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 |
| 2025-08 | St. Charles Bank & Trust Company, National Association | KD *****LLC | CHICAGO, IL | $350,000 |
| 2025-06 | CIBM Bank | RJD*****LLC | HOMER, IL | $150,000 |
| 2025-03 | Morton Community Bank | BDB*****ION | SPRINGFIELD, IL | $50,000 |
| 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 |
| 2025-01 | First American Bank | GMI*****LLC | FREEBURG, IL | $2,450,000 |
| 2025-01 | First American Bank | GMI*****LLC | FREEBURG, 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 | $3,715,000 |
| 2024-02 | Midland States Bank | EVE*****LLC | ROCKFORD, IL | $4,040,000 |
| 2023-11 | Byline Bank | THE*****ANY | RINGWOOD, IL | $983,000 |
| 2023-10 | The Huntington National Bank | MY-*****NC. | Glenview, IL | $21,600 |
| 2022-08 | Old National Bank | Pre*****LLC | CRYSTAL LAKE, IL | $3,290,100 |
| 2022-08 | Old National Bank | Pre*****LLC | CRYSTAL LAKE, IL | $500,000 |
| 2022-06 | Byline Bank | GC *****rp. | WOOD DALE, IL | $1,970,000 |
| 2022-04 | The Huntington National Bank | DJW*****NC. | ARLINGTON HTS, IL | $250,000 |
| 2022-02 | The Huntington National Bank | WD3*****nc. | South Holland, IL | $350,000 |
| 2021-08 | Union National Bank | ERG*****NC. | CAROL STREAM, IL | $500,000 |
| 2021-07 | First Mid Bank & Trust, National Association | Con*****Inc | COATSBURG, IL | $50,000 |
| 2021-06 | Fifth Third Bank | NOV*****INC | FRANKLIN PARK, IL | $300,000 |
| 2021-06 | U.S. Bank, National Association | CHI*****nc. | CHICAGO, IL | $182,300 |
| 2021-06 | U.S. Bank, National Association | CHI*****ING | CHICAGO, IL | $25,000 |
| 2021-05 | Hinsdale Bank & Trust Company, National Association | Nic*****nc. | SENECA, IL | $921,300 |
| 2021-05 | Hinsdale Bank & Trust Company, National Association | Nic*****nc. | SENECA, IL | $375,000 |
| 2021-02 | Byline Bank | ROC*****NC. | ELK GROVE VILLAGE, IL | $2,048,000 |
| 2021-01 | Community State Bank | Joh*****ted | Galva, IL | $1,210,000 |
| 2020-12 | Hinsdale Bank & Trust Company, National Association | TOR*****NC. | MOKENA, IL | $550,000 |
| 2020-11 | St. Charles Bank & Trust Company, National Association | S &*****LLC | MORRIS, IL | $400,000 |
| 2020-08 | Heartland Bank and Trust Company | Cap*****.C. | SPRINGFIELD, IL | $260,000 |
| 2020-08 | State Bank of the Lakes, National Association | Adv*****Inc | ANTIOCH, IL | $357,000 |
| 2020-04 | CenTrust Bank, A Division of SmartBiz Bank National Associat | Pre*****orp | Melrose Park, IL | $1,753,000 |
| 2020-04 | First Internet Bank of Indiana | ATL*****INC | Lyons, IL | $350,000 |
| 2020-02 | Village Bank and Trust, National Association | KIR*****NC. | CHICAGO, IL | $150,000 |
| 2019-12 | Byline Bank | 280*****hip | Broadview, IL | $3,913,500 |
| 2019-11 | Byline Bank | Arl*****nc. | ARLINGTON HEIGHTS, IL | $2,370,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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