Best SBA lenders
Best SBA lenders in Illinois
The SBA lenders that fund the most businesses in Illinois, ranked by funded volume with each lender's charge-off track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Small Business Growth Corporation funds the most SBA volume in Illinois. Charge-off rates below are each lender's overall rate across all of its loans, as a track-record signal.
| # | Lender | Volume in Illinois | Charge-off |
|---|---|---|---|
| 1 | Small Business Growth Corporation | $2.3B | 0.0% |
| 2 | SomerCor 504, Inc. | $1.6B | 0.0% |
| 3 | Byline Bank | $791.7M | 0.9% |
| 4 | The Huntington National Bank | $669.4M | 1.3% |
| 5 | Live Oak Banking Company | $350.4M | 0.3% |
| 6 | Millennium Bank | $276.2M | 0.4% |
| 7 | Rockford Local Development Corporation | $178.2M | 0.0% |
| 8 | U.S. Bank, National Association | $172.1M | 2.2% |
Find the best fit for your business
Volume in Illinois is a starting point. Narrow it to lenders active in your specific industry and loan size with Lender Match, or see the full Illinois SBA lending data.
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Method and disclaimer. Ranked by funded SBA volume in
Illinois from the public FOIA 7(a) and 504 data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.