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SBA lenders in Melrose Park, IL

SBA 7(a) and 504 loans to businesses in Melrose Park (Cook County), October 2021 to June 30, 2026 · Updated October 15, 2026
61
SBA loans approved
$28.9M
Total approved
$150,000
Median loan
20
Lenders active
16%
To startups

61 SBA loans worth $28.9M went to businesses in Melrose Park, IL between October 2021 and June 2026, from 20 lenders. Huntington National Bank made the most, 30 loans. The median loan was $150,000, compared with $231,000 across Illinois, and other services (repair, personal care) was the most financed industry.

Most active SBA lenders in Melrose Park

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
30$4.3M$54,40010%
2Byline Bank
Bank · Chicago, IL
4$4.5M$1,248,000100%
3SomerCor 504
Certified development company · Chicago, IL
3$4.8M$1,450,0000%
4Northeast Bank
Bank · Portland, ME
3$290K$89,6000%
5Schaumburg Bank & Trust Company
Bank · Schaumburg, IL
2$4.5M$2,225,0000%
6Beacon Bank and Trust
Bank · Boston, MA
2$3.0M$1,475,00050%
7Barrington Bank & Trust Company
Bank · Barrington, IL
2$1.3M$642,5000%
8Small Business Growth
Certified development company · Springfield, IL
2$506K$253,0000%
9BayFirst National Bank
Bank · St. Petersburg, FL
2$300K$150,0000%
10Enterprise Bank & Trust
Bank · Clayton, MO
1$1.8M$1,755,0000%
11Everwise Credit Union
Credit union · South Bend, IN
1$987K$987,0000%
12Harvest Small Business Finance
Non-bank lender · Laguna Hills, CA
1$930K$930,000100%
13Lendistry SBLC
Non-bank lender · Los Angeles, CA
1$500K$500,0000%
14Simmons Bank
Bank · Pine Bluff, AR
1$302K$302,300100%
15Readycap Lending
Non-bank lender · Berkeley Heights, NJ
1$284K$283,5000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Melrose Park. For 504 loans the lender shown is the certified development company.

What gets financed in Melrose Park

IndustryLoansShareMedian loanMost active lender
Other services (repair, personal care)10
16%
$105,000Huntington National Bank
Transportation and warehousing9
15%
$150,000Huntington National Bank
Restaurants and hotels7
11%
$100,000Huntington National Bank
Administrative and support services6
10%
$38,250Huntington National Bank
Construction6
10%
$340,000BayFirst National Bank
Retail6
10%
$1,218,500SomerCor 504
Wholesale trade6
10%
$425,000Huntington National Bank
Health care and social assistance5
8%
$89,600Huntington National Bank
Loan size mix
  • Under $150,00041%
  • $150,000 to $500,00033%
  • $500,000 to $2 million21%
  • $2 million and up5%
Compared with Illinois
Median loan, Melrose Park
$150,000
Median loan, Illinois
$231,000
Startup share, Melrose Park
16%
Startup share, Illinois
27%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Melrose Park

071320FY14: 9 loansFY14FY15: 9 loansFY15FY16: 6 loansFY16FY17: 12 loansFY17FY18: 10 loansFY18FY19: 11 loansFY19FY20: 10 loansFY20FY21: 10 loansFY21FY22: 16 loansFY2216FY23: 7 loansFY23FY24: 15 loansFY24FY25: 15 loansFY25FY26 (Oct to Jun): 8 loansFY268
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.