SBA lending data · fiscal year 2025

15 lenders funded hotels (except casino hotels) and motels in Illinois last year

35 SBA 7(a) loans approved under NAICS 721110. Median approval $2,559,500, median term 300 months, median initial rate 9%.

Build a plan for this industry — free preview$299 one time. Your plan cites these lenders by name.

What was actually approved

35
loans approved
15
distinct lenders
$1240k
25th percentile
$3950k
75th percentile

Half of all approvals in this industry and state fell between $1,240,000 and $3,950,000. 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.

  1. 1GBank8 loans · $28.2M
  2. 2Readycap Lending, LLC4 loans · $7.3M
  3. 3Shoreham Bank4 loans · $9.1M
  4. 4Millennium Bank3 loans · $11.6M
  5. 5Merchants Bank of Indiana3 loans · $9.7M
  6. 6Byline Bank2 loans · $4.8M
  7. 7Midland States Bank2 loans · $0.7M
  8. 8Centerstone SBA Lending, Inc.2 loans · $5.8M
  9. 9United Community Bank1 loan · $0.3M
  10. 10Peoples Bank1 loan · $0.6M
  11. 11Citizens Bank1 loan · $4.9M
  12. 12Port 51 Lending LLC1 loan · $3.9M

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 yearLoansLendersMedian approval
FY2023227$3,122,500
FY20244112$3,177,000
FY20253515$2,559,500

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

Hotels (except Casino Hotels) and Motels in other states

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