SBA Loans for Homes for the Elderly in Illinois: Top Lenders
NAICS 623NAICS 623 covers homes for the elderly businesses in Illinois. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Illinois
Median Loan Size
$414,500
per approval
Recent Activity
0
last 90 days through Jun 2024
NAICS 623 covers homes for the elderly businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $414,500.
Key trends & insights
- Homes for the Elderly in Illinois lending is concentrated — Newtek Small Business Finance, INC., Peoples National Bank, National Association, Live OAK Banking Company together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Newtek Small Business Finance, INC. leads this industry with 1 approvals (25% market share) and a median loan of $754,000.
- SBA data for this industry goes through 2024-06-21 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Homes for the Elderly in Illinois
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $754,000 | |
| 2 | 1 | $75,000 | |
| 3 | 1 | $5,000,000 | |
| 4 | 1 | $50,000 |
Recent SBA 7(a) approvals for Homes for the Elderly in Illinois
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | Live Oak Banking Company | Ros*****are | NORTHBROOK, IL | $4,750,000 |
| 2025-02 | Live Oak Banking Company | Ros*****are | NORTHBROOK, IL | $250,000 |
| 2024-06 | Peoples National Bank National Association | Pat*****nc. | CARTERVILLE, IL | $75,000 |
| 2024-01 | East West Bank | Adv*****nc. | COMMERCE, IL | $50,000 |
| 2023-03 | Newtek Small Business Finance, Inc. | BES*****NC. | CHICAGO, IL | $754,000 |
| 2022-01 | Live Oak Banking Company | Ard*****nc. | ALGONQUIN, IL | $5,000,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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