Lenders › Busey Bank
7(a) lenderChampaign, IllinoisFDIC-insured bank100th of 2,184 by approvals
Busey Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Busey Bank, based in Champaign, Illinois, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 376 of its 7(a) loans worth $417M in FY2021 to FY2025, which places it 100th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 66 approvals totalling $60.2M, up 25% on FY2024 (53). FY2026 to 30 Jun 2026 adds 36 more.
The median approval was $746K, against $190K for the 7(a) program as a whole; 6.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 21 states and territories and 91 counties, led by Colorado (28.7%), Illinois (25.0%) and Missouri (11.2%). The largest industry group was professional, scientific, and technical services at 14.6% of approvals, and 8.5% of approvals were to franchise businesses.
Of 758 disbursed loans approved in FY2010 to FY2021, SBA records 49 as charged off (6.5%), 594 as paid in full and 115 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 36 | $40.2M | $781K | $1.1M | 563 |
| FY2025 | 66 | $60.2M | $650K | $912K | 977 |
| FY2024 | 53 | $63.1M | $925K | $1.2M | 1,216 |
| FY2023 | 76 | $83.6M | $778K | $1.1M | 2,311 |
| FY2022 | 83 | $76.0M | $567K | $916K | 1,293 |
| FY2021 | 98 | $134M | $834K | $1.4M | 2,296 |
| FY2020 | 54 | $52.4M | $579K | $970K | 770 |
| FY2019 | 57 | $49.6M | $590K | $870K | 886 |
| FY2018 | 73 | $70.1M | $563K | $961K | 1,216 |
| FY2017 | 82 | $60.6M | $390K | $738K | 1,168 |
| FY2016 | 82 | $59.9M | $350K | $730K | 1,072 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 348 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Colorado | 7(a) program |
|---|---|---|---|
| Approvals in these years | 836 | 15,975 | 639,905 |
| Cancelled or never disbursed | 78 | 1,999 | 79,313 |
| Disbursed loans | 758 | 13,976 | 560,592 |
| Paid in full | 594 | 10,957 | 435,813 |
| Charged off | 49 | 792 | 36,891 |
| Still outstanding (status exempt from disclosure) | 115 | 2,227 | 87,888 |
| Charged off, share of disbursed loans | 6.5% | 5.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.5% | 1.8% | 2.5% |
| Dollars charged off | $15.8M | $120M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 87 | 50 | 0 | 0.0% | 2.8% |
| FY2020 | 48 | 27 | 0 | 0.0% | 4.0% |
| FY2019 | 57 | 36 | 2 | 3.5% | 6.7% |
| FY2018 | 67 | 50 | 3 | 4.5% | 7.9% |
| FY2017 | 75 | 59 | 6 | 8.0% | 7.7% |
| FY2016 | 80 | 66 | 7 | 8.8% | 7.2% |
| FY2015 | 85 | 74 | 8 | 9.4% | 6.9% |
| FY2014 | 64 | 61 | 2 | 3.1% | 6.4% |
| FY2013 | 46 | 44 | 2 | 4.3% | 6.0% |
| FY2012 | 43 | 38 | 4 | 9.3% | 6.3% |
| FY2011 | 65 | 56 | 8 | 12.3% | 6.9% |
| FY2010 | 41 | 33 | 7 | 17.1% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $746K | $190K |
| Average approval | $1.1M | $518K |
| Approvals of $150,000 or less | 6.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 29.8% | 34.3% |
| Approvals to franchise businesses | 8.5% | 11.5% |
| Jobs supported per approval, as reported | 21.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.5% | 6.6% |
States served
| # | State of the business (21 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Colorado | 108 | $113M | 28.7% | |
| 2 | Illinois | 94 | $113M | 25.0% | |
| 3 | Missouri | 42 | $46.3M | 11.2% | |
| 4 | Florida | 35 | $39.0M | 9.3% | |
| 5 | Arizona | 25 | $29.8M | 6.6% | |
| 6 | Kansas | 25 | $25.2M | 6.6% | |
| 7 | Indiana | 10 | $7.7M | 2.7% | |
| 8 | Texas | 8 | $12.3M | 2.1% | |
| 9 | Oklahoma | 6 | $1.0M | 1.6% | |
| 10 | Georgia | 5 | $11.6M | 1.3% | |
| 11 | New Hampshire | 3 | $2.1M | 0.8% | |
| 12 | Ohio | 3 | $1.5M | 0.8% |
In Colorado the lender accounts for 1.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (91 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | El Paso County, CO | 32 | $26.4M | 8.5% | |
| 2 | Cook County, IL | 26 | $34.7M | 6.9% | |
| 3 | Jefferson County, CO | 16 | $22.5M | 4.3% | |
| 4 | St. Louis County, MO | 14 | $15.2M | 3.7% | |
| 5 | Denver County, CO | 14 | $10.0M | 3.7% | |
| 6 | Pima County, AZ | 13 | $16.1M | 3.5% | |
| 7 | DuPage County, IL | 12 | $19.2M | 3.2% | |
| 8 | Arapahoe County, CO | 11 | $14.1M | 2.9% | |
| 9 | Maricopa County, AZ | 11 | $11.0M | 2.9% | |
| 10 | Will County, IL | 11 | $9.3M | 2.9% | |
| 11 | Champaign County, IL | 11 | $7.3M | 2.9% | |
| 12 | Lee County, FL | 10 | $9.0M | 2.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 55 | 14.6% | |
| 2 | Retail Trade | 43 | 11.4% | |
| 3 | Other Services (except Public Administration) | 42 | 11.2% | |
| 4 | Manufacturing | 39 | 10.4% | |
| 5 | Construction | 39 | 10.4% | |
| 6 | Accommodation and Food Services | 37 | 9.8% | |
| 7 | Health Care and Social Assistance | 36 | 9.6% | |
| 8 | Wholesale Trade | 21 | 5.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 33 | 8.8% | |
| 2 | Other Personal ServicesNAICS 8129 | 20 | 5.3% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 16 | 4.3% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 14 | 3.7% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 14 | 3.7% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 13 | 3.5% | |
| 7 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 13 | 3.5% | |
| 8 | Computer Systems Design and Related ServicesNAICS 5415 | 10 | 2.7% | |
| 9 | Personal Care ServicesNAICS 8121 | 9 | 2.4% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 2.1% |
Approval sizes
- $50,000 or less2.4%9
- $50,001 to $150,0004.5%17
- $150,001 to $350,00015.4%58
- $350,001 to $1 million42.0%158
- $1 million to $2 million20.5%77
- Over $2 million15.2%57
Loan terms
- 5 years or less1.3%5
- Over 5 to 10 years56.1%211
- Over 10 to 20 years12.8%48
- Over 20 years29.8%112
Age of the businesses
- Existing, more than 2 years old45.5%171
- New business, 2 years or less17.3%65
- Startup, loan funds will open the business12.5%47
- Change of ownership24.7%93
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 292 | 77.7% | |
| 2 | SBA Express Program | 46 | 12.2% | |
| 3 | 7a General | 23 | 6.1% | |
| 4 | Working Capital CAPLine | 10 | 2.7% | |
| 5 | International Trade Loans | 3 | 0.8% | |
| 6 | Builders CAPLine | 1 | 0.3% |
Franchise share
32 of 376 approvals in FY2021–FY2025 (8.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Hounds Town USA | 4 | 1.1% | |
| 2 | Camp Bow Wow | 3 | 0.8% | |
| 3 | The UPS Store | 3 | 0.8% | |
| 4 | ServiceMaster | 2 | 0.5% | |
| 5 | The Dog Stop | 2 | 0.5% | |
| 6 | Subway | 2 | 0.5% | |
| 7 | Best Western | 1 | 0.3% | |
| 8 | Mellow Mushroom | 1 | 0.3% |
Questions and answers
How many SBA loans does Busey Bank make?
SBA approved 66 7(a) loans through Busey Bank in FY2025, worth $60.2M, and 376 over FY2021 to FY2025. That ranks 100th of 2,184 active 7(a) lenders by number of approvals.
How large are Busey Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $746K and the average $1.1M. The program-wide median was $190K.
What is Busey Bank's charge-off rate?
Of 758 disbursed loans approved in FY2010 to FY2021, SBA records 49 as charged off (6.5%), 594 as paid in full and 115 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Busey Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (33); other personal services (20); building equipment contractors (16); other specialty trade contractors (14).
Where does Busey Bank make SBA loans?
In 21 states and territories. Colorado 108, Illinois 94, Missouri 42, Florida 35, Arizona 25. In Colorado it accounts for 1.3% of all 7(a) approvals.
Is Busey Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 195, against 235 in the three before: falling (-17%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error