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County17th of 92 in Illinois by approvalsFIPS 17179
SBA loans in Tazewell 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 65 loans to businesses in Tazewell County, Illinois, in FY2021 to FY2025, worth $52.7M: 50 under 7(a) and 15 under 504.
That is 23.4 approvals per 1,000 business establishments (2,772 establishments in 2023), below the Illinois figure of 38.5 and below the national 41.0.
It ranks 17th of 92 Illinois counties with approvals. In FY2025 there were 17, up 31% on FY2024.
22 lenders had approvals here; the most active were Morton Community Bank (14), Small Business Growth Corporation (8) and SomerCor 504, Inc. (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 Tazewell County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Morton Community BankMorton, IL | 14 | $1.7M | 21.5% | |
| 2 | Small Business Growth CorporationSpringfield, IL · CDC | 8 | $3.8M | 12.3% | |
| 3 | SomerCor 504, Inc.Chicago, IL · CDC | 4 | $11.5M | 6.2% | |
| 4 | Northeast BankLewiston, ME | 4 | $550K | 6.2% | |
| 5 | Commerce BankKansas City, MO | 4 | $481K | 6.2% | |
| 6 | GBankLas Vegas, NV | 3 | $7.4M | 4.6% | |
| 7 | Illinois Business Financial ServicesPeoria, IL · CDC | 3 | $922K | 4.6% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 3 | $750K | 4.6% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.1% | |
| 10 | First American BankElk Grove Village, IL | 2 | — | 3.1% | |
| 11 | Millennium BankDes Plaines, IL | 2 | — | 3.1% | |
| 12 | Community Partners Savings BankSalem, IL | 2 | — | 3.1% | |
| 13 | CBI Bank and TrustMuscatine, IA | 2 | — | 3.1% | |
| 14 | Byline BankChicago, IL | 2 | — | 3.1% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 7 | 10.8% | |
| 2 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 7 | 10.8% | |
| 3 | Automobile DealersNAICS 4411 | 4 | 6.2% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 4 | 6.2% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 6.2% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 4.6% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.6% | |
| 8 | Steel Product Manufacturing from Purchased SteelNAICS 3312 | 2 | 3.1% | |
| 9 | Child Day Care ServicesNAICS 6244 | 2 | 3.1% | |
| 10 | Individual and Family ServicesNAICS 6241 | 2 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 18.5% | |
| 2 | Health Care and Social Assistance | 10 | 15.4% | |
| 3 | Retail Trade | 9 | 13.8% | |
| 4 | Professional, Scientific, and Technical Services | 7 | 10.8% | |
| 5 | Other Services (except Public Administration) | 4 | 6.2% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 4 | 6.2% | |
| 7 | Manufacturing | 3 | 4.6% | |
| 8 | Arts, Entertainment, and Recreation | 3 | 4.6% |
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* | 6 | $6.4M | $359K | 2 | — | 8 | 267 |
| FY2025 | 13 | $9.9M | $150K | 4 | $2.5M | 17 | 135 |
| FY2024 | 12 | $9.3M | $300K | 1 | — | 13 | 135 |
| FY2023 | 7 | $1.7M | $100K | 2 | — | 9 | 307 |
| FY2022 | 8 | $6.3M | $91K | 4 | $1.3M | 12 | 79 |
| FY2021 | 10 | $9.3M | $289K | 4 | $6.5M | 14 | 185 |
| FY2020 | 4 | $5.6M | $666K | 1 | — | 5 | 19 |
| FY2019 | 4 | $5.2M | $1.1M | 0 | — | 4 | 32 |
| FY2018 | 21 | $12.5M | $245K | 2 | — | 23 | 175 |
| FY2017 | 9 | $3.5M | $113K | 2 | — | 11 | 56 |
| FY2016 | 9 | $3.1M | $90K | 4 | $1.6M | 13 | 140 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 56 approvals.
Against Illinois and the country
| FY2021–FY2025 | Tazewell County | Illinois | United States |
|---|---|---|---|
| Approvals | 65 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 23.4 | 38.5 | 41.0 |
| Median 7(a) approval | $201K | $200K | $190K |
| Median 504 approval | $487K | $578K | $657K |
| Average approval | $811K | $581K | $573K |
| 504 share of approvals | 23.1% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 12.9 | 11.4 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less9.2%6
- $50,001 to $150,00029.2%19
- $150,001 to $350,00021.5%14
- $350,001 to $1 million15.4%10
- $1 million to $2 million13.8%9
- Over $2 million10.8%7
Age of the businesses
- Existing, more than 2 years old50.8%33
- New business, 2 years or less12.3%8
- Startup, loan funds will open the business21.5%14
- Change of ownership15.4%10
Questions and answers
Which lenders make the most SBA loans in Tazewell County?
By approvals in FY2021 to FY2025: Morton Community Bank (14), Small Business Growth Corporation (8), SomerCor 504, Inc. (4), Northeast Bank (4), Commerce Bank (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Tazewell County?
The median 7(a) approval was $201K and the median 504 approval $487K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Tazewell County?
Traveler Accommodation (7); Other Professional, Scientific, and Technical Services (7); Automobile Dealers (4); Offices of Other Health Practitioners (4); Restaurants and Other Eating Places (4).
Is SBA lending in Tazewell County rising?
Approvals in the three latest complete fiscal years total 39, against 31 in the three before: rising (+26%).
How does Tazewell County compare with the rest of Illinois?
23.4 approvals per 1,000 establishments against 38.5 statewide, and 65 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