Since fiscal year 2021, at least 52 lenders made 142 SBA loans to Education & Childcare businesses in Illinois. These are the most active, based on public SBA data.
Most active SBA lenders for Education & Childcare in Illinois
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 34 | $206,595 | 34% | 7(a), Express |
| 2 | Byline Bank Chicago, IL | 11 | $1,267,165 | 37% | 7(a), Express |
| 3 | Northeast Bank Lewiston, ME | 9 | $159,118 | 9% | 7(a) |
| 4 | Readycap Lending, LLC Berkeley Heights, NJ | 6 | $283,611 | 13% | 7(a), Express |
| 5 | Woori America Bank New York, NY | 5 | $537,500 | 64% | 7(a), Express |
| 6 | JPMorgan Chase Bank, National Association Columbus, OH | 5 | $247,881 | 7% | 7(a), Express |
| 7 | Bank of America, National Association Charlotte, NC | 4 | $405,525 | 20% | 7(a), Express |
| 8 | Newtek Bank, National Association Miami, FL | 4 | $391,075 | 20% | 7(a), Express |
| 9 | U.S. Bank, National Association Cincinnati, OH | 4 | $196,019 | 33% | 7(a), Express |
| 10 | Hinsdale Bank & Trust Company, National Association Hinsdale, IL | 3 | $855,374 | 18% | 7(a), Express |
Related guide: Loans for Daycares and Childcare Centers
Other industries in Illinois
- Restaurants & Lodging1,616 loans
- Trucking & Transportation1,426 loans
- Construction1,337 loans
- Retail Stores1,228 loans
- Personal Services & Repair1,191 loans
- Health Care1,077 loans
- Professional Services1,052 loans
- Manufacturing767 loans
Frequently asked questions
Which lenders make the most SBA loans to Education & Childcare businesses in Illinois?
Based on public SBA data, the most active were The Huntington National Bank, Byline Bank, Northeast Bank.
How many SBA loans did Education & Childcare businesses get in Illinois?
142 SBA loans since fiscal year 2021, from at least 52 different lenders.
Which SBA loan fits a Education & Childcare business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.