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County13th of 92 in Illinois by approvalsFIPS 17113
SBA loans in McLean 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 89 loans to businesses in McLean County, Illinois, in FY2021 to FY2025, worth $59.4M: 72 under 7(a) and 17 under 504.
That is 25.6 approvals per 1,000 business establishments (3,481 establishments in 2023), below the Illinois figure of 38.5 and below the national 41.0.
It ranks 13th of 92 Illinois counties with approvals. In FY2025 there were 18, up 13% on FY2024.
31 lenders had approvals here; the most active were Small Business Growth Corporation (11), Heartland Bank and Trust Company (9) and Busey Bank (8). 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 McLean County
By number of approvals to businesses in the county, FY2021–FY2025; 31 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Small Business Growth CorporationSpringfield, IL · CDC | 11 | $8.6M | 12.4% | |
| 2 | Heartland Bank and Trust CompanyBloomington, IL | 9 | $5.6M | 10.1% | |
| 3 | Busey BankChampaign, IL | 8 | $11.0M | 9.0% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 7 | $3.0M | 7.9% | |
| 5 | SomerCor 504, Inc.Chicago, IL · CDC | 6 | $4.2M | 6.7% | |
| 6 | The Huntington National BankColumbus, OH | 6 | $2.4M | 6.7% | |
| 7 | Northeast BankLewiston, ME | 4 | $484K | 4.5% | |
| 8 | Commerce BankKansas City, MO | 4 | $165K | 4.5% | |
| 9 | GBankLas Vegas, NV | 3 | $6.4M | 3.4% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 3 | $4.0M | 3.4% | |
| 11 | INB, National AssociationSpringfield, IL | 3 | $1.3M | 3.4% | |
| 12 | Morton Community BankMorton, IL | 3 | $869K | 3.4% | |
| 13 | First Security BankMackinaw, IL | 2 | — | 2.2% | |
| 14 | First Mid Bank & Trust, National AssociationMattoon, IL | 2 | — | 2.2% | |
| 15 | Bank of SpringfieldSpringfield, IL | 2 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 12.4% | |
| 2 | Traveler AccommodationNAICS 7211 | 5 | 5.6% | |
| 3 | Child Day Care ServicesNAICS 6244 | 5 | 5.6% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 5 | 5.6% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 4.5% | |
| 6 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 3 | 3.4% | |
| 7 | Lawn and Garden Equipment and Supplies StoresNAICS 4442 | 3 | 3.4% | |
| 8 | Apparel, Piece Goods, and Notions Merchant WholesalersNAICS 4243 | 3 | 3.4% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 3 | 3.4% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 3 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 16 | 18.0% | |
| 2 | Retail Trade | 15 | 16.9% | |
| 3 | Health Care and Social Assistance | 12 | 13.5% | |
| 4 | Other Services (except Public Administration) | 7 | 7.9% | |
| 5 | Construction | 7 | 7.9% | |
| 6 | Manufacturing | 6 | 6.7% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 6 | 6.7% | |
| 8 | Professional, Scientific, and Technical Services | 5 | 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* | 12 | $3.5M | $214K | 2 | — | 14 | 106 |
| FY2025 | 14 | $7.9M | $200K | 4 | $1.9M | 18 | 150 |
| FY2024 | 12 | $11.8M | $348K | 4 | $6.5M | 16 | 217 |
| FY2023 | 15 | $5.3M | $373K | 3 | $1.2M | 18 | 183 |
| FY2022 | 12 | $11.4M | $294K | 4 | $2.3M | 16 | 111 |
| FY2021 | 19 | $10.2M | $366K | 2 | — | 21 | 195 |
| FY2020 | 13 | $3.4M | $150K | 5 | $3.0M | 18 | 164 |
| FY2019 | 14 | $11.4M | $476K | 5 | $2.3M | 19 | 289 |
| FY2018 | 13 | $3.8M | $125K | 5 | $1.8M | 18 | 118 |
| FY2017 | 14 | $7.0M | $334K | 2 | — | 16 | 346 |
| FY2016 | 13 | $7.9M | $298K | 9 | $8.4M | 22 | 342 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 93 approvals.
Against Illinois and the country
| FY2021–FY2025 | McLean County | Illinois | United States |
|---|---|---|---|
| Approvals | 89 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 25.6 | 38.5 | 41.0 |
| Median 7(a) approval | $340K | $200K | $190K |
| Median 504 approval | $493K | $578K | $657K |
| Average approval | $668K | $581K | $573K |
| 504 share of approvals | 19.1% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 9.6 | 11.4 | 10.5 |
| Share of state approvals | 0.7% | 100.0% | — |
Approval sizes
- $50,000 or less15.7%14
- $50,001 to $150,00015.7%14
- $150,001 to $350,00018.0%16
- $350,001 to $1 million31.5%28
- $1 million to $2 million10.1%9
- Over $2 million9.0%8
Age of the businesses
- Existing, more than 2 years old62.9%56
- New business, 2 years or less12.4%11
- Startup, loan funds will open the business13.5%12
- Change of ownership11.2%10
Questions and answers
Which lenders make the most SBA loans in McLean County?
By approvals in FY2021 to FY2025: Small Business Growth Corporation (11), Heartland Bank and Trust Company (9), Busey Bank (8), U.S. Bank, National Association (7), SomerCor 504, Inc. (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in McLean County?
The median 7(a) approval was $340K and the median 504 approval $493K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in McLean County?
Restaurants and Other Eating Places (11); Traveler Accommodation (5); Child Day Care Services (5); Services to Buildings and Dwellings (5); Automotive Repair and Maintenance (4).
Is SBA lending in McLean County rising?
Approvals in the three latest complete fiscal years total 52, against 55 in the three before: broadly level (-5%).
How does McLean County compare with the rest of Illinois?
25.6 approvals per 1,000 establishments against 38.5 statewide, and 89 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