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County21st of 92 in Illinois by approvalsFIPS 17063
SBA loans in Grundy 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.
Businesses in Grundy County, Illinois, received 45 SBA loan approvals worth $39.0M in FY2021 to FY2025 (28 7(a), 17 504).
That is 37.4 approvals per 1,000 business establishments (1,202 establishments in 2023), close to the Illinois figure of 38.5 and close to the national 41.0.
It ranks 21st of 92 Illinois counties with approvals. In FY2025 there were 11.
17 lenders had approvals here; the most active were Small Business Growth Corporation (13), Byline Bank (6) and SomerCor 504, Inc. (4). The most common industry was miscellaneous durable goods merchant wholesalers.
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 Grundy County
By number of approvals to businesses in the county, FY2021–FY2025; 17 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Small Business Growth CorporationSpringfield, IL · CDC | 13 | $11.6M | 28.9% | |
| 2 | Byline BankChicago, IL | 6 | $11.9M | 13.3% | |
| 3 | SomerCor 504, Inc.Chicago, IL · CDC | 4 | $2.3M | 8.9% | |
| 4 | St. Charles Bank & Trust Company, National AssociationSaint Charles, IL | 3 | $1.0M | 6.7% | |
| 5 | JPMorgan Chase Bank, National AssociationColumbus, OH | 3 | $754K | 6.7% | |
| 6 | Centerstone SBA Lending, Inc.Los Angeles, CA | 2 | — | 4.4% | |
| 7 | VelocitySBA, LLCIrving, TX | 2 | — | 4.4% | |
| 8 | The Huntington National BankColumbus, OH | 2 | — | 4.4% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 2 | — | 4.4% | |
| 10 | Bank Five NineOconomowoc, WI | 1 | — | 2.2% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.2% | |
| 12 | First American BankElk Grove Village, IL | 1 | — | 2.2% | |
| 13 | Harvest Small Business Finance, LLCLaguna Hills, CA | 1 | — | 2.2% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.2% | |
| 15 | Village Bank and Trust, National AssociationArlington Heights, IL | 1 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 5 | 11.1% | |
| 2 | General Freight TruckingNAICS 4841 | 5 | 11.1% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 6.7% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.7% | |
| 5 | Traveler AccommodationNAICS 7211 | 2 | 4.4% | |
| 6 | Lessors of Real EstateNAICS 5311 | 2 | 4.4% | |
| 7 | Architectural and Structural Metals ManufacturingNAICS 3323 | 2 | 4.4% | |
| 8 | Other Transportation Equipment ManufacturingNAICS 3369 | 2 | 4.4% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 2 | 4.4% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 1 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 9 | 20.0% | |
| 2 | Wholesale Trade | 6 | 13.3% | |
| 3 | Construction | 6 | 13.3% | |
| 4 | Transportation and Warehousing | 5 | 11.1% | |
| 5 | Accommodation and Food Services | 5 | 11.1% | |
| 6 | Real Estate and Rental and Leasing | 3 | 6.7% | |
| 7 | Health Care and Social Assistance | 3 | 6.7% | |
| 8 | Other Services (except Public Administration) | 2 | 4.4% |
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* | 5 | $2.9M | $150K | 3 | $1.3M | 8 | 76 |
| FY2025 | 10 | $9.5M | $328K | 1 | — | 11 | 162 |
| FY2024 | 7 | $3.9M | $344K | 1 | — | 8 | 98 |
| FY2023 | 6 | $4.3M | $365K | 3 | $6.4M | 9 | 180 |
| FY2022 | 2 | — | — | 8 | $2.6M | 10 | 123 |
| FY2021 | 3 | $3.8M | $425K | 4 | $1.7M | 7 | 121 |
| FY2020 | 3 | $4.2M | $890K | 2 | — | 5 | 55 |
| FY2019 | 6 | $1.3M | $118K | 1 | — | 7 | 90 |
| FY2018 | 7 | $8.1M | $705K | 3 | $1.3M | 10 | 156 |
| FY2017 | 3 | $202K | $28K | 2 | — | 5 | 18 |
| FY2016 | 6 | $2.8M | $15K | 0 | — | 6 | 68 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 33 approvals.
Against Illinois and the country
| FY2021–FY2025 | Grundy County | Illinois | United States |
|---|---|---|---|
| Approvals | 45 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 37.4 | 38.5 | 41.0 |
| Median 7(a) approval | $400K | $200K | $190K |
| Median 504 approval | $260K | $578K | $657K |
| Average approval | $866K | $581K | $573K |
| 504 share of approvals | 37.8% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 15.2 | 11.4 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less6.7%3
- $50,001 to $150,00011.1%5
- $150,001 to $350,00033.3%15
- $350,001 to $1 million17.8%8
- $1 million to $2 million22.2%10
- Over $2 million8.9%4
Age of the businesses
- Existing, more than 2 years old75.6%34
- New business, 2 years or less2.2%1
- Startup, loan funds will open the business13.3%6
- Change of ownership8.9%4
Questions and answers
Which lenders make the most SBA loans in Grundy County?
By approvals in FY2021 to FY2025: Small Business Growth Corporation (13), Byline Bank (6), SomerCor 504, Inc. (4), St. Charles Bank & Trust Company, National Association (3), JPMorgan Chase Bank, National Association (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Grundy County?
The median 7(a) approval was $400K and the median 504 approval $260K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Grundy County?
Miscellaneous Durable Goods Merchant Wholesalers (5); General Freight Trucking (5); Other Specialty Trade Contractors (3); Restaurants and Other Eating Places (3); Traveler Accommodation (2).
Is SBA lending in Grundy County rising?
Approvals in the three latest complete fiscal years total 28, against 22 in the three before: rising (+27%).
How does Grundy County compare with the rest of Illinois?
37.4 approvals per 1,000 establishments against 38.5 statewide, and 45 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