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IL
Last updated: July 11, 2025
Illinois Business Funding Guide
Illinois continues to be a high-performing state for SBA-backed business loans in 2025, driven by Chicago's financial services, logistics, and healthcare sectors. With average loan amounts of $515,000, the state has wide lender availability and diverse funding options. Businesses in urban and suburban regions benefit from a mature loan infrastructure, making Illinois one of the better places to secure working capital.
12,549,689
Population
515000
Avg. Funding Amount
Finance
Business Climate
3
Major Cities
Major Business Centers
Chicago
Aurora
Rockford
Top Business Funding Topics for Illinois
Essential reading for Illinois entrepreneurs seeking business funding
Merchant Cash Advance
#1
Everything you need to know about merchant cash advances, including how they work, costs, benefits, and alternatives - Specifically tailored for Illinois businesses and market conditions.
12 min read
Read Guide