Chicago office reaches full coverage capacity.
The firm's Chicago office, opened in April 2025, now operates with its full complement of four senior coverage bankers focused on Midwest industrial credit.
Steelbanc today announced that its Chicago office has reached full coverage capacity. The office, opened in April 2025 in the Chicago Loop, now operates with its full complement of four senior coverage bankers focused on Midwest industrial credit.
The Chicago office covers eight Midwestern states (Illinois, Indiana, Michigan, Ohio, Wisconsin, Minnesota, Iowa, and Missouri), and has contributed approximately $84 million in originations in its first six months of operation. The team includes coverage bankers with prior experience at money- center commercial banks and regional industrial credit shops.
“The Midwest manufacturing belt is the firm’s single largest concentration of demand and a strategic priority for us. Establishing a physical presence in Chicago was a commitment to the region and to our borrowers there.”
Steelbanc is evaluating a third coverage office (Atlanta or Charlotte) for opening in 2027.
Steelbanc is a specialty commercial lender purpose-built for North American manufacturers. Founded in 2022 and headquartered in New York with an office in Chicago, the firm provides senior secured credit, equipment finance, and working capital facilities to mid-market industrial operators across the United States and Canada. Learn more at steelbanc.com.
Steelbanc Press Desk — press@steelbanc.com