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BUSINESSES UNDER TWO YEARS OLD

SBA lenders that fund brand-new businesses in Illinois

Over the last five years 3,400 SBA loans in Illinois went to businesses under two years old, 27% of every approval in the state (5 points below the national rate). 1,878 of them were loans that opened the business in the first place.

Loans to new businesses
3,400
last 5 years
Lenders that said yes
224
active in Illinois
Median approval
$232K
$74K – $560K typical
Typical term
13 yr
94% were 7(a)

The 15 most active startup lenders in Illinois

Every lender here has approved loans for businesses under two years old in Illinois. The percentage is how much of their Illinois lending went to new businesses, which tells you whether they do it routinely or made an exception.

1
Columbus, OH
New-business loans
965
Share of their IL lending
34%
Typical loan
$207K
Last approval
Mar 2026
2
Cincinnati, OH
New-business loans
249
Share of their IL lending
32%
Typical loan
$194K
Last approval
Mar 2026
3
Chicago, IL
New-business loans
174
Share of their IL lending
36%
Typical loan
$1.3M
Last approval
Mar 2026
4
Chicago, IL
New-business loans
108
Share of their IL lending
18%
Typical loan
$1.0M
Last approval
Mar 2026
5
De Graff, OH
New-business loans
83
Share of their IL lending
84%
Typical loan
$343K
Last approval
Mar 2026
6
Miami, FL
New-business loans
78
Share of their IL lending
22%
Typical loan
$424K
Last approval
Mar 2026
7
Springfield, IL
New-business loans
68
Share of their IL lending
7%
Typical loan
$990K
Last approval
Mar 2026
8
Springfield, IL
New-business loans
64
Share of their IL lending
47%
Typical loan
$203K
Last approval
Mar 2026
9
Wilmington, DE
New-business loans
50
Share of their IL lending
31%
Typical loan
$283K
Last approval
Mar 2026
10
Arlington Heights, IL
New-business loans
48
Share of their IL lending
26%
Typical loan
$681K
Last approval
Mar 2026
11
Evansville, IN
New-business loans
47
Share of their IL lending
42%
Typical loan
$1.1M
Last approval
Mar 2026
12
Lewiston, ME
New-business loans
43
Share of their IL lending
8%
Typical loan
$157K
Last approval
Mar 2026
13
Osage Beach, MO
New-business loans
39
Share of their IL lending
71%
Typical loan
$563K
Last approval
Mar 2026
14
Carmel, IN
New-business loans
34
Share of their IL lending
39%
Typical loan
$1.5M
Last approval
Mar 2026
15
Effingham, IL
New-business loans
34
Share of their IL lending
38%
Typical loan
$510K
Last approval
Jan 2026
Ranked from public SBA approvals, not from lender marketing. Being listed is not an endorsement or a promise of approval, and no lender can pay to appear here.