GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
209
2010–2025
Total Volume
$148M
Gross loan amounts
States Active
7
With recorded loans
Programs
7(a) & 504
209 total segments
Old Second National Bank is a strong choice for real estate financing, with 86% of their SBA deals being 504 loans, far exceeding the national average of 18%. This indicates a solid focus on helping businesses acquire property or equipment.
With an average 7(a) spread of P+2.37%, Old Second National Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
The bank's focus is primarily on existing businesses, which make up 82% of their deals. If you're a startup or looking to acquire a business, you may find limited options here, as only 12% of their deals are for startups.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 179 504 loans, which use fixed SBA debenture rates.
States where OLD SECOND NATIONAL BANK has recorded SBA lending activity.
+ 2 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Transportation & Warehousing
Transportation & Warehousing
Other Health Practitioners
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
Other Repair & Services
Other Services
Auto Repair & Maintenance
Other Services
+ 7 more
All recorded SBA lending activity for OLD SECOND NATIONAL BANK, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Manufacturing · $150K – $350K | 504 | 10 | — | $260K | Q3 2022 |
| Illinois · Manufacturing · $350K – $500K | 504 | 6 | — | $415K | Q4 2023 |
| Illinois · Specialty Trade Contractors · $150K – $350K | 504 | 6 | — | $248K | Q2 2021 |
| Illinois · Transportation & Warehousing · $500K – $1M | 504 | 5 | — | $686K | Q2 2023 |
| Illinois · Manufacturing · $1M – $2M | 504 | 5 | — | $1.4M | Q1 2025 |
| Illinois · Other Health Practitioners · $150K – $350K | 504 | 4 | — | $255K | Q4 2024 |
| Illinois · Laundry & Dry Cleaning · $500K – $1M | 504 | 4 | — | $708K | Q4 2018 |
| Illinois · Restaurants & Food Service · $500K – $1M | 504 | 4 | — | $678K | Q2 2021 |
| Illinois · Auto Repair & Maintenance · $150K – $350K | 504 | 4 | — | $240K | Q3 2021 |
| Illinois · Manufacturing · $500K – $1M | 504 | 4 | — | $631K | Q3 2021 |
| Illinois · Restaurants & Food Service · $150K – $350K | 504 | 3 | — | $242K | Q4 2021 |
| Illinois · Wholesale Trade · $2M – $5M | 504 | 3 | — | $4.3M | Q4 2021 |
| Illinois · Transportation & Warehousing · $350K – $500K | 504 | 3 | — | $480K | Q2 2023 |
| Illinois · Restaurants & Food Service · $1M – $2M | 504 | 3 | — | $1.2M | Q3 2022 |
| Illinois · Other Repair & Services · $500K – $1M | 504 | 3 | — | $681K | Q4 2023 |
| Illinois · Auto Dealers & Parts · $150K – $350K | 504 | 3 | — | $281K | Q2 2021 |
| Illinois · Other Health Practitioners · Under $150K | 504 | 3 | — | $111K | Q1 2025 |
| Illinois · Retail Trade · $150K – $350K | 504 | 3 | — | $276K | Q3 2013 |
| Illinois · Transportation & Warehousing · $1M – $2M | 504 | 3 | — | $1.8M | Q4 2021 |
| Illinois · Manufacturing · $2M – $5M | 504 | 3 | — | $3.7M | Q3 2023 |
| Illinois · Physician & Dental Offices · $150K – $350K | 504 | 3 | — | $304K | Q1 2012 |
| Illinois · Miscellaneous Retail · $350K – $500K | 504 | 2 | — | $486K | Q3 2024 |
| Illinois · Wholesale Trade · $500K – $1M | 504 | 2 | — | $634K | Q3 2020 |
| Illinois · Legal Services · $150K – $350K | 504 | 2 | — | $211K | Q3 2014 |
| Illinois · Auto Repair & Maintenance · Under $150K | 504 | 2 | — | $128K | Q1 2016 |
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Real experiences from borrowers who closed SBA loans with OLD SECOND NATIONAL BANK.
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