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County22nd of 92 in Illinois by approvalsFIPS 17133
SBA loans in Monroe 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 43 loans to businesses in Monroe County, Illinois, in FY2021 to FY2025, worth $24.3M: 38 under 7(a) and 5 under 504.
That is 49.1 approvals per 1,000 business establishments (875 establishments in 2023), above the Illinois figure of 38.5 and above the national 41.0.
It ranks 22nd of 92 Illinois counties with approvals. In FY2025 there were 9.
17 lenders had approvals here; the most active were The First National Bank of Waterloo (15), Bank of Belleville (4) and Busey Bank (3). 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 Monroe County
By number of approvals to businesses in the county, FY2021–FY2025; 17 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The First National Bank of WaterlooWaterloo, IL | 15 | $968K | 34.9% | |
| 2 | Bank of BellevilleBelleville, IL | 4 | $3.0M | 9.3% | |
| 3 | Busey BankChampaign, IL | 3 | $6.0M | 7.0% | |
| 4 | Small Business Growth CorporationSpringfield, IL · CDC | 3 | $4.5M | 7.0% | |
| 5 | Midwest Regional BankFestus, MO | 3 | $2.2M | 7.0% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 4.7% | |
| 7 | Northeast BankLewiston, ME | 2 | — | 4.7% | |
| 8 | Bank of SpringfieldSpringfield, IL | 2 | — | 4.7% | |
| 9 | SomerCor 504, Inc.Chicago, IL · CDC | 1 | — | 2.3% | |
| 10 | Meridian BankMalvern, PA | 1 | — | 2.3% | |
| 11 | Rural Missouri, Inc.Jefferson City, MO · CDC | 1 | — | 2.3% | |
| 12 | Elevate Bank National AssociationSedan, KS | 1 | — | 2.3% | |
| 13 | Studio BankNashville, TN | 1 | — | 2.3% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.3% | |
| 15 | Bank of America, National AssociationCharlotte, NC | 1 | — | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 11.6% | |
| 2 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 7.0% | |
| 3 | Highway, Street, and Bridge ConstructionNAICS 2373 | 3 | 7.0% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 7.0% | |
| 5 | Grocery StoresNAICS 4451 | 2 | 4.7% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.7% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 2 | 4.7% | |
| 8 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 4.7% | |
| 9 | Architectural, Engineering, and Related ServicesNAICS 5413 | 2 | 4.7% | |
| 10 | Beverage ManufacturingNAICS 3121 | 1 | 2.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 8 | 18.6% | |
| 2 | Accommodation and Food Services | 7 | 16.3% | |
| 3 | Retail Trade | 6 | 14.0% | |
| 4 | Construction | 6 | 14.0% | |
| 5 | Arts, Entertainment, and Recreation | 4 | 9.3% | |
| 6 | Manufacturing | 3 | 7.0% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 3 | 7.0% | |
| 8 | Wholesale Trade | 2 | 4.7% |
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* | 1 | — | — | 0 | — | 1 | 11 |
| FY2025 | 8 | $4.4M | $361K | 1 | — | 9 | 109 |
| FY2024 | 8 | $6.7M | $260K | 0 | — | 8 | 79 |
| FY2023 | 4 | $912K | $194K | 1 | — | 5 | 56 |
| FY2022 | 11 | $1.0M | $25K | 1 | — | 12 | 78 |
| FY2021 | 7 | $2.0M | $152K | 2 | — | 9 | 74 |
| FY2020 | 4 | $422K | $73K | 1 | — | 5 | 64 |
| FY2019 | 4 | $6.3M | $1.0M | 2 | — | 6 | 111 |
| FY2018 | 13 | $891K | $25K | 0 | — | 13 | 80 |
| FY2017 | 11 | $11.1M | $700K | 1 | — | 12 | 76 |
| FY2016 | 5 | $251K | $25K | 2 | — | 7 | 18 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 43 approvals.
Against Illinois and the country
| FY2021–FY2025 | Monroe County | Illinois | United States |
|---|---|---|---|
| Approvals | 43 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 49.1 | 38.5 | 41.0 |
| Median 7(a) approval | $90K | $200K | $190K |
| Median 504 approval | $1.2M | $578K | $657K |
| Average approval | $565K | $581K | $573K |
| 504 share of approvals | 11.6% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 9.2 | 11.4 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less39.5%17
- $50,001 to $150,0009.3%4
- $150,001 to $350,00011.6%5
- $350,001 to $1 million25.6%11
- $1 million to $2 million7.0%3
- Over $2 million7.0%3
Age of the businesses
- Existing, more than 2 years old55.8%24
- New business, 2 years or less16.3%7
- Startup, loan funds will open the business14.0%6
- Change of ownership14.0%6
Questions and answers
Which lenders make the most SBA loans in Monroe County?
By approvals in FY2021 to FY2025: The First National Bank of Waterloo (15), Bank of Belleville (4), Busey Bank (3), Small Business Growth Corporation (3), Midwest Regional Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Monroe County?
The median 7(a) approval was $90K and the median 504 approval $1.2M; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Monroe County?
Restaurants and Other Eating Places (5); Computer Systems Design and Related Services (3); Highway, Street, and Bridge Construction (3); Other Amusement and Recreation Industries (3); Grocery Stores (2).
Is SBA lending in Monroe County rising?
Approvals in the three latest complete fiscal years total 22, against 26 in the three before: falling (-15%).
How does Monroe County compare with the rest of Illinois?
49.1 approvals per 1,000 establishments against 38.5 statewide, and 43 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