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County5th of 92 in Illinois by approvalsFIPS 17089
SBA loans in Kane 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 Kane County, Illinois, received 715 SBA loan approvals worth $477M in FY2021 to FY2025 (550 7(a), 165 504).
That is 52.8 approvals per 1,000 business establishments (13,537 establishments in 2023), above the Illinois figure of 38.5 and above the national 41.0.
It ranks 5th of 92 Illinois counties with approvals. In FY2025 there were 173, up 29% on FY2024.
91 lenders had approvals here; the most active were The Huntington National Bank (124), Small Business Growth Corporation (99) and SomerCor 504, Inc. (58). The most common industry was general freight trucking.
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 Kane County
By number of approvals to businesses in the county, FY2021–FY2025; 91 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 124 | $26.0M | 17.3% | |
| 2 | Small Business Growth CorporationSpringfield, IL · CDC | 99 | $96.1M | 13.8% | |
| 3 | SomerCor 504, Inc.Chicago, IL · CDC | 58 | $54.0M | 8.1% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 42 | $10.3M | 5.9% | |
| 5 | St. Charles Bank & Trust Company, National AssociationSaint Charles, IL | 25 | $13.4M | 3.5% | |
| 6 | Union National BankElgin, IL | 25 | $7.8M | 3.5% | |
| 7 | Byline BankChicago, IL | 23 | $29.7M | 3.2% | |
| 8 | JPMorgan Chase Bank, National AssociationColumbus, OH | 19 | $3.1M | 2.7% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 16 | $23.6M | 2.2% | |
| 10 | Village Bank and Trust, National AssociationArlington Heights, IL | 16 | $10.9M | 2.2% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 16 | $6.2M | 2.2% | |
| 12 | BayFirst National BankSaint Petersburg, FL | 15 | $6.3M | 2.1% | |
| 13 | Enterprise Bank & TrustClayton, MO | 13 | $17.4M | 1.8% | |
| 14 | Newtek Bank, National AssociationMiami, FL | 13 | $11.1M | 1.8% | |
| 15 | United Midwest Savings Bank National AssociationDe Graff, OH | 13 | $2.7M | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 56 | 7.8% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 53 | 7.4% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 33 | 4.6% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 24 | 3.4% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 20 | 2.8% | |
| 6 | Personal Care ServicesNAICS 8121 | 17 | 2.4% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 17 | 2.4% | |
| 8 | Gasoline StationsNAICS 4471 | 16 | 2.2% | |
| 9 | Child Day Care ServicesNAICS 6244 | 16 | 2.2% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 16 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 87 | 12.2% | |
| 2 | Construction | 81 | 11.3% | |
| 3 | Retail Trade | 73 | 10.2% | |
| 4 | Accommodation and Food Services | 72 | 10.1% | |
| 5 | Transportation and Warehousing | 70 | 9.8% | |
| 6 | Other Services (except Public Administration) | 69 | 9.7% | |
| 7 | Professional, Scientific, and Technical Services | 60 | 8.4% | |
| 8 | Health Care and Social Assistance | 47 | 6.6% |
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* | 72 | $37.6M | $155K | 16 | $13.3M | 88 | 1,012 |
| FY2025 | 151 | $78.0M | $250K | 22 | $18.2M | 173 | 2,019 |
| FY2024 | 112 | $62.2M | $173K | 22 | $25.8M | 134 | 1,962 |
| FY2023 | 89 | $47.4M | $300K | 30 | $29.2M | 119 | 1,833 |
| FY2022 | 92 | $63.7M | $300K | 43 | $45.1M | 135 | 1,872 |
| FY2021 | 106 | $68.6M | $347K | 48 | $39.0M | 154 | 1,502 |
| FY2020 | 70 | $47.3M | $313K | 26 | $15.9M | 96 | 1,314 |
| FY2019 | 108 | $53.0M | $179K | 19 | $13.7M | 127 | 1,386 |
| FY2018 | 115 | $38.2M | $125K | 33 | $20.5M | 148 | 1,413 |
| FY2017 | 93 | $38.0M | $150K | 20 | $17.1M | 113 | 1,182 |
| FY2016 | 90 | $38.9M | $162K | 28 | $17.1M | 118 | 1,048 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 602 approvals.
Against Illinois and the country
| FY2021–FY2025 | Kane County | Illinois | United States |
|---|---|---|---|
| Approvals | 715 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 52.8 | 38.5 | 41.0 |
| Median 7(a) approval | $267K | $200K | $190K |
| Median 504 approval | $563K | $578K | $657K |
| Average approval | $667K | $581K | $573K |
| 504 share of approvals | 23.1% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 12.9 | 11.4 | 10.5 |
| Share of state approvals | 5.8% | 100.0% | — |
Approval sizes
- $50,000 or less14.8%106
- $50,001 to $150,00015.7%112
- $150,001 to $350,00021.4%153
- $350,001 to $1 million30.2%216
- $1 million to $2 million9.4%67
- Over $2 million8.5%61
Age of the businesses
- Existing, more than 2 years old65.9%471
- New business, 2 years or less9.5%68
- Startup, loan funds will open the business15.2%109
- Change of ownership9.4%67
Questions and answers
Which lenders make the most SBA loans in Kane County?
By approvals in FY2021 to FY2025: The Huntington National Bank (124), Small Business Growth Corporation (99), SomerCor 504, Inc. (58), U.S. Bank, National Association (42), St. Charles Bank & Trust Company, National Association (25). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kane County?
The median 7(a) approval was $267K and the median 504 approval $563K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Kane County?
General Freight Trucking (56); Restaurants and Other Eating Places (53); Automotive Repair and Maintenance (33); Building Equipment Contractors (24); Other Amusement and Recreation Industries (20).
Is SBA lending in Kane County rising?
Approvals in the three latest complete fiscal years total 426, against 385 in the three before: rising (+11%).
How does Kane County compare with the rest of Illinois?
52.8 approvals per 1,000 establishments against 38.5 statewide, and 715 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