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County19th of 92 in Illinois by approvalsFIPS 17091
SBA loans in Kankakee 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 Kankakee County, Illinois, received 53 SBA loan approvals worth $31.4M in FY2021 to FY2025 (47 7(a), 6 504).
That is 23.4 approvals per 1,000 business establishments (2,268 establishments in 2023), below the Illinois figure of 38.5 and below the national 41.0.
It ranks 19th of 92 Illinois counties with approvals. In FY2025 there were 16, up 45% on FY2024.
20 lenders had approvals here; the most active were Byline Bank (8), Small Business Growth Corporation (6) and Live Oak Banking Company (4). 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 Kankakee County
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Byline BankChicago, IL | 8 | $8.0M | 15.1% | |
| 2 | Small Business Growth CorporationSpringfield, IL · CDC | 6 | $6.7M | 11.3% | |
| 3 | Live Oak Banking CompanyWilmington, NC | 4 | $4.5M | 7.5% | |
| 4 | Citizens First BankClinton, IA | 4 | $800K | 7.5% | |
| 5 | The Huntington National BankColumbus, OH | 4 | $748K | 7.5% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 3 | $550K | 5.7% | |
| 7 | Bank of America, National AssociationCharlotte, NC | 3 | $436K | 5.7% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 3 | $389K | 5.7% | |
| 9 | Midland States BankEffingham, IL | 3 | $192K | 5.7% | |
| 10 | Hinsdale Bank & Trust Company, National AssociationHinsdale, IL | 2 | — | 3.8% | |
| 11 | VelocitySBA, LLCIrving, TX | 2 | — | 3.8% | |
| 12 | Millennium BankDes Plaines, IL | 2 | — | 3.8% | |
| 13 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 3.8% | |
| 14 | Pinnacle BankNashville, TN | 1 | — | 1.9% | |
| 15 | First Nations BankChicago, IL | 1 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 7 | 13.2% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 11.3% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 5 | 9.4% | |
| 4 | Investigation and Security ServicesNAICS 5616 | 5 | 9.4% | |
| 5 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 3 | 5.7% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 5.7% | |
| 7 | Gasoline StationsNAICS 4571 | 2 | 3.8% | |
| 8 | Automobile DealersNAICS 4411 | 2 | 3.8% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 3.8% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 2 | 3.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 9 | 17.0% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 8 | 15.1% | |
| 3 | Accommodation and Food Services | 7 | 13.2% | |
| 4 | Transportation and Warehousing | 7 | 13.2% | |
| 5 | Professional, Scientific, and Technical Services | 6 | 11.3% | |
| 6 | Health Care and Social Assistance | 4 | 7.5% | |
| 7 | Other Services (except Public Administration) | 4 | 7.5% | |
| 8 | Construction | 2 | 3.8% |
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* | 6 | $6.2M | $1.4M | 1 | — | 7 | 45 |
| FY2025 | 16 | $6.9M | $218K | 0 | — | 16 | 187 |
| FY2024 | 10 | $7.0M | $504K | 1 | — | 11 | 186 |
| FY2023 | 7 | $2.6M | $230K | 1 | — | 8 | 77 |
| FY2022 | 5 | $3.0M | $500K | 1 | — | 6 | 42 |
| FY2021 | 9 | $5.2M | $250K | 3 | $2.5M | 12 | 108 |
| FY2020 | 4 | $2.6M | $669K | 2 | — | 6 | 54 |
| FY2019 | 4 | $1.3M | $275K | 0 | — | 4 | 29 |
| FY2018 | 2 | — | — | 3 | $1.2M | 5 | 22 |
| FY2017 | 8 | $7.1M | $361K | 2 | — | 10 | 87 |
| FY2016 | 9 | $2.7M | $350K | 0 | — | 9 | 104 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 34 approvals.
Against Illinois and the country
| FY2021–FY2025 | Kankakee County | Illinois | United States |
|---|---|---|---|
| Approvals | 53 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 23.4 | 38.5 | 41.0 |
| Median 7(a) approval | $250K | $200K | $190K |
| Median 504 approval | $977K | $578K | $657K |
| Average approval | $592K | $581K | $573K |
| 504 share of approvals | 11.3% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 11.3 | 11.4 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less17.0%9
- $50,001 to $150,00013.2%7
- $150,001 to $350,00024.5%13
- $350,001 to $1 million24.5%13
- $1 million to $2 million18.9%10
- Over $2 million1.9%1
Age of the businesses
- Existing, more than 2 years old60.4%32
- New business, 2 years or less5.7%3
- Startup, loan funds will open the business3.8%2
- Change of ownership30.2%16
Questions and answers
Which lenders make the most SBA loans in Kankakee County?
By approvals in FY2021 to FY2025: Byline Bank (8), Small Business Growth Corporation (6), Live Oak Banking Company (4), Citizens First Bank (4), The Huntington National Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Kankakee County?
The median 7(a) approval was $250K and the median 504 approval $977K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Kankakee County?
General Freight Trucking (7); Restaurants and Other Eating Places (6); Beer, Wine, and Liquor Stores (5); Investigation and Security Services (5); Accounting, Tax Preparation, Bookkeeping, and Payroll Services (3).
Is SBA lending in Kankakee County rising?
Approvals in the three latest complete fiscal years total 35, against 24 in the three before: rising (+46%).
How does Kankakee County compare with the rest of Illinois?
23.4 approvals per 1,000 establishments against 38.5 statewide, and 53 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