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SBA 7(a) record
First American Bank, Elk Grove Village, IL: SBA 7(a) loans made
First American Bank, Elk Grove Village, IL, a bank based in Elk Grove Village, IL, made 73 SBA 7(a) loans in the 36 months ending September 30, 2026, $64.7M in all, net of cancelled approvals. The typical loan was about $500K, and 24 were in the last 12 months. Most were in Illinois.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 73
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $64.7M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $500K
- SBA FOIA,
- Largest loan
- $3.6M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 24
- SBA FOIA,
Cite this
Source: The Lender Report, First American Bank, Elk Grove Village, IL: SBA 7(a) loans made, https://lender.report/lender/first-american-bank-il/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Florida | SBA 7(a), Drugs and Druggists' Sundries Merchant Wholesalers | $3.2M | 6.5% | 1 yr | SBA FOIA | |
| Sep 2026 | Wisconsin | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $250K | 7.25% | 10 yr | SBA FOIA | |
| Aug 2026 | Illinois | SBA 7(a), Testing Laboratories and Services | $950K | 7.75% | 1 yr | SBA FOIA | |
| Jul 2026 | Wisconsin | SBA 7(a), Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | $3.1M | 5.75% | 7 yr | SBA FOIA | |
| Jul 2026 | Florida | SBA 7(a), Other Building Equipment Contractors | $630K | 7.75% | 5 yr | SBA FOIA | |
| Jun 2026 | Florida | SBA 7(a), Machine Shops | $3.1M | 8% | 10 yr | SBA FOIA | |
| Jun 2026 | Illinois | SBA 7(a), Real Estate and Rental and Leasing | $700K | 8.25% | 10 yr | SBA FOIA | |
| Jun 2026 | Wisconsin | SBA 7(a), Special Die and Tool, Die Set, Jig, and Fixture Manufacturing | $600K | 7.25% | 10 yr | SBA FOIA | |
| Jun 2026 | Florida | SBA 7(a), Machine Shops | $560K | 8% | 10 yr | SBA FOIA | |
| Jun 2026 | Florida | SBA 7(a), Machine Shops | $500K | 8.25% | 10 yr | SBA FOIA | |
| May 2026 | Illinois | SBA 7(a), Automotive Parts and Accessories Retailers | $1.1M | 7.5% | 25 yr | SBA FOIA | |
| May 2026 | Illinois | SBA 7(a), Roofing Contractors | $250K | 8.75% | 10 yr | SBA FOIA | |
| Apr 2026 | Florida | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $1M | 7.75% | 1 yr | SBA FOIA | |
| Apr 2026 | Wisconsin | SBA 7(a), Hardware Retailers | $840K | 6.75% | 10 yr | SBA FOIA | |
| Apr 2026 | Wisconsin | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $800K | 8.5% | 7 yr | SBA FOIA | |
| Apr 2026 | Wisconsin | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $480K | 8.5% | 5 yr | SBA FOIA | |
| Apr 2026 | Illinois | SBA 7(a), Other Individual and Family Services | $100K | 7.75% | 10 yr | SBA FOIA | |
| Mar 2026 | Illinois | SBA 7(a), Machine Shops | $1.5M | 6.75% | 10 yr | SBA FOIA | |
| Mar 2026 | Illinois | SBA 7(a), Machine Shops | $250K | 6.75% | 10 yr | SBA FOIA | |
| Jan 2026 | Illinois | SBA 7(a), Offices of Physical, Occupational and Speech Therapists, and Audiologists | $470K | 7.25% | 10 yr | SBA FOIA | |
| Dec 2025 | Illinois | SBA 7(a), Manufacturing | $2M | 8% | 3 yr | SBA FOIA | |
| Dec 2025 | Illinois | SBA 7(a), Other Computer Related Services | $800K | 8% | 1 yr | SBA FOIA | |
| Dec 2025 | Florida | SBA 7(a), Other Building Equipment Contractors | $500K | 8% | 6 yr | SBA FOIA | |
| Dec 2025 | Illinois | SBA 7(a), Other Computer Related Services | $450K | 8% | 1 yr | SBA FOIA | |
| Sep 2025 | Illinois | SBA 7(a), Roofing Contractors | $3.6M | 7.75% | 14 yr | SBA FOIA | |
| 73 SBA 7(a) loans since October 2023, net of cancelled | $64.7M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Illinois | 40 | $31.7M |
| Wisconsin | 14 | $11.9M |
| Florida | 13 | $14.0M |
| Missouri | 2 | $1.26M |
| Arizona | 1 | $500K |
| New York | 1 | $2.40M |
| Ohio | 1 | $1.90M |
| Texas | 1 | $1.00M |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 4 | $300K |
| $150K to $350K | 16 | $3.69M |
| $350K to $1M | 34 | $20.3M |
| $1M to $2.5M | 11 | $16.9M |
| $2.5M or more | 8 | $23.5M |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 2 | $1.70M |
| 2024 Q1 | 5 | $2.49M |
| 2024 Q2 | 9 | $5.31M |
| 2024 Q3 | 6 | $4.09M |
| 2024 Q4 | 5 | $4.65M |
| 2025 Q1 | 11 | $10.0M |
| 2025 Q2 | 1 | $500K |
| 2025 Q3 | 10 | $11.8M |
| 2025 Q4 | 4 | $3.75M |
| 2026 Q1 | 3 | $2.22M |
| 2026 Q2 | 12 | $10.0M |
| 2026 Q3 | 5 | $8.13M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Machine Shops (332710) | 7 |
| Manufacturing | 6 |
| Testing Laboratories and Services (541380) | 4 |
| Other Building Equipment Contractors (238290) | 3 |
| Roofing Contractors (238160) | 3 |
| Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (333514) | 3 |
| Administrative and Support and Waste Management and Remediation Services | 2 |
| Commercial Printing (except Screen and Books) (323111) | 2 |
| Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810) | 2 |
| Cut Stone and Stone Product Manufacturing (327991) | 2 |
| Gift, Novelty, and Souvenir Retailers (459420) | 2 |
| Manufacturing | 2 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Preferred Lenders Program | 28 |
| SBA Express Program | 20 |
| Preferred Lenders with EWCP | 8 |
| Preferred Lenders with WCP | 6 |
| International Trade Loans | 4 |
| 7(a) WCP | 2 |
- First American Bank, Elk Grove Village, IL made 73 SBA 7(a) loans totaling $64.7M in the 36 months ending September 30, 2026, net of cancelled approvals, in 8 states. SBA FOIA,
- 24 of them were in the 12 months to September 30, 2026, and 27 in the 12 months before. SBA FOIA,
- The typical loan was about $500K, with the middle half between $280K and $1M. SBA FOIA,
- The largest was about $3.6M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 4 loans were under $150K, and 19 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 8.00% on 73 loans, with the middle half between 7.50% and 9.00%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Machine Shops, with 7. SBA FOIA,
- The SBA file lists 28 of its loans as processed under Preferred Lenders Program. SBA FOIA,
- Its loans were most often in Illinois (40), Wisconsin (14) and Florida (13). SBA FOIA,
What we don't know
- Whether First American Bank, Elk Grove Village, IL is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.