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County24th of 92 in Illinois by approvalsFIPS 17183
SBA loans in Vermilion 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.
Businesses in Vermilion County, Illinois, received 40 SBA loan approvals worth $21.1M in FY2021 to FY2025 (33 7(a), 7 504).
That is 30.8 approvals per 1,000 business establishments (1,300 establishments in 2023), below the Illinois figure of 38.5 and below the national 41.0.
It ranks 24th of 92 Illinois counties with approvals. In FY2025 there were 9, down 31% on FY2024.
14 lenders had approvals here; the most active were The Fisher National Bank (16), Small Business Growth Corporation (4) and SomerCor 504, Inc. (3). 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 Vermilion County
By number of approvals to businesses in the county, FY2021–FY2025; 14 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Fisher National BankFisher, IL | 16 | $3.6M | 40.0% | |
| 2 | Small Business Growth CorporationSpringfield, IL · CDC | 4 | $2.1M | 10.0% | |
| 3 | SomerCor 504, Inc.Chicago, IL · CDC | 3 | $251K | 7.5% | |
| 4 | Farmers State Bank of Alto Pass, IllinoisAlto Pass, IL | 2 | — | 5.0% | |
| 5 | Shoreham BankWarwick, RI | 2 | — | 5.0% | |
| 6 | Byline BankChicago, IL | 2 | — | 5.0% | |
| 7 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 5.0% | |
| 8 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 5.0% | |
| 9 | Merchants & Marine BankPascagoula, MS | 2 | — | 5.0% | |
| 10 | GBankLas Vegas, NV | 1 | — | 2.5% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.5% | |
| 12 | Colony BankFitzgerald, GA | 1 | — | 2.5% | |
| 13 | Servbank National AssociationOswego, IL | 1 | — | 2.5% | |
| 14 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 5 | 12.5% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 12.5% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 3 | 7.5% | |
| 4 | Other Personal ServicesNAICS 8129 | 3 | 7.5% | |
| 5 | General Freight TruckingNAICS 4841 | 3 | 7.5% | |
| 6 | Personal Care ServicesNAICS 8121 | 3 | 7.5% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 5.0% | |
| 8 | Grocery StoresNAICS 4451 | 2 | 5.0% | |
| 9 | Gasoline StationsNAICS 4471 | 1 | 2.5% | |
| 10 | Remediation and Other Waste Management ServicesNAICS 5629 | 1 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 11 | 27.5% | |
| 2 | Other Services (except Public Administration) | 8 | 20.0% | |
| 3 | Retail Trade | 7 | 17.5% | |
| 4 | Health Care and Social Assistance | 3 | 7.5% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 3 | 7.5% | |
| 6 | Transportation and Warehousing | 3 | 7.5% | |
| 7 | Arts, Entertainment, and Recreation | 1 | 2.5% | |
| 8 | Construction | 1 | 2.5% |
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* | 8 | $4.0M | $228K | 1 | — | 9 | 119 |
| FY2025 | 6 | $7.2M | $532K | 3 | $924K | 9 | 90 |
| FY2024 | 11 | $4.3M | $250K | 2 | — | 13 | 97 |
| FY2023 | 7 | $2.6M | $258K | 0 | — | 7 | 63 |
| FY2022 | 4 | $395K | $101K | 0 | — | 4 | 24 |
| FY2021 | 5 | $4.3M | $960K | 2 | — | 7 | 45 |
| FY2020 | 4 | $833K | $201K | 1 | — | 5 | 67 |
| FY2019 | 5 | $710K | $69K | 0 | — | 5 | 25 |
| FY2018 | 5 | $5.0M | $725K | 0 | — | 5 | 86 |
| FY2017 | 8 | $4.9M | $438K | 1 | — | 9 | 116 |
| FY2016 | 5 | $3.4M | $922K | 4 | $2.1M | 9 | 120 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 33 approvals.
Against Illinois and the country
| FY2021–FY2025 | Vermilion County | Illinois | United States |
|---|---|---|---|
| Approvals | 40 | 12,417 | 342,825 |
| Approvals per 1,000 establishments | 30.8 | 38.5 | 41.0 |
| Median 7(a) approval | $258K | $200K | $190K |
| Median 504 approval | $353K | $578K | $657K |
| Average approval | $529K | $581K | $573K |
| 504 share of approvals | 17.5% | 14.2% | 11.0% |
| Jobs supported per approval, as reported | 8.0 | 11.4 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less7.5%3
- $50,001 to $150,00030.0%12
- $150,001 to $350,00020.0%8
- $350,001 to $1 million27.5%11
- $1 million to $2 million12.5%5
- Over $2 million2.5%1
Age of the businesses
- Existing, more than 2 years old60.0%24
- New business, 2 years or less15.0%6
- Startup, loan funds will open the business17.5%7
- Change of ownership7.5%3
Questions and answers
Which lenders make the most SBA loans in Vermilion County?
By approvals in FY2021 to FY2025: The Fisher National Bank (16), Small Business Growth Corporation (4), SomerCor 504, Inc. (3), Farmers State Bank of Alto Pass, Illinois (2), Shoreham Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Vermilion County?
The median 7(a) approval was $258K and the median 504 approval $353K; the Illinois 7(a) median was $200K.
Which industries get the most SBA loans in Vermilion County?
Traveler Accommodation (5); Restaurants and Other Eating Places (5); Offices of Other Health Practitioners (3); Other Personal Services (3); General Freight Trucking (3).
Is SBA lending in Vermilion County rising?
Approvals in the three latest complete fiscal years total 29, against 16 in the three before: rising (+81%).
How does Vermilion County compare with the rest of Illinois?
30.8 approvals per 1,000 establishments against 38.5 statewide, and 40 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