US Lender Metrics Get a Lender Match
Home › SBA lenders by state › Illinois › Evanston

SBA lenders in Evanston, IL

SBA 7(a) and 504 loans to businesses in Evanston (Cook County), October 2021 to June 30, 2026 · Updated October 15, 2026
88
SBA loans approved
$39.7M
Total approved
$200,000
Median loan
27
Lenders active
32%
To startups

88 SBA loans worth $39.7M went to businesses in Evanston, IL between October 2021 and June 2026, from 27 lenders. Huntington National Bank made the most, 19 loans. The median loan was $200,000, compared with $231,000 across Illinois, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Evanston

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
19$3.6M$130,30032%
2Newtek Bank
Bank · Miami, FL
9$6.2M$500,00011%
3Northeast Bank
Bank · Portland, ME
8$1.3M$150,0000%
4SomerCor 504
Certified development company · Chicago, IL
6$2.3M$401,0000%
5U.S. Bank
Bank · Cincinnati, OH
6$232K$47,50017%
6Wintrust Bank
Bank · Chicago, IL
5$5.9M$300,00080%
7Byline Bank
Bank · Chicago, IL
4$2.8M$730,00050%
8Readycap Lending
Non-bank lender · Berkeley Heights, NJ
4$238K$42,50050%
9Village Bank and Trust
Bank · Arlington Heights, IL
3$775K$200,00067%
10Newtek Small Business Finance
Non-bank lender · Lake Success, NY
2$5.2M$2,600,00050%
11Merchants Bank of Indiana
Bank · Carmel, IN
2$1.5M$773,80050%
12Busey Bank
Bank · Champaign, IL
2$1.1M$550,00050%
13JPMorgan Chase Bank
Bank · Columbus, OH
2$401K$200,5000%
14United Midwest Savings Bank
Bank · Degraff, OH
2$375K$187,500100%
15Wells Fargo Bank
Bank · Sioux Falls, SD
2$25K$12,500100%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Evanston. For 504 loans the lender shown is the certified development company.

What gets financed in Evanston

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels23
26%
$350,000Huntington National Bank
Professional and technical services15
17%
$191,500Huntington National Bank
Other services (repair, personal care)12
14%
$66,600U.S. Bank
Retail9
10%
$280,000Byline Bank
Health care and social assistance9
10%
$171,000SomerCor 504
Arts, entertainment and recreation5
6%
$150,000JPMorgan Chase Bank
Construction4
5%
$431,400First American Bank
Information and media2
2%
$130,000Byline Bank
Loan size mix
  • Under $150,00039%
  • $150,000 to $500,00036%
  • $500,000 to $2 million20%
  • $2 million and up5%
Compared with Illinois
Median loan, Evanston
$200,000
Median loan, Illinois
$231,000
Startup share, Evanston
32%
Startup share, Illinois
27%
Share of state's SBA loans
0.7%

SBA loans per fiscal year in Evanston

0132740FY14: 8 loansFY14FY15: 25 loansFY15FY16: 13 loansFY16FY17: 19 loansFY17FY18: 18 loansFY18FY19: 13 loansFY19FY20: 13 loansFY20FY21: 7 loansFY21FY22: 14 loansFY22FY23: 12 loansFY23FY24: 22 loansFY24FY25: 31 loansFY2531FY26 (Oct to Jun): 9 loansFY269
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.