Lenders › CenTrust Bank, A Division of SmartBiz Bank National Association
7(a) lenderNorthbrook, IllinoisFDIC-insured bank94th of 2,184 by approvals
CenTrust Bank, A Division of SmartBiz Bank National Association
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.
CenTrust Bank, A Division of SmartBiz Bank National Association (Northbrook, Illinois) is an FDIC-insured bank in the SBA 7(a) program, 94th of 2,184 by approvals in FY2021 to FY2025: 408 loans worth $152M.
In FY2025, the latest complete fiscal year, it had 334 approvals totalling $71.4M, up 1988% on FY2024 (16). FY2026 to 30 Jun 2026 adds 806 more.
The median approval was $150K, against $190K for the 7(a) program as a whole; 54.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 42 states and territories and 200 counties, led by Illinois (18.4%), California (14.0%) and Florida (11.8%). The largest industry group was construction at 16.9% of approvals, and 4.4% of approvals were to franchise businesses.
Of 143 disbursed loans approved in FY2010 to FY2021, SBA records 4 as charged off (2.8%), 97 as paid in full and 42 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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* | 806 | $163M | $150K | $202K | 2,657 |
| FY2025 | 334 | $71.4M | $150K | $214K | 982 |
| FY2024 | 16 | $22.4M | $901K | $1.4M | 253 |
| FY2023 | 14 | $13.3M | $719K | $949K | 278 |
| FY2022 | 23 | $31.2M | $995K | $1.4M | 562 |
| FY2021 | 21 | $14.1M | $441K | $670K | 600 |
| FY2020 | 30 | $35.9M | $747K | $1.2M | 759 |
| FY2019 | 29 | $32.1M | $665K | $1.1M | 809 |
| FY2018 | 24 | $31.7M | $1.0M | $1.3M | 435 |
| FY2017 | 18 | $10.7M | $291K | $597K | 180 |
| FY2016 | 28 | $19.9M | $534K | $712K | 304 |
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 129 approvals. First approval on file: FY2015.
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 | Illinois | 7(a) program |
|---|---|---|---|
| Approvals in these years | 152 | 21,190 | 639,905 |
| Cancelled or never disbursed | 9 | 2,878 | 79,313 |
| Disbursed loans | 143 | 18,312 | 560,592 |
| Paid in full | 97 | 13,909 | 435,813 |
| Charged off | 4 | 1,459 | 36,891 |
| Still outstanding (status exempt from disclosure) | 42 | 2,944 | 87,888 |
| Charged off, share of disbursed loans | 2.8% | 8.0% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.6% | 4.1% | 2.5% |
| Dollars charged off | $825K | $327M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 18 | 14 | 0 | — | 2.8% |
| FY2020 | 28 | 20 | 0 | — | 4.0% |
| FY2019 | 28 | 18 | 0 | — | 6.7% |
| FY2018 | 22 | 14 | 1 | — | 7.9% |
| FY2017 | 17 | 7 | 1 | — | 7.7% |
| FY2016 | 28 | 22 | 2 | — | 7.2% |
| FY2015 | 2 | 2 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 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 | $150K | $190K |
| Average approval | $373K | $518K |
| Approvals of $150,000 or less | 54.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 7.4% | 34.3% |
| Approvals to franchise businesses | 4.4% | 11.5% |
| Jobs supported per approval, as reported | 6.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.8% | 6.6% |
States served
| # | State of the business (42 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Illinois | 75 | $67.6M | 18.4% | |
| 2 | California | 57 | $11.3M | 14.0% | |
| 3 | Florida | 48 | $9.9M | 11.8% | |
| 4 | Texas | 31 | $5.9M | 7.6% | |
| 5 | New York | 20 | $3.8M | 4.9% | |
| 6 | Wisconsin | 15 | $14.4M | 3.7% | |
| 7 | North Carolina | 14 | $2.3M | 3.4% | |
| 8 | Georgia | 12 | $2.4M | 2.9% | |
| 9 | Virginia | 11 | $2.1M | 2.7% | |
| 10 | Arizona | 10 | $1.9M | 2.5% | |
| 11 | Colorado | 9 | $3.3M | 2.2% | |
| 12 | Michigan | 7 | $3.5M | 1.7% |
In Illinois the lender accounts for 0.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (200 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Cook County, IL | 42 | $39.3M | 10.3% | |
| 2 | Los Angeles County, CA | 15 | $3.9M | 3.7% | |
| 3 | DuPage County, IL | 12 | $9.1M | 2.9% | |
| 4 | Miami-Dade County, FL | 8 | $1.9M | 2.0% | |
| 5 | Maricopa County, AZ | 8 | $1.7M | 2.0% | |
| 6 | San Diego County, CA | 8 | $1.5M | 2.0% | |
| 7 | Orange County, CA | 8 | $1.1M | 2.0% | |
| 8 | Kane County, IL | 7 | $8.0M | 1.7% | |
| 9 | Kings County, NY | 7 | $1.3M | 1.7% | |
| 10 | Broward County, FL | 7 | $1.1M | 1.7% | |
| 11 | Milwaukee County, WI | 6 | $8.3M | 1.5% | |
| 12 | Lake County, IL | 6 | $5.1M | 1.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 69 | 16.9% | |
| 2 | Professional, Scientific, and Technical Services | 65 | 15.9% | |
| 3 | Other Services (except Public Administration) | 45 | 11.0% | |
| 4 | Accommodation and Food Services | 40 | 9.8% | |
| 5 | Manufacturing | 34 | 8.3% | |
| 6 | Retail Trade | 33 | 8.1% | |
| 7 | Health Care and Social Assistance | 32 | 7.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 24 | 5.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 33 | 8.1% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 21 | 5.1% | |
| 3 | Residential Building ConstructionNAICS 2361 | 19 | 4.7% | |
| 4 | Personal Care ServicesNAICS 8121 | 16 | 3.9% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 15 | 3.7% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 14 | 3.4% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 14 | 3.4% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 13 | 3.2% | |
| 9 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 11 | 2.7% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 11 | 2.7% |
Approval sizes
- $50,000 or less0.5%2
- $50,001 to $150,00053.7%219
- $150,001 to $350,00026.2%107
- $350,001 to $1 million12.7%52
- $1 million to $2 million3.9%16
- Over $2 million2.9%12
Loan terms
- 5 years or less0.2%1
- Over 5 to 10 years91.4%373
- Over 10 to 20 years2.0%8
- Over 20 years6.4%26
Age of the businesses
- Existing, more than 2 years old87.5%357
- New business, 2 years or less2.9%12
- Startup, loan funds will open the business4.4%18
- Change of ownership5.1%21
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 335 | 82.1% | |
| 2 | 7a General | 70 | 17.2% | |
| 3 | International Trade Loans | 2 | 0.5% | |
| 4 | Working Capital CAPLine | 1 | 0.2% |
Franchise share
18 of 408 approvals in FY2021–FY2025 (4.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Little Caesars | 2 | 0.5% | |
| 2 | Auntie Anne's | 2 | 0.5% | |
| 3 | Speed Queen | 1 | 0.2% | |
| 4 | Schlotzsky's | 1 | 0.2% | |
| 5 | The Dog Stop | 1 | 0.2% | |
| 6 | Maaco | 1 | 0.2% | |
| 7 | Signarama | 1 | 0.2% | |
| 8 | Bar-B-Clean | 1 | 0.2% |
Questions and answers
How many SBA loans does CenTrust Bank, A Division of SmartBiz Bank National Association make?
SBA approved 334 7(a) loans through CenTrust Bank, A Division of SmartBiz Bank National Association in FY2025, worth $71.4M, and 408 over FY2021 to FY2025. That ranks 94th of 2,184 active 7(a) lenders by number of approvals.
How large are CenTrust Bank, A Division of SmartBiz Bank National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $150K and the average $373K. The program-wide median was $190K.
What is CenTrust Bank, A Division of SmartBiz Bank National Association's charge-off rate?
Of 143 disbursed loans approved in FY2010 to FY2021, SBA records 4 as charged off (2.8%), 97 as paid in full and 42 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below 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 CenTrust Bank, A Division of SmartBiz Bank National Association lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (33); building equipment contractors (21); residential building construction (19); personal care services (16).
Where does CenTrust Bank, A Division of SmartBiz Bank National Association make SBA loans?
In 42 states and territories. Illinois 75, California 57, Florida 48, Texas 31, New York 20. In Illinois it accounts for 0.7% of all 7(a) approvals.
Is CenTrust Bank, A Division of SmartBiz Bank National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 364, against 74 in the three before: rising (+392%).
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