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County18th of 92 in Illinois by approvalsFIPS 17099
SBA loans in LaSalle 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 54 loans to businesses in LaSalle County, Illinois, in FY2021 to FY2025, worth $37.0M: 44 under 7(a) and 10 under 504.
That is 21.4 approvals per 1,000 business establishments (2,523 establishments in 2023), below the Illinois figure of 38.5 and below the national 41.0.
It ranks 18th of 92 Illinois counties with approvals. In FY2025 there were 15, up 25% on FY2024.
28 lenders had approvals here; the most active were Midland States Bank (7), SomerCor 504, Inc. (5) and Peru Federal Savings Bank (4). The most common industry was traveler accommodation.
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 LaSalle County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Midland States BankEffingham, IL | 7 | $2.1M | 13.0% | |
| 2 | SomerCor 504, Inc.Chicago, IL · CDC | 5 | $1.8M | 9.3% | |
| 3 | Peru Federal Savings BankPeru, IL | 4 | $1.2M | 7.4% | |
| 4 | Small Business Growth CorporationSpringfield, IL · CDC | 3 | $4.2M | 5.6% | |
| 5 | VelocitySBA, LLCIrving, TX | 3 | $2.3M | 5.6% | |
| 6 | Byline BankChicago, IL | 3 | $1.6M | 5.6% | |
| 7 | The Huntington National BankColumbus, OH | 3 | $695K | 5.6% | |
| 8 | Centerstone SBA Lending, Inc.Los Angeles, CA | 2 | — | 3.7% | |
| 9 | Heritage Bank IncBurlington, KY | 2 | — | 3.7% | |
| 10 | First Western SBLC, LLCDallas, TX | 2 | — | 3.7% | |
| 11 | Hinsdale Bank & Trust Company, National AssociationHinsdale, IL | 2 | — | 3.7% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 3.7% | |
| 13 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 1.9% | |
| 14 | GBankLas Vegas, NV | 1 | — | 1.9% | |
| 15 | FWBankChicago, IL | 1 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 6 | 11.1% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 4 | 7.4% | |
| 3 | Other Personal ServicesNAICS 8129 | 4 | 7.4% | |
| 4 | General Freight TruckingNAICS 4841 | 3 | 5.6% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 5.6% | |
| 6 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 5.6% | |
| 7 | Gasoline StationsNAICS 4571 | 2 | 3.7% | |
| 8 | Other Motor Vehicle DealersNAICS 4412 | 2 | 3.7% | |
| 9 | Grocery StoresNAICS 4451 | 2 | 3.7% | |
| 10 | Architectural and Structural Metals ManufacturingNAICS 3323 | 2 | 3.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 14 | 25.9% | |
| 2 | Accommodation and Food Services | 10 | 18.5% | |
| 3 | Wholesale Trade | 5 | 9.3% | |
| 4 | Other Services (except Public Administration) | 5 | 9.3% | |
| 5 | Transportation and Warehousing | 3 | 5.6% | |
| 6 | Arts, Entertainment, and Recreation | 3 | 5.6% | |
| 7 | Construction | 3 | 5.6% | |
| 8 | Finance and Insurance | 3 | 5.6% |
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* | 3 | $1.9M | $500K | 1 | — | 4 | 9 |
| FY2025 | 12 | $9.5M | $500K | 3 | $1.3M | 15 | 137 |
| FY2024 | 10 | $7.0M | $432K | 2 | — | 12 | 99 |
| FY2023 | 8 | $4.7M | $253K | 1 | — | 9 | 95 |
| FY2022 | 3 | $2.1M | $838K | 1 | — | 4 | 26 |
| FY2021 | 11 | $6.8M | $375K | 3 | $4.3M | 14 | 104 |
| FY2020 | 1 | — | — | 0 | — | 1 | 7 |
| FY2019 | 5 | $6.8M | $200K | 1 | — | 6 | 120 |
| FY2018 | 9 | $4.1M | $564K | 1 | — | 10 | 67 |
| FY2017 | 4 | $1.4M | $142K | 1 | — | 5 | 51 |
| FY2016 | 0 | — | — | 0 | — | 0 | 0 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 22 approvals.
Against Illinois and the country
| FY2021–FY2025 | LaSalle County | Illinois | United States |
|---|---|---|---|
| Approvals | 54 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 21.4 | 38.5 | 41.0 |
| Median 7(a) approval | $463K | $200K | $190K |
| Median 504 approval | $369K | $578K | $657K |
| Average approval | $686K | $581K | $573K |
| 504 share of approvals | 18.5% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 8.5 | 11.4 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less5.6%3
- $50,001 to $150,00011.1%6
- $150,001 to $350,00024.1%13
- $350,001 to $1 million42.6%23
- $1 million to $2 million11.1%6
- Over $2 million5.6%3
Age of the businesses
- Existing, more than 2 years old51.9%28
- New business, 2 years or less9.3%5
- Startup, loan funds will open the business18.5%10
- Change of ownership20.4%11
Questions and answers
Which lenders make the most SBA loans in LaSalle County?
By approvals in FY2021 to FY2025: Midland States Bank (7), SomerCor 504, Inc. (5), Peru Federal Savings Bank (4), Small Business Growth Corporation (3), VelocitySBA, LLC (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in LaSalle County?
The median 7(a) approval was $463K and the median 504 approval $369K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in LaSalle County?
Traveler Accommodation (6); Beer, Wine, and Liquor Stores (4); Other Personal Services (4); General Freight Trucking (3); Other Amusement and Recreation Industries (3).
Is SBA lending in LaSalle County rising?
Approvals in the three latest complete fiscal years total 36, against 19 in the three before: rising (+89%).
How does LaSalle County compare with the rest of Illinois?
21.4 approvals per 1,000 establishments against 38.5 statewide, and 54 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