SBA Loans for Machine Shops in Illinois: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Illinois. Based on historical SBA 7(a) lending data.
Total Approvals
38
in Illinois
Median Loan Size
$366,000
per approval
Recent Activity
5
last 90 days through Nov 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 38 approvals on record and a median loan size of $366,000.
Key trends & insights
- THE Huntington National Bank leads this industry with 6 approvals (16% market share) and a median loan of $147,500.
Most active SBA lenders for Machine Shops in Illinois
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 6 | $147,500 | |
| 2 | 5 | $2,048,000 | |
| 3 | 3 | $550,000 | |
| 4 | 2 | $2,032,500 | |
| 5 | 2 | $1,350,000 | |
| 6 | 2 | $375,000 | |
| 7 | 2 | $1,642,500 | |
| 8 | 2 | $1,895,050 | |
| 9 | 2 | $103,650 | |
| 10 | 1 | $50,000 | |
| 11 | 1 | $260,000 | |
| 12 | 1 | $150,000 | |
| 13 | 1 | $357,000 | |
| 14 | 1 | $1,210,000 | |
| 15 | 1 | $300,000 | |
| 16 | 1 | $4,040,000 | |
| 17 | 1 | $50,000 | |
| 18 | 1 | $50,000 | |
| 19 | 1 | $150,000 | |
| 20 | 1 | $500,000 |
Recent SBA 7(a) approvals for Machine Shops in Illinois
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | The Huntington National Bank | DCU*****LLC | SCHAUMBURG, IL | $350,000 |
| 2025-11 | The Huntington National Bank | Goa*****LLC | ROCKFORD, IL | $20,000 |
| 2025-11 | The Huntington National Bank | Goa*****LLC | ROCKFORD, IL | $45,000 |
| 2025-11 | The Huntington National Bank | Ace*****nc. | LOMBARD, IL | $200,000 |
| 2025-09 | Byline Bank | DMM*****LLC | CHICAGO, IL | $100,000 |
| 2025-09 | Newtek Bank, National Association | Lov*****LLC | Warrenville, IL | $75,000 |
| 2025-09 | Byline Bank | DMM*****LLC | CHICAGO, IL | $1,100,000 |
| 2025-09 | The Huntington National Bank | Tay*****LLC | WAUCONDA, IL | $95,000 |
| 2025-09 | The Huntington National Bank | Tay*****LLC | WAUCONDA, IL | $50,000 |
| 2025-08 | St. Charles Bank & Trust Company, National Association | KD *****LLC | CHICAGO, IL | $350,000 |
| 2025-08 | The Huntington National Bank | Anc*****LLC | CAROL STREAM, IL | $2,333,500 |
| 2025-08 | Newtek Bank, National Association | Kri*****nc. | GODLEY, IL | $350,000 |
| 2025-07 | U.S. Bank, National Association | Cut*****ted | Franklin Park, IL | $350,000 |
| 2025-07 | FWBank | MCG*****NC. | ELGIN, IL | $3,174,500 |
| 2025-07 | FWBank | MCG*****NC. | ELGIN, IL | $500,000 |
| 2025-06 | CIBM Bank | RJD*****LLC | HOMER, IL | $150,000 |
| 2025-03 | Morton Community Bank | BDB*****ION | SPRINGFIELD, IL | $50,000 |
| 2025-03 | Byline Bank | EQU*****TED | CHICAGO, IL | $800,000 |
| 2025-03 | Midland States Bank | VAN*****LLC | WEST CHICAGO, IL | $75,000 |
| 2025-02 | Libertyville Bank & Trust Company, National Association | HAL*****NC. | WOOD DALE, IL | $500,000 |
| 2025-02 | Libertyville Bank & Trust Company, National Association | HAL*****NC. | WOOD DALE, IL | $2,785,000 |
| 2025-02 | Community State Bank | Joh*****ted | Galva, IL | $1,987,000 |
| 2025-01 | First American Bank | GMI*****LLC | FREEBURG, IL | $250,000 |
| 2025-01 | First American Bank | GMI*****LLC | FREEBURG, IL | $2,450,000 |
| 2024-11 | U.S. Bank, National Association | OOS*****INC | WESTMONT, IL | $200,000 |
| 2024-11 | Midland States Bank | PFE*****LLC | NEW LENOX, IL | $248,000 |
| 2024-10 | Fifth Third Bank | Iba*****LLC | CHICAGO, IL | $100,000 |
| 2024-09 | State Bank of the Lakes, National Association | Con*****LLC | SCHAUMBURG, IL | $100,000 |
| 2024-09 | State Bank of the Lakes, National Association | JJT*****LLC | SCHAUMBURG, IL | $1,625,900 |
| 2024-09 | The Huntington National Bank | WIL*****TD. | SCHAUMBURG, IL | $250,000 |
| 2024-08 | Northeast Bank | LAF*****NC. | South Elgin, IL | $50,000 |
| 2024-07 | First Internet Bank of Indiana | Iro*****LLC | MOUNT VERNON, IL | $500,000 |
| 2024-07 | First Internet Bank of Indiana | Iro*****LLC | MOUNT VERNON, IL | $3,715,000 |
| 2024-06 | St. Charles Bank & Trust Company, National Association | F. *****ION | OREGON, IL | $600,000 |
| 2024-06 | St. Charles Bank & Trust Company, National Association | F. *****ION | OREGON, IL | $400,000 |
| 2024-06 | Barrington Bank & Trust Company, National Association | Nat*****LLC | MELROSE PARK, IL | $150,000 |
| 2024-06 | Barrington Bank & Trust Company, National Association | Nat*****LLC | MELROSE PARK, IL | $1,135,000 |
| 2024-06 | Midland States Bank | CRO*****NC. | ROCKFORD, IL | $4,460,000 |
| 2024-06 | U.S. Bank, National Association | IQM*****LLC | ANTIOCH, IL | $961,500 |
| 2024-02 | Midland States Bank | EVE*****LLC | ROCKFORD, IL | $4,040,000 |
| 2024-02 | Midland States Bank | EVE*****LLC | ROCKFORD, IL | $500,000 |
| 2024-01 | U.S. Bank, National Association | MUE*****NC. | ELK GROVE VILLAGE, IL | $150,000 |
| 2024-01 | U.S. Bank, National Association | MUE*****NC. | ELK GROVE VILLAGE, IL | $277,100 |
| 2023-11 | The Huntington National Bank | KD *****LLC | CHICAGO, IL | $2,763,000 |
| 2023-11 | The Huntington National Bank | KD *****LLC | CHICAGO, IL | $350,000 |
| 2023-11 | Byline Bank | THE*****ANY | RINGWOOD, IL | $983,000 |
| 2023-10 | Old National Bank | Ast*****Inc | Bedford Park, IL | $3,519,700 |
| 2023-10 | The Huntington National Bank | MY-*****NC. | Glenview, IL | $21,600 |
| 2023-09 | The Huntington National Bank | MY-*****NC. | Glenview, IL | $225,000 |
| 2023-07 | The Huntington National Bank | Dia*****ion | Melrose Park, IL | $100,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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