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SBA Loans in Elgin, IL

Explore recent SBA 7(a) and 504 lending activity in Elgin. See which lenders are active, what industries are getting funded, and how much capital is flowing into local small businesses.

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Total SBA loans
885
all programs
Approved $
$375.9M
last 24 months
Avg loan
$425K
median $245K
Active lenders
89
approved here
Jobs supported
8,944
cumulative

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ELGIN · 885 LOANS

Top lenders in Elgin

Union National Bank
102
JPMorgan Chase Bank, National Association
94
Small Business Growth Corporation
87
SomerCor 504, Inc.
76
The Huntington National Bank
43
U.S. Bank, National Association
42

Top industries in Elgin

Full-Service Restaurants
24
"General Freight Trucking, Long-Distance, Truckload"
20
General Automotive Repair
20
"General Freight Trucking, Local"
19
Drycleaning and Laundry Services (except Coin-Operated)
17
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Loan records · Elgin, IL
Showing largest 500 of 885 records
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SRO ELGIN, INC.
Elgin, IL · 60123
$5,000,000
7(a)
Byline Bank$152K/job · 2022-01-23
JSK HOSPITALITY INC.
Elgin, IL · 60123
$5,000,000
7(a)
GBank$833K/job · 2024-03-16
CKD Estate LLC
Elgin, IL · 60124
$5,000,000
504
Small Business Growth Corporation$100K/job · 2022-11-22
M&M Pizza II, Inc.
Elgin, IL · 60124
$4,750,000
7(a)
Live Oak Banking Company$95K/job · 2025-06-25
Goldcoast Global IL LLC
Elgin, IL · 60124
$3,576,000
504
Small Business Growth Corporation$72K/job · 2020-10-08
First Priority, Inc.
Elgin, IL · 60123
$3,500,000
7(a)
Heartland Bank and Trust Company$48K/job · 2014-07-14
Olympic Controls Corp.
Elgin, IL · 60123
$3,500,000
7(a)
Schaumburg Bank & Trust Company, National Association$88K/job · 2023-02-17
Pembroke 3, LLC
Elgin, IL · 60124
$3,313,000
504
SomerCor 504, Inc.$133K/job · 2021-10-01
EVIL INTENTIONS HAUNTED HOUSE, LLC
Elgin, IL · 60120
$3,275,000
7(a)
Newtek Bank, National Association$11K/job · 2023-10-12
MCGUIRE JOHNS HOLDINGS INC.
Elgin, IL · 60123
$3,174,500
7(a)
FWBank$167K/job · 2025-07-17
JIT Packaging, Inc.
Elgin, IL · 60120
$3,083,000
504
Small Business Growth Corporation$206K/job · 2014-10-10
Sunflower Elgin 2750 LLC
Elgin, IL · 60124
$3,038,000
504
Small Business Growth Corporation$276K/job · 2021-08-06
Mark Industries, Ltd.
Elgin, IL · 60123
$3,000,000
7(a)
Old National Bank$111K/job · 2019-07-11
STAR VENTURES, INC.
Elgin, IL · 60124
$2,938,600
7(a)
Wheaton Bank & Trust Company, National Association$65K/job · 2025-06-13
MKD Electric, Inc.
Elgin, IL · 60124
$2,904,000
504
SomerCor 504, Inc.$41K/job · 2017-07-10
VILLAGE PIZZA AND PUB, LLC
Elgin, IL · 60123
$2,790,300
7(a)
First Bank of the Lake$43K/job · 2023-04-17
Rieke Office Interiors, Inc.
Elgin, IL · 60123
$2,634,000
504
Illinois Business Financial Services$41K/job · 2012-06-28
Tooling Solutions, Inc.
Elgin, IL · 60123
$2,600,000
7(a)
American Community Bank & Trust$113K/job · 2023-07-28
Olis Holding, Inc.
Elgin, IL · 60124
$2,600,000
7(a)
American Community Bank & Trust$79K/job · 2021-07-14
Elgin Hotels LLC
Elgin, IL · 60124
$2,528,000
504
Small Business Growth Corporation$843K/job · 2025-12-07
DMW Retail Enterprises, LLC
Elgin, IL · 60123
$2,525,000
7(a)
First Business Bank$210K/job · 2020-11-05
RTS International 2, LLC
Elgin, IL · 60123
$2,467,000
504
Small Business Growth Corporation$1.2M/job · 2019-07-11
ELGIN HOSPITALITY GROUP LLC
Elgin, IL · 60123
$2,460,000
504
SomerCor 504, Inc.$123K/job · 2017-02-21
A-TEC AMBULANCE INC
Elgin, IL · 60124
$2,445,300
7(a)
Village Bank and Trust, National Association$17K/job · 2014-08-26
V.I.P. Property Maintenance, Inc.
Elgin, IL · 60124
$2,415,000
7(a)
Byline Bank2014-10-13
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