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.
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.
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.
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.
SomerCor 504, Inc.
SBAChicago, IL
Chicago-based Certified Development Company specializing in SBA 504 loans for small businesses in the Midwest. Provides long-term, fixed-rate financing for commercial real estate acquisition and renovation.
Busey Bank
SBACHAMPAIGN, IL
Champaign, Illinois-based regional bank offering SBA 7(a) loans, commercial real estate, equipment financing, and business banking. Serves communities across Illinois, Indiana, Missouri, and Florida.
FWBank
SBAChicago, IL
Chicago-based First Women's Bank (FWBank) focused on closing the gender gap in business lending. Offers SBA 7(a) loans, commercial banking, and business accounts with a mission to advance women entrepreneurs.
Cushman & Wakefield
Chicago, IL
Global CRE services firm with extensive capital markets and financing capabilities across all commercial property types.
JLL Capital Markets
Chicago, IL
Global commercial real estate services firm. Debt placement, equity advisory, and investment sales across all property types.
CIBC Bank USA
SBACHICAGO, IL
BMO Bank National Association
SBAChicago, IL
Village Bank and Trust, National Association
SBAARLINGTON HEIGHTS, IL
Wintrust Bank National Association
SBACHICAGO, IL
St. Charles Bank & Trust Company, National Association
SBASAINT CHARLES, IL
Midland States Bank
SBAEFFINGHAM, IL
Peoples National Bank National Association
SBAMCLEANSBORO, IL
Beverly Bank & Trust Company, National Association
SBACHICAGO, IL
Libertyville Bank & Trust Company, National Association
SBALIBERTYVILLE, IL
Union National Bank
SBAELGIN, IL
Lake Forest Bank & Trust Company, National Association
SBALAKE FOREST, IL
Wheaton Bank & Trust Company, National Association
SBAWHEATON, IL
Hinsdale Bank & Trust Company, National Association
SBAHINSDALE, IL
Barrington Bank & Trust Company, National Association
SBABARRINGTON, IL
CIBM Bank
SBACHAMPAIGN, IL
Bank of Springfield
SBASPRINGFIELD, IL
American Community Bank & Trust
SBAWOODSTOCK, IL
Fortress Bank
SBAPEORIA, IL
Crystal Lake Bank & Trust Company, National Association
SBACRYSTAL LAKE, IL
Time Bank
SBAPARK RIDGE, IL
State Bank of the Lakes, National Association
SBAANTIOCH, IL
Rockford Local Development Corporation
SBARockford, IL
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 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 America, National Association — Charlotte, NC
- Bank of Hope — LOS ANGELES, CA
- Bank of Pontiac — PONTIAC, IL
- Bankwell Bank — New Canaan, CT
- Barclays — New York, NY
- BayFirst National Bank — Saint Petersburg, FL
- Berkadia — Ambler, PA
- Broadmark Realty Capital — Seattle, WA
- Business Finance Capital — Los Angeles, CA
- Cadence Bank — TUPELO, MS
- Carrington Mortgage Services — Anaheim, CA
- CBRE Capital Markets — Dallas, TX
- CDC Small Business Finance Corp. — San Diego, CA
- Celtic Bank Corporation — SALT LAKE CITY, UT
- Centerstone SBA Lending, Inc. — LOS ANGELES, CA
- Change Lending
- Citibank, N.A. — Sioux Falls, SD
- Citigroup — New York, NY
- Citizens Bank — ELIZABETHTON, TN
- Civic Financial Services — Redondo Beach, CA
- Commerce Bank — Kansas City, MO
- Community Bank & Trust-West Georgia — LAGRANGE, GA
- Community State Bank — Union Grove, WI
- Constitution Lending
- CoreVest Finance — Irvine, CA
- CrossCountry Mortgage — Cleveland, OH
- Deephaven Mortgage — Charlotte, NC
- Defy Mortgage
- Deutsche Bank — New York, NY
- Easy Street Capital — Austin, TX
- Fifth Third Bank — CINCINNATI, OH
- Finance of America — Plano, TX
- First American Bank — ARTESIA, NM
- First Bank of the Lake — Osage Beach, MO
- First Commonwealth Bank — Indiana, PA
- First Financial Bank — Cincinnati, OH
- First Internet Bank of Indiana — FISHERS, IN
- 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
- GBank — LAS VEGAS, NV
- 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
- Harvest Small Business Finance, LLC — Laguna Hills, CA
- Heritage Bank Inc — Burlington, KY
- HomeXpress Mortgage
- iBorrow
- Janover — Boca Raton, FL
- JMAC Lending
- JPMorgan Chase — New York, NY
- JPMorgan Chase Bank, National Association — Columbus, OH
- KeyBank Real Estate Capital — Cleveland, OH
- Kiavi — San Francisco, CA
- Kind Lending — Santa Ana, CA
- Lending One — Boca Raton, FL
- LendingClub Bank, National Association — LEHI, UT
- Lendistry SBLC, LLC — Los Angeles, CA
- Lima One Capital — Greenville, SC
- Live Oak Banking Company — WILMINGTON, NC
- 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
- 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
- Newtek Bank, National Association — Miami, FL
- 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
- Old National Bank — EVANSVILLE, IN
- Park Place Finance
- PCB Bank — LOS ANGELES, CA
- Peoples Bank & Trust — Pana, IL
- Planet Home Lending — Meriden, CT
- PNC Bank, National Association — WILMINGTON, DE
- PNC Real Estate — Pittsburgh, PA
- Port 51 Lending LLC — New York, NY
- Primis Bank — TAPPAHANNOCK, VA
- Quontic Bank — New York, NY
- RCN Capital — South Windsor, CT
- Ready Capital — New York, NY
- Readycap Lending, LLC — BERKELEY HEIGHTS, NJ
- Regions Bank — BIRMINGHAM, AL
- Residential Capital Partners
- Residential Mortgage Solutions
- Roc Capital — New York, NY
- Rocket Mortgage — Detroit, MI
- Royal Banks of Missouri — University City, MO
- Sabal Capital Partners — Pasadena, CA
- Schaumburg Bank & Trust Company, National Association — SCHAUMBURG, IL
- Shoreham Bank — Warwick, RI
- Sprout Mortgage — New York, NY
- 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
- The Huntington National Bank — COLUMBUS, OH
- Tidal Loans — Houston, TX
- TowneBank — PORTSMOUTH, VA
- Triad Financial Services — Jacksonville, FL
- Truliant FCU — Winston-Salem, NC
- Truss Financial Group
- U.S. Bank, National Association — Cincinnati, OH
- United Community Bank — Greenville, SC
- United Midwest Savings Bank National Association — DE GRAFF, OH
- US Bank — Minneapolis, MN
- UWM (United Wholesale Mortgage) — Pontiac, MI
- Vaster — Miami, FL
- Velocity Mortgage Capital — Westlake Village, CA
- VelocitySBA, LLC — Irving, TX
- Verus Mortgage Capital — Washington, DC
- Visio Lending — Austin, TX
- Walker & Dunlop — Bethesda, MD
- Wells Fargo — San Francisco, CA
- Wells Fargo Bank National Association — Sioux Falls, SD
- Wessex 504 Corporation — Arlington Heights, IL
- Zions Bank, A Division of — SALT LAKE CITY, UT
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.