State Bank of the Lakes, National Association: SBA loans in this registry
4companies
5loans
$7.0Mtotal approved
$1.4Maverage loan
About this lender
- Type
- Bank
- Headquarters
- Antioch, IL
- FDIC certificate number
- 5744
- Total assets
- $2.8 billion (as of June 30, 2026)
- Established
- 1926
- Offices
- 10
- Website
- www.sbotl.com
- Acquisition loans (7(a))
- 4 loans, $5.6M total, $1.4M average
- Expansion loans (504, SBA portion)
- 1 loan, $1.4M total, $1.4M average
- Approval dates
- Aug 21, 2024 to Feb 4, 2025
- Typical term (median)
- acquisition loans: 12 years; expansion loans: 25 years
- Initial interest rate (7(a))
- 7.5% to 10%, median 7.85%
- Rate type (7(a))
- 25% variable, 75% fixed
Top industries
- Masonry Contractors: 2 loans
- Gasoline Stations with Convenience Stores: 1 loan
- Funeral Homes and Funeral Services: 1 loan
- Machine Shops: 1 loan
Top states
- Illinois: 5 loans
Largest deals
- Strang Funeral Chapel, Ltd, Grayslake, IL: $2,059,300 (7(a) acquisition, Nov 12, 2024)
- Jjt Holdings, LLC, Schaumburg, IL: $1,625,900 (7(a) acquisition, Sep 27, 2024)
- Dharni Realty Group LLC, Lake Villa, IL: $1,444,000 (504 SBA portion, Feb 4, 2025)
- Rasco Mason Contractors, Inc., Grayslake, IL: $990,000 (7(a) acquisition, Aug 21, 2024)
- Rasco Mason Contractors, Inc., Grayslake, IL: $900,000 (7(a) acquisition, Aug 22, 2024)
Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.
Companies
Use search to find others.
| Company | Location | Industry | Type | Latest approval | Approved |
|---|---|---|---|---|---|
| Dharni Realty Group LLC | Lake Villa, IL | Gasoline Stations with Convenience Stores | Expansion | Feb 4, 2025 | $1.4M |
| Strang Funeral Chapel, Ltd | Grayslake, IL | Funeral Homes and Funeral Services | Acquisition | Nov 12, 2024 | $2.1M |
| Jjt Holdings, LLC | Schaumburg, IL | Machine Shops | Acquisition | Sep 27, 2024 | $1.6M |
| Rasco Mason Contractors, Inc. | Grayslake, IL | Masonry Contractors | Acquisition | Aug 22, 2024 | $1.9M |