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County9th of 92 in Illinois by approvalsFIPS 17167
SBA loans in Sangamon 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 186 loans to businesses in Sangamon County, Illinois, in FY2021 to FY2025, worth $70.3M: 165 under 7(a) and 21 under 504.
That is 37.8 approvals per 1,000 business establishments (4,925 establishments in 2023), close to the Illinois figure of 38.5 and close to the national 41.0.
It ranks 9th of 92 Illinois counties with approvals. In FY2025 there were 46, up 28% on FY2024.
31 lenders had approvals here; the most active were Bank of Springfield (64), Morton Community Bank (18) and United Community Bank (15). 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 Sangamon County
By number of approvals to businesses in the county, FY2021–FY2025; 31 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Bank of SpringfieldSpringfield, IL | 64 | $13.1M | 34.4% | |
| 2 | Morton Community BankMorton, IL | 18 | $7.1M | 9.7% | |
| 3 | United Community BankChatham, IL | 15 | $3.9M | 8.1% | |
| 4 | Small Business Growth CorporationSpringfield, IL · CDC | 14 | $4.7M | 7.5% | |
| 5 | Peoples Bank & TrustPana, IL | 13 | $8.2M | 7.0% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 10 | $3.7M | 5.4% | |
| 7 | SomerCor 504, Inc.Chicago, IL · CDC | 7 | $5.0M | 3.8% | |
| 8 | Heartland Bank and Trust CompanyBloomington, IL | 7 | $4.9M | 3.8% | |
| 9 | INB, National AssociationSpringfield, IL | 6 | $1.7M | 3.2% | |
| 10 | First Bankers Trust Company National AssociationQuincy, IL | 6 | $1.2M | 3.2% | |
| 11 | PNC Bank, National AssociationWilmington, DE | 4 | $588K | 2.2% | |
| 12 | First Financial BankEl Dorado, AR | 2 | — | 1.1% | |
| 13 | Newtek Bank, National AssociationMiami, FL | 2 | — | 1.1% | |
| 14 | Millennium BankDes Plaines, IL | 1 | — | 0.5% | |
| 15 | Bank and Trust CompanyLitchfield, IL | 1 | — | 0.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 22 | 11.8% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 15 | 8.1% | |
| 3 | Personal Care ServicesNAICS 8121 | 12 | 6.5% | |
| 4 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 10 | 5.4% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 4.3% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 8 | 4.3% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 3.8% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 6 | 3.2% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 6 | 3.2% | |
| 10 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 6 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 28 | 15.1% | |
| 2 | Other Services (except Public Administration) | 26 | 14.0% | |
| 3 | Construction | 24 | 12.9% | |
| 4 | Retail Trade | 20 | 10.8% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 17 | 9.1% | |
| 6 | Professional, Scientific, and Technical Services | 13 | 7.0% | |
| 7 | Health Care and Social Assistance | 12 | 6.5% | |
| 8 | Manufacturing | 11 | 5.9% |
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* | 24 | $8.0M | $50K | 3 | $3.0M | 27 | 285 |
| FY2025 | 42 | $13.3M | $191K | 4 | $1.4M | 46 | 422 |
| FY2024 | 33 | $14.4M | $147K | 3 | $2.3M | 36 | 593 |
| FY2023 | 25 | $6.9M | $200K | 4 | $2.5M | 29 | 180 |
| FY2022 | 31 | $12.8M | $83K | 3 | $2.1M | 34 | 415 |
| FY2021 | 34 | $13.0M | $150K | 7 | $1.6M | 41 | 463 |
| FY2020 | 39 | $14.5M | $200K | 7 | $3.7M | 46 | 572 |
| FY2019 | 30 | $8.6M | $83K | 5 | $2.0M | 35 | 219 |
| FY2018 | 35 | $17.9M | $125K | 8 | $2.9M | 43 | 493 |
| FY2017 | 39 | $15.7M | $220K | 9 | $1.9M | 48 | 437 |
| FY2016 | 48 | $9.9M | $78K | 4 | $1.2M | 52 | 497 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 224 approvals.
Against Illinois and the country
| FY2021–FY2025 | Sangamon County | Illinois | United States |
|---|---|---|---|
| Approvals | 186 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 37.8 | 38.5 | 41.0 |
| Median 7(a) approval | $150K | $200K | $190K |
| Median 504 approval | $322K | $578K | $657K |
| Average approval | $378K | $581K | $573K |
| 504 share of approvals | 11.3% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 11.1 | 11.4 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less24.7%46
- $50,001 to $150,00022.6%42
- $150,001 to $350,00026.3%49
- $350,001 to $1 million17.7%33
- $1 million to $2 million4.8%9
- Over $2 million3.8%7
Age of the businesses
- Existing, more than 2 years old43.5%81
- New business, 2 years or less22.6%42
- Startup, loan funds will open the business19.9%37
- Change of ownership14.0%26
Questions and answers
Which lenders make the most SBA loans in Sangamon County?
By approvals in FY2021 to FY2025: Bank of Springfield (64), Morton Community Bank (18), United Community Bank (15), Small Business Growth Corporation (14), Peoples Bank & Trust (13). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sangamon County?
The median 7(a) approval was $150K and the median 504 approval $322K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Sangamon County?
Restaurants and Other Eating Places (22); Services to Buildings and Dwellings (15); Personal Care Services (12); Accounting, Tax Preparation, Bookkeeping, and Payroll Services (10); Other Amusement and Recreation Industries (8).
Is SBA lending in Sangamon County rising?
Approvals in the three latest complete fiscal years total 111, against 121 in the three before: broadly level (-8%).
How does Sangamon County compare with the rest of Illinois?
37.8 approvals per 1,000 establishments against 38.5 statewide, and 186 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