SBA Loans in Spring Grove, IL

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

Browse all loans Find lenders in Spring Grove

Total SBA loans

all programs

Approved $

$22.8M

last 24 months

Avg loan

$279K

median $245K

Active lenders

approved here

Jobs supported

421

cumulative

Loan activity map

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SPRING GROVE · 82 LOANS

Top lenders in Spring Grove

U.S. Bank, National Association

SomerCor 504, Inc.

Home State Bank, National Association

State Bank of the Lakes, National Association

The Huntington National Bank

Small Business Growth Corporation

Top industries in Spring Grove

All Other Plastics Product Manufacturing

Flooring Contractors

All Other Miscellaneous Electrical Equipment and Component Manufacturing

"Automotive Body, Paint, and Interior Repair and Maintenance"

Child Day Care Services

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Loan records · Spring Grove, IL

82 records

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Borrower

Location

Program

Industry

ADVANCED MOTOR EVOLUTION, LTD.Home State Bank, National Association

Spring Grove, IL

60081

$1,290,000

—

7(a)

All Other Miscellaneous Electrical Equipment and Component Manufacturing

2002-06-27

KBI Custom Case, Inc.SomerCor 504, Inc.

Spring Grove, IL

60081

$1,152,000

—

504

Wood Kitchen Cabinet and Countertop Manufacturing

2025-07-16

ADVANCED MOTOR EVOLUTION Home State Bank, National Association

Spring Grove, IL

60081

$1,100,000

—

7(a)

All Other Miscellaneous Electrical Equipment and Component Manufacturing

2003-09-11

ENGINEERED MOLDING SOLUTIONS Bank of America, National Association

Spring Grove, IL

60081

$1,060,000

—

7(a)

All Other Plastics Product Manufacturing

2001-04-04

VECTOR MANUFACTURING INC.SomerCor 504, Inc.

Spring Grove, IL

60081

$1,000,000

$43K

504

—

1998-12-01

Michael A. Creeden & Robin Creeden The Harvard State Bank

Spring Grove, IL

60081

$952,500

$41K

7(a)

Oilseed (except Soybean) Farming

2013-08-23

BA Solutions Small Business Growth Corporation

Spring Grove, IL

60081

$902,000

$451K

504

Electrical Contractors

2024-10-17

Quest Manufacturing, Inc.U.S. Bank, National Association

Spring Grove, IL

60081

$853,600

$213K

7(a)

Machine Shops

2014-06-30

MILL-TECH PRODUCTS, INC.Small Business Growth Corporation

Spring Grove, IL

60081

$835,000

$35K

504

—

1999-06-28

SPRING GROVE FUNERAL CHAPEL U.S. Bank, National Association

Spring Grove, IL

60081

$820,000

$820K

7(a)

Funeral Homes and Funeral Services

2002-07-23

SPORTDECALS INC SomerCor 504, Inc.

Spring Grove, IL

60081

$725,000

$48K

504

Sporting and Athletic Goods Manufacturing

2004-08-06

ANTIOCH PEPPERMINT STICK BMO Bank National Association

Spring Grove, IL

60081

$617,400

—

7(a)

Child Day Care Services

2002-09-27

Chicago Coffee Roastery, Inc Rockford Local Development Corporation

Spring Grove, IL

60081

$608,000

—

504

All Other Miscellaneous Food Manufacturing

2015-01-15

M & R Digital Innovations, Inc.The Harvard State Bank

Spring Grove, IL

60081

$500,000

$22K

7(a)

Computer Systems Design Services

2013-08-23

Bob Lembke Truck Service Federal Deposit Insurance Corporation

Spring Grove, IL

60081

$427,600

$214K

7(a)

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

2009-11-20

Precision Molded Concepts, Inc.SomerCor 504, Inc.

Spring Grove, IL

60081

$414,000

$59K

504

All Other Plastics Product Manufacturing

2012-02-16

Coil & Transformer Evolution, Inc.Home State Bank, National Association

Spring Grove, IL

60081

$350,000

—

7(a)

Motor and Generator Manufacturing

2004-09-28

Weer Insurance and Financial Services, Inc Pathward National Association

Spring Grove, IL

60081

$350,000

$35K

7(a)

Insurance Agencies and Brokerages

2019-09-03

Quest Manufacturing, Inc.U.S. Bank, National Association

Spring Grove, IL

60081

$350,000

$88K

7(a)

Machine Shops

2014-06-30

CRJ1 Enterprises, LLC Newtek Small Business Finance, Inc.

Spring Grove, IL

60081

$350,000

$35K

7(a)

Residential Remodelers

2022-12-13

ATLAS SAW & TOOL INC AND TEM T Small Business Growth Corporation

Spring Grove, IL

60081

$341,000

$49K

504

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

2008-03-13

M2 Management Co The Huntington National Bank

Spring Grove, IL

60081

$336,300

$48K

7(a)

Flooring Contractors

2021-01-29

M2 Management Company The Huntington National Bank

Spring Grove, IL

60081

$336,300

—

7(a)

Flooring Contractors

2020-12-02

BSB Development Incorporated Village Bank and Trust, National Association

Spring Grove, IL

60081

$336,000

$26K

7(a)

Lessors of Nonresidential Buildings (except Miniwarehouses)

2012-01-18

The Bristol Group, LLC Byline Bank

Spring Grove, IL

60081

$325,000

—

7(a)

Landscaping Services

2014-08-06

ADVANCED MOTOR EVOLUTION, LTD.

Spring Grove, IL · 60081

$1,290,000

7(a)

Home State Bank, National Association2002-06-27

KBI Custom Case, Inc.

Spring Grove, IL · 60081

$1,152,000

504

SomerCor 504, Inc.2025-07-16

ADVANCED MOTOR EVOLUTION

Spring Grove, IL · 60081

$1,100,000

7(a)

Home State Bank, National Association2003-09-11

ENGINEERED MOLDING SOLUTIONS

Spring Grove, IL · 60081

$1,060,000

7(a)

Bank of America, National Association2001-04-04

VECTOR MANUFACTURING INC.

Spring Grove, IL · 60081

$1,000,000

504

SomerCor 504, Inc.$43K/job · 1998-12-01

Michael A. Creeden & Robin Creeden

Spring Grove, IL · 60081

$952,500

7(a)

The Harvard State Bank$41K/job · 2013-08-23

BA Solutions

Spring Grove, IL · 60081

$902,000

504

Small Business Growth Corporation$451K/job · 2024-10-17

Quest Manufacturing, Inc.

Spring Grove, IL · 60081

$853,600

7(a)

U.S. Bank, National Association$213K/job · 2014-06-30

MILL-TECH PRODUCTS, INC.

Spring Grove, IL · 60081

$835,000

504

Small Business Growth Corporation$35K/job · 1999-06-28

SPRING GROVE FUNERAL CHAPEL

Spring Grove, IL · 60081

$820,000

7(a)

U.S. Bank, National Association$820K/job · 2002-07-23

SPORTDECALS INC

Spring Grove, IL · 60081

$725,000

504

SomerCor 504, Inc.$48K/job · 2004-08-06

ANTIOCH PEPPERMINT STICK

Spring Grove, IL · 60081

$617,400

7(a)

BMO Bank National Association2002-09-27

Chicago Coffee Roastery, Inc

Spring Grove, IL · 60081

$608,000

504

Rockford Local Development Corporation2015-01-15

M & R Digital Innovations, Inc.

Spring Grove, IL · 60081

$500,000

7(a)

The Harvard State Bank$22K/job · 2013-08-23

Bob Lembke Truck Service

Spring Grove, IL · 60081

$427,600

7(a)

Federal Deposit Insurance Corporation$214K/job · 2009-11-20

Precision Molded Concepts, Inc.

Spring Grove, IL · 60081

$414,000

504

SomerCor 504, Inc.$59K/job · 2012-02-16

Coil & Transformer Evolution, Inc.

Spring Grove, IL · 60081

$350,000

7(a)

Home State Bank, National Association2004-09-28

Weer Insurance and Financial Services, Inc

Spring Grove, IL · 60081

$350,000

7(a)

Pathward National Association$35K/job · 2019-09-03

Quest Manufacturing, Inc.

Spring Grove, IL · 60081

$350,000

7(a)

U.S. Bank, National Association$88K/job · 2014-06-30

CRJ1 Enterprises, LLC

Spring Grove, IL · 60081

$350,000

7(a)

Newtek Small Business Finance, Inc.$35K/job · 2022-12-13

ATLAS SAW & TOOL INC AND TEM T

Spring Grove, IL · 60081

$341,000

504

Small Business Growth Corporation$49K/job · 2008-03-13

M2 Management Co

Spring Grove, IL · 60081

$336,300

7(a)

The Huntington National Bank$48K/job · 2021-01-29

M2 Management Company

Spring Grove, IL · 60081

$336,300

7(a)

The Huntington National Bank2020-12-02

BSB Development Incorporated

Spring Grove, IL · 60081

$336,000

7(a)

Village Bank and Trust, National Association$26K/job · 2012-01-18

The Bristol Group, LLC

Spring Grove, IL · 60081

$325,000

7(a)

Byline Bank2014-08-06

1–25 of 82

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