Top SBA Lenders in Illinois for Retail Trade
6 SBA 7(a) lenders active in Illinois's retail trade sector.
Lenders
24 loans
Total Volume
Median Rate
State avg: Prime + 2.25%
Default Rate
State avg: 1.6%
Top Retail Trade Lenders in Illinois
Loans
6
Rate
P+2.00%
0.9%
Small Business Administration (SBA) data only — profile coming soon
Loans
3
Rate
P+2.25%
0.0%
Small Business Administration (SBA) data only — profile coming soon
Rate Distribution (Retail Trade in Illinois)
All Retail Trade Lenders in Illinois
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Byline Bank | 6 | $19.3M | P+2.75% | 1.6% |
| 2 | Centerstone SBA Lending, Inc. | 6 | $6.3M | P+2.00% | 0.9% |
| 3 | Harvest Small Business Finance, LLC | 3 | $10.5M | P+2.25% | 0.0% |
| 4 | The Huntington National Bank | 3 | $5.0M | P+2.25% | 1.8% |
| 5 | T Bank, National Association | 3 | $5.8M | P+2.00% | 0.0% |
| 6 | First National Bank of Omaha | 3 | $1.2M | P+0.00% | 0.0% |
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Customize your search →Retail Trade SBA Lending in Illinois
6 SBA 7(a) lenders are active in Illinois's retail trade sector, having originated 24 loans totaling $48.1M. The median rate for retail trade acquisitions in Illinois is Prime + 2.25%, 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 retail trade in Illinois?
6 SBA 7(a) lenders have originated retail trade acquisition loans in Illinois, with a combined 24 loans.
What rate can I expect for a retail trade acquisition in Illinois?
The median rate is Prime + 2.25% (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 retail trade 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.