SBA lending data · fiscal year 2025
26 lenders funded general automotive repair in Illinois last year
63 SBA 7(a) loans approved under NAICS 811111. Median approval $283,500, median term 120 months, median initial rate 10%.
What was actually approved
Half of all approvals in this industry and state fell between $87,750 and $687,500. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.
The most active lenders
Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.
- 1Newtek Bank, National Association11 loans · $3M
- 2Live Oak Banking Company9 loans · $5.9M
- 3The Huntington National Bank8 loans · $1.2M
- 4U.S. Bank, National Association7 loans · $1.7M
- 5Northeast Bank3 loans · $0.2M
- 6Village Bank and Trust, National Association3 loans · $0.6M
- 7VelocitySBA, LLC2 loans · $1M
- 8Citizens Bank2 loans · $2.2M
- 9SouthState Bank, National Association1 loan · $0.9M
- 10Firstrust Savings Bank1 loan · $2.6M
- 11Colony Bank1 loan · $0.1M
- 12Readycap Lending, LLC1 loan · $0.1M
This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.
Is this industry getting easier or harder to finance?
| Fiscal year | Loans | Lenders | Median approval |
|---|---|---|---|
| FY2023 | 23 | 17 | $238,000 |
| FY2024 | 35 | 15 | $202,500 |
| FY2025 | 63 | 26 | $283,500 |
Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.
Where this comes from
The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.
This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.
Other industries in Illinois
- Full-Service Restaurants · 174 loans
- General Freight Trucking, Long-Distance, Truckload · 174 loans
- Limited-Service Restaurants · 88 loans
- General Freight Trucking, Local · 76 loans
- Residential Remodelers · 71 loans
- Plumbing, Heating, and Air-Conditioning Contractors · 59 loans
- Child Care Services · 58 loans
- Fitness and Recreational Sports Centers · 57 loans
General Automotive Repair in other states
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