Commercial Lenders in Illinois
Browse 187 lenders serving Illinois across DSCR, SBA, bridge, construction, hard money, and more.
Illinois Lenders by Loan Type
DSCR Loans
7.0% - 9.5% · 20-25% downSBA 7(a) Loans
Prime + 1.5% to 3.75% · 10-20% downSBA 504 Loans
Below market (CDC portion ~5-6%) · 10% downBridge Loans
8% - 12% · 20-30% downConstruction Loans
7% - 10% · 20-35% downCommercial Mortgage
6% - 8% · 20-30% downHard Money Loans
9% - 12%+ · 10-25%+ cash in downCMBS Loans
5.5% - 8% · 25-35% downMezzanine Loans
6.75% - 11.97% · Often 10-25% sponsor equity downUSDA Business Loans
Fixed or variable, negotiated with lender · 10% existing business, 20% new business downNon-QM Loans
6.5% - 10% · 10-25% downAll Illinois Lenders
187 commercial lenders serving Illinois.
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
Newtek Bank, National Association
SBAMiami, FL
Technology-driven SBA preferred lender providing 7(a) loans to small and medium-sized businesses nationwide. Part of Newtek Business Services Corp, offering integrated business solutions including lending, payments, and technology services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Celtic Bank Corporation
SBASALT LAKE CITY, UT
Industrial bank and top SBA preferred lender headquartered in Salt Lake City. Specializes in SBA 7(a) lending for business acquisitions, partner buyouts, commercial real estate, and working capital. Also offers USDA business loans.
Harvest Small Business Finance, LLC
SBALaguna Hills, CA
Non-bank SBA preferred lender specializing in SBA 7(a) loans for commercial real estate acquisition and refinancing. Focuses on owner-occupied commercial properties with loans up to $5 million.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Bank of Hope
SBALOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
GBank
SBALAS VEGAS, NV
Fast-growing community bank based in Las Vegas and a top SBA preferred lender. Specializes in SBA 7(a) loans for hospitality, gas stations, convenience stores, and commercial real estate acquisition.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
First Internet Bank of Indiana
SBAFISHERS, IN
Nation's first state-chartered, FDIC-insured internet bank and a top SBA preferred lender. Offers SBA 7(a) loans, conventional commercial lending, franchise financing, and healthcare practice loans nationwide.
First Bank of the Lake
SBAOsage Beach, MO
Community bank based at the Lake of the Ozarks and a top SBA 7(a) preferred lender. Specializes in SBA lending for business acquisitions, commercial real estate, and partner buyouts. Known for lending to franchises and hospitality businesses.
United Midwest Savings Bank National Association
SBADE GRAFF, OH
Community bank and SBA preferred lender based in Ohio. Specializes in SBA 7(a) loans for small businesses, including business acquisitions, commercial real estate, and working capital financing.
Fifth Third Bank
SBACINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
Byline Bank
SBACHICAGO, IL
Chicago-based bank and one of the top SBA 7(a) lenders in the Midwest. Provides SBA loans, commercial real estate financing, equipment loans, and government-guaranteed lending for small and mid-sized businesses.
Port 51 Lending LLC
SBANew York, NY
Non-bank SBA preferred lender specializing in high-value SBA 7(a) loans for commercial real estate and business acquisitions. Focuses on larger SBA transactions with an average deal size well above industry norms.
Bank of America, National Association
SBACharlotte, NC
One of the largest banks in the world and an SBA preferred lender. Offers SBA 7(a) loans, conventional business lending, commercial real estate, lines of credit, equipment financing, and comprehensive treasury management.
Cadence Bank
SBATUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
JPMorgan Chase Bank, National Association
SBAColumbus, OH
The largest bank in the U.S. and an SBA preferred lender. Offers SBA 7(a) loans, conventional business lending, commercial real estate, lines of credit, and comprehensive financial services for businesses of all sizes.
Citizens Bank
SBAELIZABETHTON, TN
Regional bank based in Tennessee and an SBA preferred lender. Provides SBA 7(a) loans, conventional commercial lending, and business banking services to small and medium-sized businesses in the Southeast.
CenTrust Bank, A Division of SmartBiz Bank National Associat
SBANorthbrook, IL
Technology-driven SBA lender operating through the SmartBiz platform. Offers streamlined SBA 7(a) loans with a fast online application process, serving small businesses nationwide with loans for working capital, debt refinancing, and commercial real estate.
Community Bank & Trust-West Georgia
SBALAGRANGE, GA
Community bank in West Georgia and a top SBA 7(a) preferred lender. Specializes in SBA lending for business acquisitions and commercial real estate with a focus on hospitality and franchise businesses.
Zions Bank, A Division of
SBASALT LAKE CITY, UT
Major Western U.S. bank and SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and agricultural lending across the Mountain West.
Old National Bank
SBAEVANSVILLE, IN
Midwest-based regional bank and SBA preferred lender. Offers SBA 7(a) loans, conventional commercial lending, commercial real estate financing, treasury management, and wealth management for small and mid-sized businesses.
Small Business Growth Corporation
SBASpringfield, IL
Illinois-based Certified Development Company (CDC) specializing in SBA 504 loans. Helps small businesses acquire commercial real estate and major equipment with long-term, below-market fixed-rate financing.
Bankwell Bank
SBANew Canaan, CT
Connecticut-based community bank and SBA preferred lender. Offers SBA 7(a) loans, conventional commercial lending, commercial real estate financing, and business banking services in the New England region.
United Community Bank
SBAGreenville, SC
Regional bank serving the Southeast and an SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and comprehensive business banking.
VelocitySBA, LLC
SBAIrving, TX
Non-bank SBA preferred lender specializing exclusively in SBA 7(a) loans for commercial real estate acquisition. Focuses on hotel, gas station, and convenience store financing with a streamlined approval process.
Lendistry SBLC, LLC
SBALos Angeles, CA
CDFI and SBA community advantage lender focused on providing responsible lending to small businesses in underserved communities. Offers SBA 7(a) loans, microloans, and commercial real estate financing with a focus on minority and women-owned businesses.
Shoreham Bank
SBAWarwick, RI
Rhode Island-based community bank and SBA preferred lender. Offers SBA 7(a) loans for business acquisitions and commercial real estate, with a focus on hospitality and franchise financing in the Northeast.
Complete Illinois Lender Directory
All 187 commercial lenders serving Illinois, A–Z.
- A&D Mortgage — Fort Lauderdale, FL
- Acore Capital — New York, NY
- Acra Lending
- Aloha Capital
- American Community Bank & Trust — WOODSTOCK, IL
- American Momentum Bank — COLLEGE STATION, TX
- Anchor Loans — Thousand Oaks, CA
- Angel Oak Mortgage Solutions — Atlanta, GA
- Angel Oak Mortgage Solutions — Atlanta, GA
- Arbor Realty Trust — Uniondale, NY
- Arc Home
- Associated Bank, National Association — GREEN BAY, WI
- Athas Capital Group
- Bank Five Nine — OCONOMOWOC, WI
- Bank of America — Charlotte, NC
- Bank of Pontiac — PONTIAC, IL
- Bank of Springfield — SPRINGFIELD, IL
- Barclays — New York, NY
- Barrington Bank & Trust Company, National Association — BARRINGTON, IL
- BayFirst National Bank — Saint Petersburg, FL
- Berkadia — Ambler, PA
- Beverly Bank & Trust Company, National Association — CHICAGO, IL
- BMO Bank National Association — Chicago, IL
- Broadmark Realty Capital — Seattle, WA
- Busey Bank — CHAMPAIGN, IL
- Business Finance Capital — Los Angeles, CA
- Carrington Mortgage Services — Anaheim, CA
- CBRE Capital Markets — Dallas, TX
- CDC Small Business Finance Corp. — San Diego, CA
- Centerstone SBA Lending, Inc. — LOS ANGELES, CA
- Change Lending
- CIBC Bank USA — CHICAGO, IL
- CIBM Bank — CHAMPAIGN, IL
- Citibank, N.A. — Sioux Falls, SD
- Citigroup — New York, NY
- Civic Financial Services — Redondo Beach, CA
- Commerce Bank — Kansas City, MO
- Community State Bank — Union Grove, WI
- Constitution Lending
- CoreVest Finance — Irvine, CA
- CrossCountry Mortgage — Cleveland, OH
- Crystal Lake Bank & Trust Company, National Association — CRYSTAL LAKE, IL
- Cushman & Wakefield — Chicago, IL
- Deephaven Mortgage — Charlotte, NC
- Defy Mortgage
- Deutsche Bank — New York, NY
- Easy Street Capital — Austin, TX
- Finance of America — Plano, TX
- First American Bank — ARTESIA, NM
- First Commonwealth Bank — Indiana, PA
- First Financial Bank — Cincinnati, OH
- First Mid Bank & Trust, National Association — Mattoon, IL
- First National Bank — OLDHAM, SD
- First National Bank of America — East Lansing, MI
- First National Bank of Pennsylvania — GREENVILLE, PA
- First Savings Bank — Beresford, SD
- Flagstar Bank — Hicksville, NY
- Fortress Bank — PEORIA, IL
- FWBank — Chicago, IL
- Goldman Sachs — New York, NY
- Grasshopper Bank National Association — New York, NY
- Greystone — New York, NY
- Griffin Funding
- Groundfloor — Atlanta, GA
- Hanover Community Bank — Mineola, NY
- Heritage Bank Inc — Burlington, KY
- Hinsdale Bank & Trust Company, National Association — HINSDALE, IL
- HomeXpress Mortgage
- iBorrow
- Janover — Boca Raton, FL
- JLL Capital Markets — Chicago, IL
- JMAC Lending
- JPMorgan Chase — New York, NY
- KeyBank Real Estate Capital — Cleveland, OH
- Kiavi — San Francisco, CA
- Kind Lending — Santa Ana, CA
- Lake Forest Bank & Trust Company, National Association — LAKE FOREST, IL
- Lending One — Boca Raton, FL
- LendingClub Bank, National Association — LEHI, UT
- Libertyville Bank & Trust Company, National Association — LIBERTYVILLE, IL
- Lima One Capital — Greenville, SC
- LoanCore Capital — Hartford, CT
- Lument — New York, NY
- Luxury Mortgage Corp — Stamford, CT
- Merchants Bank of Indiana — CARMEL, IN
- Merchants Capital — Indianapolis, IN
- Mesa West Capital — Los Angeles, CA
- Midland States Bank — EFFINGHAM, IL
- Midwest BankCentre — SAINT LOUIS, MO
- Millennium Bank — OOLTEWAH, TN
- Mission Valley Bank — SUN VALLEY, CA
- Monterey County Bank — Monterey, CA
- Morgan Stanley — New York, NY
- MortgageRight — Austin, TX
- Morton Community Bank — Morton, IL
- New American Funding — Tustin, CA
- New Silver Lending
- Newfi Wholesale — Emeryville, CA
- Newmark — New York, NY
- North American Savings Bank — Kansas City, MO
- Northbrook Bank & Trust Company, National Association — NORTHBROOK, IL
- Northeast Bank — MINNEAPOLIS, MN
- Northmarq — Minneapolis, MN
- Oaktree Funding
- Oconee State Bank — WATKINSVILLE, GA
- Park Place Finance
- PCB Bank — LOS ANGELES, CA
- Peoples Bank & Trust — Pana, IL
- Peoples National Bank National Association — MCLEANSBORO, IL
- Planet Home Lending — Meriden, CT
- PNC Bank, National Association — WILMINGTON, DE
- PNC Real Estate — Pittsburgh, PA
- Primis Bank — TAPPAHANNOCK, VA
- Quontic Bank — New York, NY
- RCN Capital — South Windsor, CT
- Ready Capital — New York, NY
- Regions Bank — BIRMINGHAM, AL
- Residential Capital Partners
- Residential Mortgage Solutions
- Roc Capital — New York, NY
- Rocket Mortgage — Detroit, MI
- Rockford Local Development Corporation — Rockford, IL
- Royal Banks of Missouri — University City, MO
- Sabal Capital Partners — Pasadena, CA
- Schaumburg Bank & Trust Company, National Association — SCHAUMBURG, IL
- SomerCor 504, Inc. — Chicago, IL
- Sprout Mortgage — New York, NY
- St. Charles Bank & Trust Company, National Association — SAINT CHARLES, IL
- State Bank of the Lakes, National Association — ANTIOCH, IL
- Stbridge Capital — Los Angeles, CA
- Stearns Bank National Association — SAINT CLOUD, MN
- Sterling Federal Bank, F.S.B. — STERLING, IL
- TD Bank — Cherry Hill, NJ
- Temple View Capital
- The Bancorp Bank National Association — Sioux Falls, SD
- The Bank of Edison — EDISON, GA
- The Fidelity Bank — FUQUAY VARINA, NC
- The Fisher National Bank — FISHER, IL
- Tidal Loans — Houston, TX
- Time Bank — PARK RIDGE, IL
- TowneBank — PORTSMOUTH, VA
- Triad Financial Services — Jacksonville, FL
- Truliant FCU — Winston-Salem, NC
- Truss Financial Group
- Union National Bank — ELGIN, IL
- US Bank — Minneapolis, MN
- UWM (United Wholesale Mortgage) — Pontiac, MI
- Vaster — Miami, FL
- Velocity Mortgage Capital — Westlake Village, CA
- Verus Mortgage Capital — Washington, DC
- Village Bank and Trust, National Association — ARLINGTON HEIGHTS, IL
- Visio Lending — Austin, TX
- Walker & Dunlop — Bethesda, MD
- Wells Fargo — San Francisco, CA
- Wessex 504 Corporation — Arlington Heights, IL
- Wheaton Bank & Trust Company, National Association — WHEATON, IL
- Wintrust Bank National Association — CHICAGO, IL
Commercial Lending in Illinois
Illinois benefits from Chicago's role as a global financial center and the nation's primary inland logistics hub, with O'Hare Airport and extensive rail infrastructure. The state has one of the most diversified economies in the country.
Illinois has some of the highest commercial property tax rates in the nation, particularly in Cook County, where the assessment methodology for commercial properties applies a higher multiplier than residential, significantly impacting NOI. Cook County's triennial reassessment cycle and appeals process are critical for CRE investors to understand, as successful appeals can materially improve returns. Chicago's 140+ Opportunity Zones and numerous TIF districts offer substantial tax incentives, and the city's affordable rents relative to coastal gateway cities have attracted growing tech and life sciences tenants.
Key Industries
Foreclosure Type
Judicial
Foreclosures go through the court system, which can take 6-18+ months.