SBA Loans for Other Electronic Component Manufacturing in Illinois: Top Lenders
NAICS 334NAICS 334 covers other electronic component manufacturing businesses in Illinois. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Illinois
Median Loan Size
$1,800,000
per approval
Recent Activity
0
last 90 days through Feb 2023
NAICS 334 covers other electronic component manufacturing businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $1,800,000.
Key trends & insights
- Other Electronic Component Manufacturing in Illinois lending is concentrated — Schaumburg Bank & Trust Company, National Association, Bayfirst National Bank, Signature Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Schaumburg Bank & Trust Company, National Association leads this industry with 1 approvals (33% market share) and a median loan of $3,500,000.
- Other Electronic Component Manufacturing in Illinois loans run larger than the SBA average — a $1,800,000 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2023-02-17 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Other Electronic Component Manufacturing in Illinois
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $3,500,000 | |
| 2 | 1 | $130,200 | |
| 3 | 1 | $1,800,000 |
Recent SBA 7(a) approvals for Other Electronic Component Manufacturing in Illinois
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-02 | BayFirst National Bank | ZAC****LLC | CHICAGO, IL | $150,000 |
| 2023-02 | Schaumburg Bank & Trust Company, National Association | Oly*****rp. | ELGIN, IL | $3,500,000 |
| 2022-11 | BayFirst National Bank | Bul*****ion | ROLLING MEADOWS, IL | $130,200 |
| 2022-05 | Signature Bank | ELE*****LLC | CHICAGO, IL | $1,800,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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