Small business loans in Plainfield, IL
Short answer
The Huntington National Bank made the most SBA loans in Plainfield, IL since FY2024, with 23. The median loan was $125,000, and half fell between $50,000 and $150,000. For free help, see the Illinois Small Business Development Center Network. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 60
- approved since FY2024
- $16.22M
- median loan
- $125,000
- through SBA Express
- 36.7%
Lenders making SBA loans in Plainfield
The Huntington National Bank made the most loans in Plainfield, 38% of the total.
| Lender | Loans | Share |
|---|---|---|
| The Huntington National Bank | 23 | 38.3% |
Share is the percent of all Plainfield loans in that period. Each name links to that lender's page for Illinois where one exists.
Plainfield has one lender with five or more loans since FY2024. Others had fewer, and the Illinois page counts 224 lenders with at least one approved loan statewide.
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Start my loan requestJanover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.
Local help near Plainfield
Plainfield borrowers can start with SBA's district office for Illinois, an SBDC or SCORE.
SBA has one district office for Illinois. Its page points to state and federal resources and to lenders in the area. The Illinois Small Business Development Center Network gives free counseling across Illinois.
- SBA Illinois District Office (Chicago)SBA district office
- Illinois Small Business Development Center NetworkSmall Business Development Center
- SCORE mentors in IllinoisBusiness mentoring
Alongside SBA loans, Illinois runs a loan program. The Illinois page describes it, and the official page is linked here.
Loan counts and sizes in Plainfield
Plainfield ranks 12th by loans since FY2024 among the 14 Illinois cities with 100 or more SBA loans since FY2020. Nationally it is the 453rd busiest of the 580 cities that reach 100 loans.
The 60 loans, 1.1% of the 5,663 in Illinois, were approved for $16.2 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $125,000, 17% below the national median of $150,300. Half of the loans fell between $50,000 and $150,000. The Plainfield median is 22% below the Illinois median of $160,000.
| Measure | Plainfield | Illinois | U.S. |
|---|---|---|---|
| Loans | 60 | 5,663 | 162,355 |
| Median loan | $125,000 | $160,000 | $150,300 |
| 25th percentile | $50,000 | $60,000 | $50,000 |
| 75th percentile | $150,000 | $500,000 | $500,000 |
| Via SBA Express | 36.7% | 31.7% | 35.8% |
| Lines of credit | 30.0% | 25.6% | 28.1% |
| Startups | n/a | 15.2% | 16.1% |
| Ownership changes | n/a | 11.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.5 | 2.5 | 2.75 |
| Charged off | 0.0% | 3.1% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
36.7% of all loans went through SBA Express, close to the national 35.8%. Lines of credit were 30.0% of loans, close to the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 51% from FY2024 (35 loans) to FY2025 (17), the two latest full years. The busiest full year in the file was FY2024, with 35 loans. FY2026 already shows 8 loans through June 30.
Of the 37 loans Plainfield borrowers received in FY2020 to FY2022, 0.0% were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 515 jobs supported across the 60 loans since FY2024, about 8.6 per loan. SBA does not audit these estimates.
What businesses in Plainfield borrow for
General Freight Trucking, Long-Distance, Truckload was the largest borrower group in Plainfield, with 13 loans or 21.7% of the total.
General Freight Trucking, Long-Distance, Truckload stands out: its 13 loans are 21.7% of Plainfield loans, against 1.3% nationally, 17 times its national share.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| General Freight Trucking, Long-Distance, Truckload | 13 | 21.7% | 1.3% |
| General Freight Trucking, Local | 6 | 10.0% | 1.1% |
Share is the percent of all Plainfield loans in that period. Industry is the NAICS code on each loan. A name links to the Illinois page for that industry where one exists.
A typical loan payment in Plainfield
The median Plainfield loan was $125,000 with a median term of 10 years.
The median variable-rate loan in Plainfield was priced at Prime plus 2.5 percentage points at approval. At today's Prime that spread works out to 9.50%. On $125,000 over 10 years, principal and interest would come to about $1,617 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $50,000 | $647 |
| Median loan | $125,000 | $1,617 |
| 75th percentile loan | $150,000 | $1,941 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $125,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.5 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Plainfield loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $125,000 loan and SBA Express payment calculator.
SBA 504 loans near Plainfield
Plainfield has 8 SBA 504 loans since FY2024, with $10.1 million in SBA and CDC dollars.
The median 504 loan in Plainfield was $586,500 in SBA and CDC dollars, 12% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Small Business Growth Corporation is the Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on the most loans since FY2020, with 12. SomerCor 504, Inc. follows with 6. The two CDCs listed are named on 18 loans between them.
| Certified Development Company | 504 loans |
|---|---|
| Small Business Growth Corporation | 12 |
| SomerCor 504, Inc. | 6 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Illinois cities near Plainfield
Plainfield made up 1.1% of Illinois's SBA loans since FY2024.
Plainfield is one of 14 Illinois cities with 100 or more SBA loans since FY2020. The Illinois page covers all 5,663 loans in Illinois. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Plainfield
Which lenders make the most SBA loans in Plainfield?
The Huntington National Bank leads with 23 loans in Plainfield since FY2024. Only lenders with five or more Plainfield loans are counted.
Which industries get SBA loans in Plainfield?
General Freight Trucking, Long-Distance, Truckload leads with 13 loans in Plainfield since FY2024. General Freight Trucking, Local (6) follows.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Illinois District Office (Chicago)
- Illinois Small Business Development Center Network
- SCORE, Illinois
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Plainfield, IL. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/illinois-small-business-loans/plainfield/
Ask lending partners about a loan in Plainfield
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.