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SBA lenders in Buffalo Grove, IL

SBA 7(a) and 504 loans to businesses in Buffalo Grove (Lake County), October 2021 to June 30, 2026 · Updated October 15, 2026
58
SBA loans approved
$23.4M
Total approved
$145,950
Median loan
24
Lenders active
22%
To startups

58 SBA loans worth $23.4M went to businesses in Buffalo Grove, IL between October 2021 and June 2026, from 24 lenders. Huntington National Bank made the most, 25 loans. The median loan was $145,950, compared with $231,000 across Illinois, and transportation and warehousing was the most financed industry.

Most active SBA lenders in Buffalo Grove

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
25$2.7M$72,00028%
2Small Business Growth
Certified development company · Springfield, IL
4$5.6M$1,406,5000%
3Northeast Bank
Bank · Portland, ME
3$646K$219,0000%
4U.S. Bank
Bank · Cincinnati, OH
3$163K$50,00033%
5SomerCor 504
Certified development company · Chicago, IL
2$5.5M$2,727,0000%
6Newtek Bank
Bank · Miami, FL
2$300K$150,0000%
7JPMorgan Chase Bank
Bank · Columbus, OH
2$146K$73,0000%
8United Midwest Savings Bank
Bank · Degraff, OH
1$1.8M$1,821,000100%
9Camp Grove State Bank
Bank · Camp Grove, IL
1$1.3M$1,320,000100%
10FWBank
Bank · Chicago, IL
1$992K$991,8000%
11VelocitySBA
Non-bank lender · Irving, TX
1$743K$743,0000%
12First Bank of the Lake
Bank · Osage Beach, MO
1$718K$718,500100%
13Newtek Small Business Finance
Non-bank lender · Lake Success, NY
1$543K$543,0000%
14Fifth Third Bank
Bank · Cincinnati, OH
1$500K$500,0000%
15Centerstone SBA Lending
Non-bank lender · Los Angeles, CA
1$335K$335,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Buffalo Grove. For 504 loans the lender shown is the certified development company.

What gets financed in Buffalo Grove

IndustryLoansShareMedian loanMost active lender
Transportation and warehousing14
24%
$91,500Huntington National Bank
Construction9
16%
$141,900Huntington National Bank
Professional and technical services7
12%
$250,000Huntington National Bank
Manufacturing6
10%
$322,000SomerCor 504
Health care and social assistance6
10%
$93,750Huntington National Bank
Retail4
7%
$150,000Huntington National Bank
Restaurants and hotels4
7%
$434,250VelocitySBA
Other services (repair, personal care)3
5%
$72,000JPMorgan Chase Bank
Loan size mix
  • Under $150,00050%
  • $150,000 to $500,00028%
  • $500,000 to $2 million21%
  • $2 million and up2%
Compared with Illinois
Median loan, Buffalo Grove
$145,950
Median loan, Illinois
$231,000
Startup share, Buffalo Grove
22%
Startup share, Illinois
27%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Buffalo Grove

071320FY14: 4 loansFY14FY15: 6 loansFY15FY16: 14 loansFY16FY17: 15 loansFY1715FY18: 12 loansFY18FY19: 11 loansFY19FY20: 7 loansFY20FY21: 12 loansFY21FY22: 11 loansFY22FY23: 15 loansFY23FY24: 12 loansFY24FY25: 13 loansFY25FY26 (Oct to Jun): 7 loansFY267
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.