41 SBA loans worth $21.1M went to businesses in South Elgin, IL between October 2021 and June 2026, from 16 lenders. Huntington National Bank made the most, 12 loans. The median loan was $250,000, compared with $231,000 across Illinois, and transportation and warehousing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 12 | $1.9M | $76,250 | 58% |
| 2 | Live Oak Banking Bank · Wilmington, NC | 7 | $10.1M | $640,000 | 0% |
| 3 | Northeast Bank Bank · Portland, ME | 4 | $239K | $50,000 | 25% |
| 4 | Small Business Growth Certified development company · Springfield, IL | 3 | $2.7M | $1,035,000 | 0% |
| 5 | U.S. Bank Bank · Cincinnati, OH | 2 | $1.4M | $692,500 | 50% |
| 6 | JPMorgan Chase Bank Bank · Columbus, OH | 2 | $240K | $120,000 | 0% |
| 7 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $150K | $75,000 | 0% |
| 8 | Old National Bank Bank · Evansville, IN | 1 | $934K | $933,900 | 0% |
| 9 | CenTrust Bank, A Division of SmartBiz Bank Bank · Northbrook, IL | 1 | $696K | $696,000 | 100% |
| 10 | SomerCor 504 Certified development company · Chicago, IL | 1 | $610K | $610,000 | 0% |
| 11 | Village Bank and Trust Bank · Arlington Heights, IL | 1 | $575K | $574,700 | 100% |
| 12 | Midland States Bank Bank · Effingham, IL | 1 | $500K | $500,000 | 0% |
| 13 | Bank of America Bank · Charlotte, NC | 1 | $400K | $400,000 | 0% |
| 14 | Harvard State Bank Bank · Harvard, IL | 1 | $316K | $316,000 | 100% |
| 15 | Newtek Bank Bank · Miami, FL | 1 | $250K | $250,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Transportation and warehousing | 8 | $116,550 | Huntington National Bank | |
| Arts, entertainment and recreation | 5 | $50,000 | Huntington National Bank | |
| Restaurants and hotels | 5 | $346,000 | Huntington National Bank | |
| Health care and social assistance | 5 | $316,000 | Live Oak Banking | |
| Other services (repair, personal care) | 5 | $477,000 | Live Oak Banking | |
| Construction | 4 | $555,000 | Huntington National Bank | |
| Professional and technical services | 4 | $87,250 | Readycap Lending | |
| Manufacturing | 3 | $89,400 | Northeast Bank |