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SBA lenders in Zion, IL

SBA 7(a) and 504 loans to businesses in Zion (Lake County), October 2021 to June 30, 2026 · Updated October 15, 2026
29
SBA loans approved
$27.3M
Total approved
$520,000
Median loan
17
Lenders active
21%
To startups

29 SBA loans worth $27.3M went to businesses in Zion, IL between October 2021 and June 2026, from 17 lenders. SomerCor 504 made the most, 4 loans. The median loan was $520,000, compared with $231,000 across Illinois, and administrative and support services was the most financed industry.

Most active SBA lenders in Zion

#LenderLoansApprovedMedian loanTo startups
1SomerCor 504
Certified development company · Chicago, IL
4$5.2M$1,037,0000%
2Live Oak Banking
Bank · Wilmington, NC
4$3.1M$608,00025%
3Huntington National Bank
Bank · Columbus, OH
4$2.0M$59,0000%
4Byline Bank
Bank · Chicago, IL
3$2.9M$1,318,00067%
5First Financial Bank
Bank · El Dorado, AR
2$3.4M$1,715,3000%
6Truliant FCU
Credit union · Winston-Salem, NC
1$3.3M$3,325,0000%
7Small Business Growth
Certified development company · Springfield, IL
1$1.9M$1,941,000100%
8Lake Forest Bank & Trust Company
Bank · Lake Forest, IL
1$1.9M$1,885,0000%
9First National Bank of Omaha
Bank · Omaha, NE
1$887K$887,0000%
10Woori America Bank
Bank · New York, NY
1$550K$550,000100%
11Readycap Lending
Non-bank lender · Berkeley Heights, NJ
1$520K$520,000100%
12Bank Five Nine
Bank · Oconomowoc, WI
1$335K$335,0000%
13CIBC Bank USA
Bank · Chicago, IL
1$329K$329,0000%
14PyraMax Bank FSB
Bank · Greenfield, WI
1$280K$280,5000%
15Bank of Edison
Bank · Edison, GA
1$276K$275,5000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Zion. For 504 loans the lender shown is the certified development company.

What gets financed in Zion

IndustryLoansShareMedian loanMost active lender
Administrative and support services6
21%
$289,500Huntington National Bank
Retail6
21%
$1,217,000Byline Bank
Construction4
14%
$581,250Live Oak Banking
Other services (repair, personal care)4
14%
$257,250U.S. Bank
Restaurants and hotels3
10%
$520,000Bank Five Nine
Professional and technical services2
7%
$1,715,300First Financial Bank
Manufacturing2
7%
$1,013,500SomerCor 504
Arts, entertainment and recreation1
3%
$50,000Huntington National Bank
Loan size mix
  • Under $150,00021%
  • $150,000 to $500,00028%
  • $500,000 to $2 million45%
  • $2 million and up7%
Compared with Illinois
Median loan, Zion
$520,000
Median loan, Illinois
$231,000
Startup share, Zion
21%
Startup share, Illinois
27%
Share of state's SBA loans
0.2%

SBA loans per fiscal year in Zion

071320FY14: 2 loansFY14FY15: 5 loansFY15FY16: 4 loansFY16FY17: 11 loansFY1711FY18: 5 loansFY18FY19: 3 loansFY19FY20: 1 loansFY20FY21: 5 loansFY21FY22: 8 loansFY22FY23: 5 loansFY23FY24: 7 loansFY24FY25: 6 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.