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SBA lenders in Woodstock, IL

SBA 7(a) and 504 loans to businesses in Woodstock (McHenry County), October 2021 to June 30, 2026 · Updated October 15, 2026
36
SBA loans approved
$25.8M
Total approved
$375,000
Median loan
18
Lenders active
25%
To startups

36 SBA loans worth $25.8M went to businesses in Woodstock, IL between October 2021 and June 2026, from 18 lenders. Huntington National Bank made the most, 5 loans. The median loan was $375,000, compared with $231,000 across Illinois, and transportation and warehousing was the most financed industry.

Most active SBA lenders in Woodstock

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
5$3.9M$135,0000%
2Small Business Growth
Certified development company · Springfield, IL
4$3.0M$412,0000%
3SomerCor 504
Certified development company · Chicago, IL
4$2.3M$515,0000%
4Midland States Bank
Bank · Effingham, IL
3$1.3M$375,000100%
5First Internet Bank of Indiana
Bank · Fishers, IN
2$3.1M$1,537,0000%
6Live Oak Banking
Bank · Wilmington, NC
2$1.5M$755,0000%
7Fifth Third Bank
Bank · Cincinnati, OH
2$1.4M$708,8000%
8Stearns Bank
Bank · St. Cloud, MN
2$772K$386,000100%
9BayFirst National Bank
Bank · St. Petersburg, FL
2$500K$250,0000%
10Readycap Lending
Non-bank lender · Berkeley Heights, NJ
2$114K$56,7500%
11Old National Bank
Bank · Evansville, IN
1$4.9M$4,930,6000%
12Merchants Bank of Indiana
Bank · Carmel, IN
1$1.4M$1,412,3000%
13Byline Bank
Bank · Chicago, IL
1$690K$690,0000%
14United Midwest Savings Bank
Bank · Degraff, OH
1$677K$677,400100%
15Union National Bank
Bank · Elgin, IL
1$119K$119,2000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Woodstock. For 504 loans the lender shown is the certified development company.

What gets financed in Woodstock

IndustryLoansShareMedian loanMost active lender
Transportation and warehousing5
14%
$182,000SomerCor 504
Professional and technical services5
14%
$677,400Fifth Third Bank
Retail5
14%
$386,000Stearns Bank
Restaurants and hotels5
14%
$375,000Midland States Bank
Other services (repair, personal care)4
11%
$226,500Huntington National Bank
Construction4
11%
$310,500First Internet Bank of Indiana
Wholesale trade3
8%
$63,500Readycap Lending
Arts, entertainment and recreation2
6%
$40,000Northeast Bank
Loan size mix
  • Under $150,00025%
  • $150,000 to $500,00036%
  • $500,000 to $2 million31%
  • $2 million and up8%
Compared with Illinois
Median loan, Woodstock
$375,000
Median loan, Illinois
$231,000
Startup share, Woodstock
25%
Startup share, Illinois
27%
Share of state's SBA loans
0.3%

SBA loans per fiscal year in Woodstock

071320FY14: 5 loansFY14FY15: 12 loansFY1512FY16: 7 loansFY16FY17: 7 loansFY17FY18: 4 loansFY18FY19: 8 loansFY19FY20: 4 loansFY20FY21: 7 loansFY21FY22: 7 loansFY22FY23: 9 loansFY23FY24: 7 loansFY24FY25: 10 loansFY25FY26 (Oct to Jun): 3 loansFY263
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.