Middle half of loans
- $300K to $1.7M
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in Illinois
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 143 | 18% | $312K | $90.8M |
| 2 | Byline Bank | 88 | 11% | $1.3M | $134.0M |
| 3 | Live Oak Banking Company | 75 | 9% | $860K | $93.3M |
| 4 | Old National Bank | 24 | 3% | $766K | $39.6M |
| 5 | Bank of Springfield | 23 | 3% | $250K | $10.6M |
| 6 | GBank | 22 | 3% | $3.5M | $76.9M |
| 7 | Centerstone SBA Lending, Inc. | 20 | 2% | $1.1M | $24.6M |
| 8 | Merchants Bank of Indiana | 18 | 2% | $1.2M | $29.8M |
| 9 | St. Charles Bank & Trust Company, National Association | 17 | 2% | $400K | $13.8M |
| 10 | First American Bank | 13 | 2% | $705K | $15.5M |
| 11 | VelocitySBA, LLC | 13 | 2% | $688K | $13.0M |
| 12 | Midland States Bank | 13 | 2% | $248K | $11.0M |
| 13 | Busey Bank | 12 | 1% | $1.3M | $16.4M |
| 14 | Pathward National Association | 11 | 1% | $1.4M | $23.1M |
| 15 | Hinsdale Bank & Trust Company, National Association | 11 | 1% | $350K | $12.3M |
What is being bought in Illinois
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 62 | 8% | $386K | $38.7M |
| 2 | Hotels (except Casino Hotels) and Motels | 41 | 5% | $2.8M | $121.8M |
| 3 | Gasoline Stations with Convenience Stores | 35 | 4% | $1.6M | $58.7M |
| 4 | Limited-Service Restaurants | 34 | 4% | $496K | $33.6M |
| 5 | Beer, Wine, and Liquor Retailers | 27 | 3% | $890K | $31.1M |
| 6 | General Automotive Repair | 26 | 3% | $809K | $26.9M |
| 7 | Offices of Certified Public Accountants | 25 | 3% | $375K | $19.9M |
| 8 | Plumbing, Heating, and Air-Conditioning Contractors | 20 | 2% | $887K | $22.2M |
| 9 | Child Care Services | 18 | 2% | $575K | $15.2M |
| 10 | All Other Specialty Trade Contractors | 15 | 2% | $525K | $12.7M |
| 11 | Funeral Homes and Funeral Services | 14 | 2% | $1.9M | $26.8M |
| 12 | Machine Shops | 13 | 2% | $1.6M | $20.1M |
| 13 | Drycleaning and Laundry Services (except Coin-Operated) | 13 | 2% | $312K | $4.2M |
| 14 | Coin-Operated Laundries and Drycleaners | 12 | 1% | $462K | $7.6M |
| 15 | Landscaping Services | 12 | 1% | $339K | $7.4M |
Illinois by industry
- Full-Service Restaurants 62
- Hotels (except Casino Hotels) and Motels 41
- Gasoline Stations with Convenience Stores 35
- Limited-Service Restaurants 34
- Beer, Wine, and Liquor Retailers 27
- General Automotive Repair 26
- Offices of Certified Public Accountants 25
- Plumbing, Heating, and Air-Conditioning Contractors 20
- Child Care Services 18
- All Other Specialty Trade Contractors 15
- Funeral Homes and Funeral Services 14
- Machine Shops 13
- Drycleaning and Laundry Services (except Coin-Operated) 13
- Coin-Operated Laundries and Drycleaners 12
- Landscaping Services 12
- Roofing Contractors 11
- Offices of Chiropractors 11
- Home Health Care Services 10
- Supermarkets and Other Grocery Retailers (except Convenience Retailers) 9
- All Other Miscellaneous Fabricated Metal Product Manufacturing 9
- Car Washes 9
- Drinking Places (Alcoholic Beverages) 8
- Pet Care (except Veterinary) Services 8
- Commercial Printing (except Screen and Books) 7
- Insurance Agencies and Brokerages 7
- All Other Personal Services 7
- Beauty Salons 7
- Other Computer Related Services 6
- Flooring Contractors 6
- Bowling Centers 6
- Sign Manufacturing 6
- Other Miscellaneous Durable Goods Merchant Wholesalers 5
- Industrial Supplies Merchant Wholesalers 5
- All Other Professional, Scientific, and Technical Services 5
- Couriers and Express Delivery Services 5
- Offices of Dentists 5