SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Illinois: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Illinois. Based on historical SBA 7(a) lending data.
Total Approvals
56
in Illinois
Median Loan Size
$357,250
per approval
Recent Activity
2
last 90 days through Aug 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 56 approvals on record and a median loan size of $357,250.
Key trends & insights
- THE Huntington National Bank leads this industry with 9 approvals (20% market share) and a median loan of $275,000.
Most active SBA lenders for Industrial Machinery and Equipment Merchant Wholesalers in Illinois
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 9 | $275,000 | |
| 2 | 4 | $49,000 | |
| 3 | 4 | $225,000 | |
| 4 | 4 | $150,000 | |
| 5 | 4 | $1,040,000 | |
| 6 | 2 | $475,000 | |
| 7 | 2 | $293,000 | |
| 8 | 2 | $1,528,500 | |
| 9 | 2 | $1,250,000 | |
| 10 | 2 | $1,000,000 | |
| 11 | 2 | $2,062,500 | |
| 12 | 1 | $536,400 | |
| 13 | 1 | $364,500 | |
| 14 | 1 | $1,785,000 | |
| 15 | 1 | $250,000 | |
| 16 | 1 | $350,000 | |
| 17 | 1 | $300,000 | |
| 18 | 1 | $60,000 | |
| 19 | 1 | $612,800 | |
| 20 | 1 | $300,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Illinois
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Celtic Bank Corporation | FIR*****RTS | NAPERVILLE, IL | $150,000 |
| 2025-12 | Northeast Bank | Rid*****LLC | Villa Grove, IL | $180,000 |
| 2025-09 | Byline Bank | OK *****NC. | CHICAGO, IL | $800,000 |
| 2025-09 | Newtek Bank, National Association | Bow*****tor | QUINCY, IL | $5,000,000 |
| 2025-08 | Byline Bank | Wh***nc. | MUNDELEIN, IL | $1,330,000 |
| 2025-08 | The Huntington National Bank | WE *****NC. | WEST CHICAGO, IL | $129,000 |
| 2025-07 | Peoples Bank | IHC*****ing | MOKENA, IL | $100,000 |
| 2025-06 | The Huntington National Bank | Par*****LLC | CHICAGO, IL | $150,000 |
| 2025-06 | Pan American Bank & Trust | PD***LLC | Lake Villa, IL | $380,000 |
| 2025-05 | U.S. Bank, National Association | ABC*****LLC | BUFFALO GROVE, IL | $43,000 |
| 2025-05 | BayFirst National Bank | 101*****LLE | NAPERVILLE, IL | $125,000 |
| 2025-04 | BayFirst National Bank | Shi*****LLC | SKOKIE, IL | $90,000 |
| 2025-04 | Byline Bank | Fir*****ion | MORRIS, IL | $2,000,000 |
| 2025-04 | The Huntington National Bank | VIN*****LLC | CHICAGO, IL | $50,000 |
| 2025-04 | Newtek Bank, National Association | Il *****LLC | Downers Grove, IL | $250,000 |
| 2025-04 | Newtek Bank, National Association | STS****ory | Granite City, IL | $200,000 |
| 2025-03 | JPMorgan Chase Bank, National Association | L &*****nc. | Bedford Park, IL | $250,000 |
| 2025-03 | The Huntington National Bank | S.B*****td. | LA GRANGE, IL | $50,000 |
| 2025-02 | Celtic Bank Corporation | JBM*****LLC | DOWNERS GROVE, IL | $150,000 |
| 2025-02 | JPMorgan Chase Bank, National Association | Cle*****LLC | WHEELING, IL | $842,300 |
| 2025-02 | PNC Bank, National Association | DMW*****LLC | ELGIN, IL | $250,000 |
| 2025-02 | Newtek Bank, National Association | DIS*****NC. | Bolingbrook, IL | $1,000,000 |
| 2025-02 | Northeast Bank | ECO*****NC. | Skokie, IL | $300,000 |
| 2025-02 | The Huntington National Bank | Luh*****LLC | MOKENA, IL | $150,000 |
| 2025-02 | U.S. Bank, National Association | SM *****LLC | CARPENTERSVILLE, IL | $50,000 |
| 2025-01 | Newtek Bank, National Association | R-E*****LLC | Sycamore, IL | $4,000,000 |
| 2025-01 | JPMorgan Chase Bank, National Association | C&D*****NC. | ITASCA, IL | $20,000 |
| 2025-01 | CDC Small Business Finance Corp. | MER*****LLC | Rolling Meadows, IL | $175,000 |
| 2025-01 | BayFirst National Bank | JLS*****TED | ROMEOVILLE, IL | $150,000 |
| 2024-12 | PNC Bank, National Association | CEL*****NC. | PROSPECT HEIGHTS, IL | $500,000 |
| 2024-12 | Newtek Bank, National Association | R-E*****LLC | Sycamore, IL | $4,000,000 |
| 2024-11 | CenTrust Bank, A Division of SmartBiz Bank National Associat | A &*****Co. | BENSENVILLE, IL | $550,000 |
| 2024-11 | BayFirst National Bank | MAS*****LLC | CHICAGO, IL | $150,000 |
| 2024-11 | Busey Bank | Ass*****LLC | ELK GROVE VILLAGE, IL | $800,000 |
| 2024-11 | Busey Bank | Ass*****LLC | Elk Grove Village, IL | $1,200,000 |
| 2024-11 | The Huntington National Bank | CHI*****LLC | HICKORY HILLS, IL | $275,000 |
| 2024-11 | Bank of Hope | OK *****NC. | CHICAGO, IL | $60,000 |
| 2024-10 | The Huntington National Bank | DI4****RP. | CHICAGO, IL | $100,000 |
| 2024-10 | Northeast Bank | Com*****ons | Chicago, IL | $12,000 |
| 2024-09 | U.S. Bank, National Association | MAY*****LLC | LA GRANGE PARK, IL | $50,000 |
| 2024-09 | BayFirst National Bank | LOM*****NC. | SCHAUMBURG, IL | $150,000 |
| 2024-09 | The Huntington National Bank | Go-****nc. | BARTLETT, IL | $150,000 |
| 2024-08 | Newtek Bank, National Association | DIS*****NC. | BOLINGBROOK, IL | $1,000,000 |
| 2024-08 | The Huntington National Bank | MAM*****LLC | MUNDELEIN, IL | $90,000 |
| 2024-08 | Wells Fargo Bank National Association | Am***LLC | MCHENRY, IL | $1,785,000 |
| 2024-08 | The Huntington National Bank | PET*****LLC | VILLA PARK, IL | $50,000 |
| 2024-08 | Newtek Bank, National Association | Acc*****ois | DeKalb, IL | $3,000,000 |
| 2024-08 | Fifth Third Bank | DEH*****LLC | MORTON GROVE, IL | $2,000,000 |
| 2024-07 | The Huntington National Bank | Osa*****Inc | BRIDGEVIEW, IL | $100,000 |
| 2024-07 | Byline Bank | CCD****rp. | CHICAGO, IL | $300,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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