SBA Loans for Restaurants & Lodging in Illinois
Since fiscal year 2021, at least 158 lenders made 1,616 SBA loans to Restaurants & Lodging businesses in Illinois. These are the most active, based on public SBA data.
Most active SBA lenders for Restaurants & Lodging in Illinois
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 414 | $206,595 | 34% | 7(a), Express |
| 2 | Byline Bank Chicago, IL | 96 | $1,267,165 | 37% | 7(a), Express |
| 3 | Newtek Bank, National Association Miami, FL | 77 | $391,075 | 20% | 7(a), Express |
| 4 | U.S. Bank, National Association Cincinnati, OH | 71 | $196,019 | 33% | 7(a), Express |
| 5 | Millennium Bank Des Plaines, IL | 66 | $2,107,216 | 21% | 7(a) |
| 6 | Northeast Bank Lewiston, ME | 56 | $159,118 | 9% | 7(a) |
| 7 | GBank Las Vegas, NV | 49 | $2,764,890 | 24% | 7(a) |
| 8 | Village Bank and Trust, National Association Arlington Heights, IL | 38 | $665,038 | 27% | 7(a), Express |
| 9 | Readycap Lending, LLC Berkeley Heights, NJ | 27 | $283,611 | 13% | 7(a), Express |
| 10 | Midland States Bank Effingham, IL | 24 | $508,052 | 39% | 7(a), Express |
Related guide: SBA Loans for Restaurants
Other industries in Illinois
- 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
- Cleaning, Landscaping & Admin616 loans
Frequently asked questions
Which lenders make the most SBA loans to Restaurants & Lodging businesses in Illinois?
Based on public SBA data, the most active were The Huntington National Bank, Byline Bank, Newtek Bank, National Association.
How many SBA loans did Restaurants & Lodging businesses get in Illinois?
1,616 SBA loans since fiscal year 2021, from at least 158 different lenders.
Which SBA loan fits a Restaurants & Lodging 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.