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County12th of 92 in Illinois by approvalsFIPS 17019
SBA loans in Champaign County, Illinois
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 134 loans to businesses in Champaign County, Illinois, in FY2021 to FY2025, worth $83.4M: 113 under 7(a) and 21 under 504.
That is 31.6 approvals per 1,000 business establishments (4,237 establishments in 2023), below the Illinois figure of 38.5 and below the national 41.0.
It ranks 12th of 92 Illinois counties with approvals. In FY2025 there were 36, up 38% on FY2024.
40 lenders had approvals here; the most active were Small Business Growth Corporation (18), Busey Bank (11) and Northeast Bank (10). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Champaign County
By number of approvals to businesses in the county, FY2021–FY2025; 40 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Small Business Growth CorporationSpringfield, IL · CDC | 18 | $15.2M | 13.4% | |
| 2 | Busey BankChampaign, IL | 11 | $7.3M | 8.2% | |
| 3 | Northeast BankLewiston, ME | 10 | $2.2M | 7.5% | |
| 4 | Bank of SpringfieldSpringfield, IL | 7 | $1.3M | 5.2% | |
| 5 | The Huntington National BankColumbus, OH | 7 | $1.3M | 5.2% | |
| 6 | The Fisher National BankFisher, IL | 6 | $957K | 4.5% | |
| 7 | Byline BankChicago, IL | 5 | $5.9M | 3.7% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 5 | $1.6M | 3.7% | |
| 9 | Morton Community BankMorton, IL | 5 | $1.3M | 3.7% | |
| 10 | CIBM BankChampaign, IL | 5 | $1.2M | 3.7% | |
| 11 | Millennium BankDes Plaines, IL | 4 | $15.9M | 3.0% | |
| 12 | Midland States BankEffingham, IL | 4 | $2.2M | 3.0% | |
| 13 | CIBC Bank USAChicago, IL | 3 | $5.1M | 2.2% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 3 | $2.1M | 2.2% | |
| 15 | SomerCor 504, Inc.Chicago, IL · CDC | 3 | $1.5M | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 17 | 12.7% | |
| 2 | Traveler AccommodationNAICS 7211 | 8 | 6.0% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 6.0% | |
| 4 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 7 | 5.2% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 6 | 4.5% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 4.5% | |
| 7 | Residential Building ConstructionNAICS 2361 | 5 | 3.7% | |
| 8 | General Freight TruckingNAICS 4841 | 5 | 3.7% | |
| 9 | Other Personal ServicesNAICS 8129 | 4 | 3.0% | |
| 10 | Home Health Care ServicesNAICS 6216 | 4 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 28 | 20.9% | |
| 2 | Health Care and Social Assistance | 16 | 11.9% | |
| 3 | Construction | 15 | 11.2% | |
| 4 | Other Services (except Public Administration) | 14 | 10.4% | |
| 5 | Retail Trade | 11 | 8.2% | |
| 6 | Professional, Scientific, and Technical Services | 10 | 7.5% | |
| 7 | Real Estate and Rental and Leasing | 10 | 7.5% | |
| 8 | Manufacturing | 8 | 6.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 16 | $3.1M | $138K | 2 | — | 18 | 84 |
| FY2025 | 30 | $9.6M | $247K | 6 | $2.9M | 36 | 291 |
| FY2024 | 25 | $18.9M | $150K | 1 | — | 26 | 243 |
| FY2023 | 24 | $10.0M | $125K | 3 | $3.3M | 27 | 259 |
| FY2022 | 17 | $16.0M | $500K | 3 | $4.7M | 20 | 233 |
| FY2021 | 17 | $12.2M | $250K | 8 | $4.1M | 25 | 378 |
| FY2020 | 16 | $17.8M | $563K | 4 | $2.3M | 20 | 257 |
| FY2019 | 17 | $12.3M | $350K | 2 | — | 19 | 339 |
| FY2018 | 11 | $5.3M | $323K | 5 | $4.5M | 16 | 246 |
| FY2017 | 14 | $4.5M | $150K | 5 | $4.6M | 19 | 246 |
| FY2016 | 13 | $9.7M | $150K | 2 | — | 15 | 209 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 89 approvals.
Against Illinois and the country
| FY2021–FY2025 | Champaign County | Illinois | United States |
|---|---|---|---|
| Approvals | 134 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 31.6 | 38.5 | 41.0 |
| Median 7(a) approval | $250K | $200K | $190K |
| Median 504 approval | $604K | $578K | $657K |
| Average approval | $622K | $581K | $573K |
| 504 share of approvals | 15.7% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 10.5 | 11.4 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less12.7%17
- $50,001 to $150,00026.1%35
- $150,001 to $350,00018.7%25
- $350,001 to $1 million26.1%35
- $1 million to $2 million8.2%11
- Over $2 million8.2%11
Age of the businesses
- Existing, more than 2 years old57.5%77
- New business, 2 years or less14.2%19
- Startup, loan funds will open the business16.4%22
- Change of ownership11.9%16
Questions and answers
Which lenders make the most SBA loans in Champaign County?
By approvals in FY2021 to FY2025: Small Business Growth Corporation (18), Busey Bank (11), Northeast Bank (10), Bank of Springfield (7), The Huntington National Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Champaign County?
The median 7(a) approval was $250K and the median 504 approval $604K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Champaign County?
Restaurants and Other Eating Places (17); Traveler Accommodation (8); Other Specialty Trade Contractors (8); Other Professional, Scientific, and Technical Services (7); Offices of Other Health Practitioners (6).
Is SBA lending in Champaign County rising?
Approvals in the three latest complete fiscal years total 89, against 65 in the three before: rising (+37%).
How does Champaign County compare with the rest of Illinois?
31.6 approvals per 1,000 establishments against 38.5 statewide, and 134 of the state's 12,417 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error