SBA Loans for Motor Vehicle Towing in Illinois: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in Illinois. Based on historical SBA 7(a) lending data.
Total Approvals
19
in Illinois
Median Loan Size
$245,000
per approval
Recent Activity
2
last 90 days through Nov 2025
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 19 approvals on record and a median loan size of $245,000.
Key trends & insights
- THE Huntington National Bank leads this industry with 4 approvals (21% market share) and a median loan of $79,000.
Most active SBA lenders for Motor Vehicle Towing in Illinois
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 4 | $79,000 | |
| 2 | 3 | $251,600 | |
| 3 | 2 | $1,875,000 | |
| 4 | 2 | $286,350 | |
| 5 | 2 | $1,750,000 | |
| 6 | 1 | $75,000 | |
| 7 | 1 | $342,200 | |
| 8 | 1 | $1,755,500 | |
| 9 | 1 | $150,000 | |
| 10 | 1 | $245,000 | |
| 11 | 1 | $55,000 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in Illinois
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | Heritage Bank Inc | Loa*****nc. | ROLLING MEADOWS, IL | $150,000 |
| 2025-08 | Newtek Bank, National Association | Ers*****inc | Glenview, IL | $55,000 |
| 2025-04 | Byline Bank | UNI*****LLC | BENSENVILLE, IL | $300,000 |
| 2025-04 | Northeast Bank | O &*****ANY | Tinley Park, IL | $40,000 |
| 2025-04 | Byline Bank | UNI*****LLC | BENSENVILLE, IL | $3,450,000 |
| 2025-03 | U.S. Bank, National Association | Tra*****Inc | Sugar Grove, IL | $472,700 |
| 2025-02 | Northeast Bank | FAR*****USA | Bedford Park, IL | $251,600 |
| 2025-01 | The Huntington National Bank | On *****LLC | LA GRANGE, IL | $206,000 |
| 2024-12 | Live Oak Banking Company | Har*****nc. | WOOD DALE, IL | $3,000,000 |
| 2024-12 | Live Oak Banking Company | Har*****nc. | WOOD DALE, IL | $500,000 |
| 2024-12 | The Huntington National Bank | R&B*****LLC | BURBANK, IL | $75,000 |
| 2024-12 | Northeast Bank | MID*****ION | Hoffman Estates, IL | $350,000 |
| 2024-08 | PNC Bank, National Association | ROA*****LLC | PARK FOREST, IL | $60,000 |
| 2024-08 | U.S. Bank, National Association | A C*****LLC | BARTLETT, IL | $100,000 |
| 2024-06 | Crystal Lake Bank & Trust Company, National Association | Whi*****nc. | CRYSTAL LAKE, IL | $342,200 |
| 2024-02 | The Huntington National Bank | MVS*****ANY | ELGIN, IL | $80,000 |
| 2023-11 | The Huntington National Bank | TRA*****INC | ELK GROVE VILLAGE, IL | $78,000 |
| 2022-08 | American Community Bank & Trust | Hel*****LLC | Chicago, IL | $500,000 |
| 2022-08 | 22nd State Bank, A Division of 22nd State Banking Company | ATT*****ics | LAKE ZURICH, IL | $1,755,500 |
| 2022-02 | Readycap Lending, LLC | AAK*****NC. | Rolling Meadows, IL | $75,000 |
| 2021-02 | The Huntington National Bank | CER*****INC | NEWARK, IL | $137,000 |
| 2020-08 | Cadence Bank | Pro*****ing | MOMENCE, IL | $245,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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