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IllinoisElgin

Top SBA Lenders in Elgin, IL

127 approved SBA 7(a) loans in Elgin from FY2021 through FY2026, averaging $647K per loan — 24% higher than the Illinois state average. The Huntington National Bank leads local lenders with 28 loans.

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127
Approved loans in Elgin
$647K
Average loan size
24% higher
vs. Illinois average

The most active SBA lender in Elgin is The Huntington National Bank with 28 approved loans, which may differ from the busiest lender statewide. Local track record matters: a lender that closes regularly in your city already knows the market.

Source: SBA FOIA 7(a) loan-level data, FY2021–FY2026, by borrower city. Cities with fewer than 50 approved loans in this period are not shown.

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