Best SBA Lenders in Des Plaines, IL (2026)
2025 FOIA data: top lenders, rates & industries for Des Plaines SBA loans
SBA Loans in Des Plaines, Illinois
Looking for an SBA loan in Des Plaines, Illinois? Based on 2025 FOIA data, 37 SBA 7(a) loans were funded in Des Plaines totaling $15.1M, supporting an estimated 428 jobs. With 19 active lenders competing for business in the Des Plaines market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Des Plaines is $409K at an average rate of 10.03%. The top lender in Des Plaines is Byline Bank, with the most-funded industry being Snack and Nonalcoholic Beverage Bars. See all Illinois SBA lenders for statewide rankings.
SBA Loans in Des Plaines by Business Type
Whether you’re starting a new business in Des Plaines, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 39% of SBA loans in Des Plaines (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 10% (3 loans) — if you’re looking to buy a business in Des Plaines, this is a proven use case for SBA financing. Existing businesses make up 44% and typically receive the most favorable terms.
Top SBA Lenders in Des Plaines, IL (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Des Plaines businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Byline Bank | $2.5M | 2 | 10% |
| 2 | Pan American Bank & Trust | $2.4M | 1 | 9% |
| 3 | The Huntington National Bank | $1.5M | 14 | 9.7% |
| 4 | Village Bank and Trust, National Association | $1.4M | 3 | 8.67% |
| 5 | Atlantic Union Bank | $1.2M | 1 | 10.25% |
| 6 | Northbrook Bank & Trust Company, National Association | $1.0M | 1 | 8% |
| 7 | Harvest Small Business Finance, LLC | $1000K | 1 | 9% |
| 8 | FWBank | $749K | 1 | 9.25% |
| 9 | First Bank of the Lake | $732K | 1 | 11% |
| 10 | Readycap Lending, LLC | $515K | 2 | 12.25% |
The top lenders in Des Plaines have direct experience with local businesses and understand the Des Plaines market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Des Plaines and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Des Plaines
One 5-minute application. 19+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Des Plaines
These are the industries that received the most SBA 7(a) funding in Des Plaines in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Snack and Nonalcoholic Beverage Bars | 2 | $2.6M |
| Limited-Service Restaurants | 1 | $2.4M |
| Full-Service Restaurants | 3 | $1.3M |
| Other Activities Related to Real Estate | 1 | $1.2M |
| Framing Contractors | 2 | $1.0M |
| All Other Personal Services | 1 | $1.0M |
| General Freight Trucking, Long Distance, Truckload | 5 | $918K |
| Child Day Care Services | 1 | $749K |
| Nail Salons | 1 | $644K |
| Pet Care (except Veterinary) Services | 2 | $542K |
Lenders with experience funding your specific industry in Des Plaines understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Des Plaines
Option 1: Apply directly to one of the top Des Plaines lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Des Plaines-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
