Find the best SBA Rates for your industry by searching our SBA Lender Directory

SBARates.com your ultimate directory for Small Business Administration (SBA) loans. Compare current SBA loan rates, explore approved SBA lenders, search by your industry NAICS code, and discover funding options.

SBA Loan Approvals as of 6/30/25 26
SBA Loans Total Approval Amount as of 6/30/25 $24,609,000
Average SBA Loan Size as of 6/30/25 $946,500
Average SBA Loan Rate over Prime (Prime is 7%) 0.91
First American Bank (IL)

Unlock Your Financial Potential with First American Bank (IL)

First American Bank, headquartered in Elk Grove Village, Illinois, is one of the largest privately held banks in the Midwest — known for its personalized service, financial strength, and expertise in small business and SBA lending. As an SBA Preferred Lender, First American Bank provides flexible financing solutions that empower entrepreneurs across Illinois, Florida, and Wisconsin to achieve their business goals.

Key Features of First American Bank

  • Comprehensive Business Banking: Full-service business checking and savings accounts, merchant services, payroll solutions, and treasury management tools tailored for small and mid-sized businesses.
  • SBA Loan Expertise: As an SBA Preferred Lender, First American Bank offers streamlined access to SBA 7(a), 504, and SBA Express programs, with quicker decisions and flexible loan structures. These loans are ideal for working capital, equipment, real estate, or business acquisition needs.
  • Commercial Lending Solutions: Beyond SBA options, the bank provides commercial real estate loans, lines of credit, and term financing to support growing businesses.
  • Local Decision-Making: With experienced business bankers located throughout its markets, First American Bank delivers personalized guidance and fast approvals backed by local expertise.
  • Commitment to Community and Growth: Deeply rooted in the Midwest, the bank actively supports economic development, job creation, and community initiatives across the regions it serves.

Why Choose First American Bank for SBA Loans?

First American Bank combines the reach and resources of a regional powerhouse with the personalized service of a local lender. Its SBA lending specialists work closely with entrepreneurs to navigate the application process efficiently and secure financing tailored to their specific goals. Whether you’re launching a new business, purchasing equipment, or expanding your operations, First American Bank provides trusted expertise and competitive SBA financing to help you succeed.

How to Get Started

Ready to grow your business with an SBA loan or other financing option? Visit the First American Bank Business Banking page to explore SBA programs, review eligibility, and connect with an SBA lending expert.

Empower your financial future today with First American Bank — where Illinois businesses come to grow.

Industry