# BMO Bank SBA loans in Illinois **Short answer:** SBA's loan file shows BMO Bank made 52 SBA loans in Illinois since October 2019. 36.5% went to businesses more than two years old, against 72.8% of its loans nationally. 17.3% were lines of credit, against 1.8% of its loans nationally. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/bmo-bank/illinois/ Data as of: 2026-06-30 This site is not BMO Bank sbaexpress.loans is not BMO Bank, and BMO Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from BMO Bank. These are the 52 SBA 7(a) loans [BMO Bank](https://www.sbaexpress.loans/sba-express-lenders/bmo-bank/) made in [Illinois](https://www.sbaexpress.loans/illinois-small-business-loans/) approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other. ## How BMO Bank differs in Illinois **What this means for you.** Younger businesses got a bigger share of these loans here than elsewhere. ### Established businesses 36.5% of the loans in Illinois went to businesses more than two years old, against 72.8% of its loans nationally. In business more than 2 years, share of loans, Oct 2019 to Jun 2026 - Illinois: 36.5% - All its U.S. loans: 72.8% ### Lines of credit 17.3% of the loans in Illinois were lines of credit, against 1.8% of its loans nationally. Lines of credit, share of loans, Oct 2019 to Jun 2026 - Illinois: 17.3% - All its U.S. loans: 1.8% ### SBA Express 13.5% of the loans in Illinois went through SBA Express, against 2.8% of its loans nationally. SBA Express, share of loans, Oct 2019 to Jun 2026 - Illinois: 13.5% - All its U.S. loans: 2.8% We compared 8 measures with the national figure for the same period, and these are the 3 that differ clearly. One more difference is in the table. ## Illinois next to the U.S. **Illinois compared with all of BMO Bank's U.S. loans, October 2019 to June 2026** | Measure | Illinois | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 0.45% | 0.35% | No clear gap | | Median loan | $360,450 | $468,000 | No clear gap | | Middle half of loans | $235,050 to $905,575 | $311,375 to $1,017,675 | – | | Startups (the loan opens the business) | 13.5% | 4.3% | No clear gap | | In business 2 years or less | 21.2% | 6.7% | Clearly higher | | In business more than 2 years | 36.5% | 72.8% | Clearly lower | | Change of ownership | 28.8% | 16.1% | No clear gap | | SBA Express | 13.5% | 2.8% | Clearly higher | | Lines of credit | 17.3% | 1.8% | Clearly higher | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 1.98 points over Prime | 2.75 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## What BMO Bank lends to in Illinois No single industry reached 5 loans from October 2019 to June 2026, so we do not rank industries here. ## Other lenders in Illinois Other lenders in Illinois with a clear difference from the national pattern, most loans first. **Other lenders in Illinois** | Lender | Loans since October 2019 | | --- | --- | | [Live Oak Banking Company](https://www.sbaexpress.loans/sba-express-lenders/live-oak-banking-company/illinois/) | 252 | | [Fifth Third Bank](https://www.sbaexpress.loans/sba-express-lenders/fifth-third-bank/illinois/) | 172 | | [Bank of America](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/illinois/) | 136 | | [CenTrust Bank, A Division of SmartBiz Bank](https://www.sbaexpress.loans/sba-express-lenders/centrust-bank-a-division-of-smartbiz-bank/illinois/) | 126 | | [Wells Fargo Bank](https://www.sbaexpress.loans/sba-express-lenders/wells-fargo-bank/illinois/) | 54 | 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. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)