SBA Loans for Electrical Contractors in Illinois: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Illinois. Based on historical SBA 7(a) lending data.
Total Approvals
169
in Illinois
Median Loan Size
$144,000
per approval
Recent Activity
16
last 90 days through Dec 2025
NAICS 238 covers electrical contractors businesses. This is a moderately active sector for SBA 7(a) lending with 169 approvals and a median loan size of $144,000.
Key trends & insights
- Electrical Contractors in Illinois lending is concentrated — THE Huntington National Bank, U.s. Bank, National Association, Jpmorgan Chase Bank, National Association together account for 56% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 42 approvals (31% market share) and a median loan of $75,000.
- Electrical Contractors in Illinois loans skew smaller than the SBA average at $144,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Illinois
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 42 | $75,000 | |
| 2 | 22 | $30,000 | |
| 3 | 11 | $100,000 | |
| 4 | 5 | $350,000 | |
| 5 | 5 | $590,000 | |
| 6 | 5 | $150,000 | |
| 7 | 4 | $270,250 | |
| 8 | 4 | $123,100 | |
| 9 | 4 | $365,000 | |
| 10 | 4 | $100,000 | |
| 11 | 4 | $150,000 | |
| 12 | 4 | $195,700 | |
| 13 | 3 | $100,000 | |
| 14 | 3 | $300,000 | |
| 15 | 3 | $39,000 | |
| 16 | 3 | $100,000 | |
| 17 | 3 | $2,500,000 | |
| 18 | 2 | $290,000 | |
| 19 | 2 | $564,500 | |
| 20 | 2 | $381,750 |
Recent SBA 7(a) approvals for Electrical Contractors in Illinois
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | CenTrust Bank, A Division of SmartBiz Bank National Associat | Lig*****rp. | DOWNERS GROVE, IL | $135,000 |
| 2025-11 | The Huntington National Bank | PRE*****LLC | ELMWOOD PARK, IL | $125,000 |
| 2025-11 | Live Oak Banking Company | Ele*****nc. | BERKELEY, IL | $200,000 |
| 2025-11 | JPMorgan Chase Bank, National Association | Nic*****Llc | Arlington Heights, IL | $180,000 |
| 2025-11 | The Huntington National Bank | Win*****Inc | CHICAGO, IL | $43,000 |
| 2025-11 | The Huntington National Bank | Win*****Inc | CHICAGO, IL | $143,000 |
| 2025-11 | U.S. Bank, National Association | PEN*****LLC | CHICAGO, IL | $25,000 |
| 2025-08 | Fifth Third Bank | ISA*****ORP | MANHATTAN, IL | $100,000 |
| 2025-08 | American Community Bank of Indiana | Bar*****rp. | South Holland, IL | $1,180,000 |
| 2025-08 | Harvest Small Business Finance, LLC | Chi*****dic | CHICAGO, IL | $1,190,000 |
| 2025-08 | Lendistry SBLC, LLC | RJ'*****LLC | Barrington, IL | $80,000 |
| 2025-08 | U.S. Bank, National Association | OLS*****ANY | TOWER LAKES, IL | $100,000 |
| 2025-08 | U.S. Bank, National Association | IIQ*****INC | BRIDGEVIEW, IL | $45,000 |
| 2025-08 | First Commonwealth Bank | Hom**** Co | OAK PARK, IL | $176,000 |
| 2025-06 | The Huntington National Bank | Way*****nc. | PALATINE, IL | $41,600 |
| 2025-06 | The Huntington National Bank | Way*****nc. | PALATINE, IL | $41,600 |
| 2025-05 | Brookline Bank, a Division of Beacon Bank and Trust | D&R*****LLC | WEST CHICAGO, IL | $1,454,000 |
| 2025-05 | PNC Bank, National Association | WOL*****ION | TINLEY PARK, IL | $100,000 |
| 2025-04 | Northeast Bank | WIL*****NC. | WOOD DALE, IL | $300,000 |
| 2025-04 | U.S. Bank, National Association | MAR*****LLC | SCHAUMBURG, IL | $100,000 |
| 2025-03 | Harvest Small Business Finance, LLC | Vet*****nc. | LAKE ZURICH, IL | $297,000 |
| 2025-03 | U.S. Bank, National Association | J S*****LLC | CHICAGO, IL | $1,112,300 |
| 2025-03 | Cadence Bank | LCM*****LLC | Antioch, IL | $605,000 |
| 2025-03 | Village Bank and Trust, National Association | MOO*****LLC | GURNEE, IL | $702,400 |
| 2025-03 | The Huntington National Bank | Wel*****LLC | FLOSSMOOR, IL | $120,400 |
| 2025-02 | U.S. Bank, National Association | LP *****INC | WHEATON, IL | $20,000 |
| 2025-02 | Peoples Bank & Trust | Env*****LLC | ROCHESTER, IL | $40,000 |
| 2025-02 | The Huntington National Bank | Cru*****INC | CHICAGO, IL | $150,000 |
| 2025-01 | U.S. Bank, National Association | USA*****NC. | GURNEE, IL | $30,000 |
| 2025-01 | Old National Bank | FRE*****LLC | CHICAGO, IL | $607,500 |
| 2025-01 | Northeast Bank | PIV*****LLC | Goodfield, IL | $400,800 |
| 2025-01 | Bank of Springfield | Pay*****LLC | GRANITE CITY, IL | $100,000 |
| 2025-01 | Old National Bank | FRE*****LLC | CHICAGO, IL | $250,000 |
| 2025-01 | JPMorgan Chase Bank, National Association | GRA*****NC. | CHICAGO, IL | $300,000 |
| 2025-01 | Bank of Springfield | Pay*****LLC | GRANITE CITY, IL | $665,000 |
| 2025-01 | Northeast Bank | JOE*****NC. | Crystal Lake, IL | $91,400 |
| 2025-01 | Bank of Springfield | Sun*****Inc | MANSFIELD, IL | $146,200 |
| 2025-01 | Stearns Bank National Association | ARE*****NC. | FRANKFORT, IL | $50,000 |
| 2025-01 | The Bank of Houston | Leg*****LLC | Richmond, IL | $882,500 |
| 2025-01 | U.S. Bank, National Association | MOD*****LLC | LINCOLNWOOD, IL | $50,000 |
| 2024-12 | Village Bank and Trust, National Association | RCJ*****Ltd | LAKE IN THE HILLS, IL | $500,000 |
| 2024-11 | First National Bank of Pennsylvania | Com*****nc. | SAINT CHARLES, IL | $891,000 |
| 2024-11 | First National Bank of Pennsylvania | Com*****nc. | SAINT CHARLES, IL | $50,000 |
| 2024-11 | BayFirst National Bank | UNI*****NC. | CAROL STREAM, IL | $150,000 |
| 2024-11 | Fifth Third Bank | Gra*****LLC | VILLA PARK, IL | $28,000 |
| 2024-10 | Old Second National Bank | ALL*****NC. | GLENDALE HEIGHTS, IL | $407,000 |
| 2024-08 | The Huntington National Bank | Sie*****nc. | PLAINFIELD, IL | $40,000 |
| 2024-08 | CenTrust Bank, A Division of SmartBiz Bank National Associat | Mec*****nc. | Hoffman Estates, IL | $994,000 |
| 2024-08 | U.S. Bank, National Association | BET*****LLC | WELDON, IL | $10,000 |
| 2024-08 | Lendistry SBLC, LLC | MID*****ETE | PEARL CITY, IL | $500,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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