SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in Illinois: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in Illinois. Based on historical SBA 7(a) lending data.
Total Approvals
56
in Illinois
Median Loan Size
$357,250
per approval
Recent Activity
2
last 90 days through Aug 2025
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 56 approvals on record and a median loan size of $357,250.
Key trends & insights
- THE Huntington National Bank leads this industry with 9 approvals (20% market share) and a median loan of $275,000.
Most active SBA lenders for Industrial Machinery and Equipment Merchant Wholesalers in Illinois
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 9 | $275,000 | |
| 2 | 4 | $49,000 | |
| 3 | 4 | $225,000 | |
| 4 | 4 | $150,000 | |
| 5 | 4 | $1,040,000 | |
| 6 | 2 | $475,000 | |
| 7 | 2 | $293,000 | |
| 8 | 2 | $1,528,500 | |
| 9 | 2 | $1,250,000 | |
| 10 | 2 | $1,000,000 | |
| 11 | 2 | $2,062,500 | |
| 12 | 1 | $536,400 | |
| 13 | 1 | $364,500 | |
| 14 | 1 | $1,785,000 | |
| 15 | 1 | $250,000 | |
| 16 | 1 | $350,000 | |
| 17 | 1 | $300,000 | |
| 18 | 1 | $60,000 | |
| 19 | 1 | $612,800 | |
| 20 | 1 | $300,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in Illinois
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Byline Bank | Wh***nc. | MUNDELEIN, IL | $1,330,000 |
| 2025-08 | The Huntington National Bank | WE *****NC. | WEST CHICAGO, IL | $129,000 |
| 2025-05 | U.S. Bank, National Association | ABC*****LLC | BUFFALO GROVE, IL | $43,000 |
| 2025-02 | Celtic Bank Corporation | JBM*****LLC | DOWNERS GROVE, IL | $150,000 |
| 2025-01 | Newtek Bank, National Association | R-E*****LLC | Sycamore, IL | $4,000,000 |
| 2024-11 | Bank of Hope | OK *****NC. | CHICAGO, IL | $60,000 |
| 2024-11 | Busey Bank | Ass*****LLC | ELK GROVE VILLAGE, IL | $800,000 |
| 2024-11 | Busey Bank | Ass*****LLC | Elk Grove Village, IL | $1,200,000 |
| 2024-11 | The Huntington National Bank | CHI*****LLC | HICKORY HILLS, IL | $275,000 |
| 2024-08 | The Huntington National Bank | MAM*****LLC | MUNDELEIN, IL | $90,000 |
| 2024-08 | Wells Fargo Bank National Association | Am***LLC | MCHENRY, IL | $1,785,000 |
| 2024-08 | The Huntington National Bank | PET*****LLC | VILLA PARK, IL | $50,000 |
| 2024-08 | Fifth Third Bank | DEH*****LLC | MORTON GROVE, IL | $2,000,000 |
| 2024-04 | BayFirst National Bank | Bea*****nc. | CHICAGO, IL | $150,000 |
| 2024-04 | Midland States Bank | G &*****INC | STREATOR, IL | $900,000 |
| 2024-03 | The Huntington National Bank | STA****LLC | CHICAGO, IL | $350,000 |
| 2024-02 | BayFirst National Bank | Lom*****nc. | SCHAUMBURG, IL | $150,000 |
| 2023-12 | BayFirst National Bank | Bea*****nc. | CHICAGO, IL | $150,000 |
| 2023-11 | Capital Bank, National Association | Mec*****nc. | Island Lake, IL | $3,657,500 |
| 2023-11 | VelocitySBA, LLC | T &*****LLC | PERU, IL | $364,500 |
| 2023-10 | Newtek Bank, National Association | SUM*****INC | TINLEY PARK, IL | $125,000 |
| 2023-05 | Barrington Bank & Trust Company, National Association | MBE*****INC | CHICAGO, IL | $2,557,000 |
| 2023-05 | Barrington Bank & Trust Company, National Association | MBE*****INC | CHICAGO, IL | $500,000 |
| 2023-04 | CenTrust Bank, A Division of SmartBiz Bank National Associat | JS *****LLC | Addison, IL | $481,000 |
| 2023-02 | PNC Bank, National Association | EUR*****NC. | MOUNT PROSPECT, IL | $50,000 |
| 2023-01 | Union National Bank | CRE*****INC | WOOD DALE, IL | $200,000 |
| 2022-11 | U.S. Bank, National Association | CC***LLC | EVERGREEN PARK, IL | $20,000 |
| 2022-11 | Bank of America, National Association | Cop*****nc. | SAINT CHARLES, IL | $300,000 |
| 2022-08 | The Huntington National Bank | Kit*****LLC | Melrose, IL | $500,000 |
| 2022-08 | The Huntington National Bank | Kit*****LLC | Melrose, IL | $1,149,600 |
| 2022-08 | BayFirst National Bank | Whe*****LLC | CHICAGO, IL | $150,000 |
| 2022-08 | Crystal Lake Bank & Trust Company, National Association | PKG*****any | CRYSTAL LAKE, IL | $350,000 |
| 2022-06 | St. Charles Bank & Trust Company, National Association | PRI*****NC. | SAINT CHARLES, IL | $1,350,000 |
| 2022-05 | The Huntington National Bank | FNR*****Inc | Lombard, IL | $1,655,000 |
| 2022-05 | The Huntington National Bank | FNR*****Inc | Lombard, IL | $150,000 |
| 2022-03 | Fifth Third Bank | OEM*****ION | MAYWOOD, IL | $500,000 |
| 2022-03 | Regions Bank | Ban*****Inc | ROXANA, IL | $300,000 |
| 2021-08 | Union National Bank | Ren*****ots | ARLINGTON HEIGHTS, IL | $172,000 |
| 2021-08 | Union National Bank | Add*****ial | ARLINGTON HEIGHTS, IL | $250,000 |
| 2021-08 | American Bank of Freedom | ALP*****RP. | Litchfield, IL | $4,050,000 |
| 2021-08 | Merchants Bank of Indiana | Inv*****LLC | Elmhurst, IL | $881,000 |
| 2021-08 | Cathay Bank | NBS*****ION | ELK GROVE VILLAGE, IL | $337,500 |
| 2021-06 | Byline Bank | Cen*****use | MOKENA, IL | $750,000 |
| 2021-06 | Byline Bank | Cen*****use | MOKENA, IL | $1,350,000 |
| 2021-05 | Libertyville Bank & Trust Company, National Association | GAM*****INC | MOUNT PROSPECT, IL | $612,800 |
| 2021-04 | Union National Bank | Dir*****nc. | SOUTH ELGIN, IL | $400,000 |
| 2021-02 | Byline Bank | T&B*****LLC | MONTGOMERY, IL | $245,000 |
| 2020-12 | Newtek Small Business Finance, Inc. | TNJ*****nc. | CHICAGO, IL | $860,000 |
| 2020-08 | BMO Bank National Association | Liv*****LLC | Elk Grove Village, IL | $536,400 |
| 2020-08 | PNC Bank, National Association | Ene*****nc. | PALATINE, IL | $900,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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