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County14th of 92 in Illinois by approvalsFIPS 17115
SBA loans in Macon 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 87 loans to businesses in Macon County, Illinois, in FY2021 to FY2025, worth $54.6M: 82 under 7(a) and 5 under 504.
That is 38.8 approvals per 1,000 business establishments (2,241 establishments in 2023), close to the Illinois figure of 38.5 and close to the national 41.0.
It ranks 14th of 92 Illinois counties with approvals. In FY2025 there were 12, down 33% on FY2024.
21 lenders had approvals here; the most active were First Mid Bank & Trust, National Association (35), Byline Bank (10) and Land of Lincoln Credit Union (6). 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 Macon County
By number of approvals to businesses in the county, FY2021–FY2025; 21 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First Mid Bank & Trust, National AssociationMattoon, IL | 35 | $8.5M | 40.2% | |
| 2 | Byline BankChicago, IL | 10 | $15.4M | 11.5% | |
| 3 | Land of Lincoln Credit UnionDecatur, IL | 6 | $525K | 6.9% | |
| 4 | Bank of SpringfieldSpringfield, IL | 5 | $1.6M | 5.7% | |
| 5 | First National Bank of PanaPana, IL | 4 | $1.8M | 4.6% | |
| 6 | GBankLas Vegas, NV | 3 | $8.6M | 3.4% | |
| 7 | Peoples Bank & TrustPana, IL | 3 | $4.6M | 3.4% | |
| 8 | Celtic Bank CorporationSalt Lake City, UT | 3 | $1.5M | 3.4% | |
| 9 | SomerCor 504, Inc.Chicago, IL · CDC | 3 | $1.4M | 3.4% | |
| 10 | First Financial BankEl Dorado, AR | 2 | — | 2.3% | |
| 11 | Small Business Growth CorporationSpringfield, IL · CDC | 2 | — | 2.3% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 2 | — | 2.3% | |
| 13 | T Bank, National AssociationDallas, TX | 1 | — | 1.1% | |
| 14 | Centerstone SBA Lending, Inc.Los Angeles, CA | 1 | — | 1.1% | |
| 15 | Busey BankChampaign, IL | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 13.8% | |
| 2 | Traveler AccommodationNAICS 7211 | 7 | 8.0% | |
| 3 | Gasoline StationsNAICS 4571 | 6 | 6.9% | |
| 4 | General Freight TruckingNAICS 4841 | 6 | 6.9% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 4.6% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 4 | 4.6% | |
| 7 | Other Personal ServicesNAICS 8129 | 3 | 3.4% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 3 | 3.4% | |
| 9 | Personal Care ServicesNAICS 8121 | 3 | 3.4% | |
| 10 | Health and Personal Care RetailersNAICS 4561 | 2 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 19 | 21.8% | |
| 2 | Retail Trade | 16 | 18.4% | |
| 3 | Transportation and Warehousing | 10 | 11.5% | |
| 4 | Other Services (except Public Administration) | 8 | 9.2% | |
| 5 | Manufacturing | 7 | 8.0% | |
| 6 | Construction | 7 | 8.0% | |
| 7 | Professional, Scientific, and Technical Services | 5 | 5.7% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 5 | 5.7% |
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 | $1.7M | $162K | 0 | — | 6 | 13 |
| FY2025 | 11 | $9.4M | $455K | 1 | — | 12 | 171 |
| FY2024 | 17 | $11.5M | $167K | 1 | — | 18 | 202 |
| FY2023 | 14 | $8.3M | $156K | 1 | — | 15 | 108 |
| FY2022 | 15 | $7.5M | $333K | 2 | — | 17 | 94 |
| FY2021 | 25 | $15.7M | $180K | 0 | — | 25 | 155 |
| FY2020 | 15 | $8.3M | $150K | 2 | — | 17 | 158 |
| FY2019 | 12 | $4.0M | $224K | 3 | $2.0M | 15 | 78 |
| FY2018 | 16 | $8.0M | $300K | 0 | — | 16 | 288 |
| FY2017 | 16 | $13.7M | $142K | 2 | — | 18 | 121 |
| FY2016 | 29 | $4.1M | $75K | 4 | $2.6M | 33 | 284 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 99 approvals.
Against Illinois and the country
| FY2021–FY2025 | Macon County | Illinois | United States |
|---|---|---|---|
| Approvals | 87 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 38.8 | 38.5 | 41.0 |
| Median 7(a) approval | $205K | $200K | $190K |
| Median 504 approval | $401K | $578K | $657K |
| Average approval | $628K | $581K | $573K |
| 504 share of approvals | 5.7% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 8.4 | 11.4 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less13.8%12
- $50,001 to $150,00024.1%21
- $150,001 to $350,00025.3%22
- $350,001 to $1 million17.2%15
- $1 million to $2 million10.3%9
- Over $2 million9.2%8
Age of the businesses
- Existing, more than 2 years old34.5%30
- New business, 2 years or less24.1%21
- Startup, loan funds will open the business20.7%18
- Change of ownership20.7%18
Questions and answers
Which lenders make the most SBA loans in Macon County?
By approvals in FY2021 to FY2025: First Mid Bank & Trust, National Association (35), Byline Bank (10), Land of Lincoln Credit Union (6), Bank of Springfield (5), First National Bank of Pana (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Macon County?
The median 7(a) approval was $205K and the median 504 approval $401K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Macon County?
Restaurants and Other Eating Places (12); Traveler Accommodation (7); Gasoline Stations (6); General Freight Trucking (6); Other Specialty Trade Contractors (4).
Is SBA lending in Macon County rising?
Approvals in the three latest complete fiscal years total 45, against 59 in the three before: falling (-24%).
How does Macon County compare with the rest of Illinois?
38.8 approvals per 1,000 establishments against 38.5 statewide, and 87 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