Top SBA Lenders in Illinois for Other Services
9 SBA 7(a) lenders active in Illinois's other services sector.
Lenders
38 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.6%
Top Other Services Lenders in Illinois
Rate Distribution (Other Services in Illinois)
All Other Services Lenders in Illinois
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 9 | $12.7M | P+1.50% | 0.8% |
| 2 | The Huntington National Bank | 6 | $3.7M | P+2.25% | 1.5% |
| 3 | Byline Bank | 4 | $2.5M | P+2.75% | 1.8% |
| 4 | Brookline Bank | 4 | $4.3M | P+2.50% | 1.0% |
| 5 | VelocitySBA, LLC | 3 | $3.7M | P+3.00% | 2.4% |
| 6 | Citizens Bank | 3 | $4.0M | P+2.50% | 1.7% |
| 7 | Pan American Bank & Trust | 3 | $1.1M | P+3.00% | 0.0% |
| 8 | Open Bank | 3 | $1.7M | P+1.50% | 0.9% |
| 9 | Readycap Lending, LLC | 3 | $1.5M | P+1.50% | 2.8% |
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Customize your search →Other Services SBA Lending in Illinois
9 SBA 7(a) lenders are active in Illinois's other services sector, having originated 38 loans totaling $35.3M. The median rate for other services acquisitions in Illinois is Prime + 2.50%, compared to the statewide median of Prime + 2.25%.
The 10-year cumulative default rate for this niche is 1.6%, which is above the state average of 1.6%.
Frequently Asked Questions
How many SBA lenders specialize in other services in Illinois?
9 SBA 7(a) lenders have originated other services acquisition loans in Illinois, with a combined 38 loans.
What rate can I expect for a other services acquisition in Illinois?
The median rate is Prime + 2.50% (Prime + spread). This compares to a statewide median of Prime + 2.25%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for other services SBA loans in Illinois?
The 10-year cumulative default rate is 1.6%, compared to a statewide average of 1.6%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.