Lenders › FWBank
7(a) lenderChicago, IllinoisFDIC-insured bank222nd of 2,184 by approvals
FWBank
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.
In FY2021 to FY2025 SBA approved 168 7(a) loans, worth $194M, through FWBank of Chicago, Illinois, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 222nd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 71 approvals totalling $73.5M, up 61% on FY2024 (44). FY2026 to 30 Jun 2026 adds 32 more.
The median approval was $735K, against $190K for the 7(a) program as a whole; 0.0% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 31 states and territories and 99 counties, led by Illinois (24.4%), Texas (11.3%) and California (7.1%). The largest industry group was accommodation and food services at 32.7% of approvals, and 42.3% of approvals were to franchise businesses.
FWBank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
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* | 32 | $45.2M | $796K | $1.4M | 698 |
| FY2025 | 71 | $73.5M | $681K | $1.0M | 2,009 |
| FY2024 | 44 | $57.6M | $957K | $1.3M | 1,672 |
| FY2023 | 33 | $38.5M | $817K | $1.2M | 834 |
| FY2022 | 20 | $24.0M | $689K | $1.2M | 382 |
| FY2021 | 0 | — | — | — | 0 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 0 | — | — | — | 0 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
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 0 approvals. First approval on file: FY2022.
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 | 0 | 21,190 | 639,905 |
| Cancelled or never disbursed | 0 | 2,878 | 79,313 |
| Disbursed loans | 0 | 18,312 | 560,592 |
| Paid in full | 0 | 13,909 | 435,813 |
| Charged off | 0 | 1,459 | 36,891 |
| Still outstanding (status exempt from disclosure) | 0 | 2,944 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 8.0% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 4.1% | 2.5% |
| Dollars charged off | — | $327M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $735K | $190K |
| Average approval | $1.2M | $518K |
| Approvals of $150,000 or less | 0.0% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 69.0% | 34.3% |
| Approvals to franchise businesses | 42.3% | 11.5% |
| Jobs supported per approval, as reported | 29.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (31 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Illinois | 41 | $58.6M | 24.4% | |
| 2 | Texas | 19 | $24.6M | 11.3% | |
| 3 | California | 12 | $13.6M | 7.1% | |
| 4 | Florida | 12 | $10.8M | 7.1% | |
| 5 | Arizona | 10 | $5.9M | 6.0% | |
| 6 | Tennessee | 9 | $7.0M | 5.4% | |
| 7 | Georgia | 8 | $9.8M | 4.8% | |
| 8 | Indiana | 7 | $10.1M | 4.2% | |
| 9 | North Carolina | 7 | $5.4M | 4.2% | |
| 10 | Washington | 4 | $6.8M | 2.4% | |
| 11 | Colorado | 4 | $2.5M | 2.4% | |
| 12 | Pennsylvania | 3 | $4.9M | 1.8% |
In Illinois the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (99 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Cook County, IL | 30 | $45.6M | 17.9% | |
| 2 | Maricopa County, AZ | 8 | $4.1M | 4.8% | |
| 3 | Davidson County, TN | 6 | $5.0M | 3.6% | |
| 4 | Travis County, TX | 4 | $5.9M | 2.4% | |
| 5 | Marion County, IN | 4 | $4.6M | 2.4% | |
| 6 | Clark County, WA | 3 | $6.4M | 1.8% | |
| 7 | Harris County, TX | 3 | $6.3M | 1.8% | |
| 8 | DuPage County, IL | 3 | $2.9M | 1.8% | |
| 9 | DeKalb County, GA | 2 | — | 1.2% | |
| 10 | Kane County, IL | 2 | — | 1.2% | |
| 11 | New Castle County, DE | 2 | — | 1.2% | |
| 12 | Lake County, FL | 2 | — | 1.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 55 | 32.7% | |
| 2 | Other Services (except Public Administration) | 25 | 14.9% | |
| 3 | Arts, Entertainment, and Recreation | 23 | 13.7% | |
| 4 | Health Care and Social Assistance | 23 | 13.7% | |
| 5 | Manufacturing | 11 | 6.5% | |
| 6 | Construction | 6 | 3.6% | |
| 7 | Professional, Scientific, and Technical Services | 5 | 3.0% | |
| 8 | Educational Services | 4 | 2.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 51 | 30.4% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 22 | 13.1% | |
| 3 | Personal Care ServicesNAICS 8121 | 20 | 11.9% | |
| 4 | Child Day Care ServicesNAICS 6244 | 9 | 5.4% | |
| 5 | Outpatient Care CentersNAICS 6214 | 4 | 2.4% | |
| 6 | Other Schools and InstructionNAICS 6116 | 4 | 2.4% | |
| 7 | Other Personal ServicesNAICS 8129 | 4 | 2.4% | |
| 8 | Home Health Care ServicesNAICS 6216 | 3 | 1.8% | |
| 9 | Clothing and Clothing Accessories RetailersNAICS 4581 | 3 | 1.8% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 1.8% |
Approval sizes
- $150,001 to $350,0008.3%14
- $350,001 to $1 million57.7%97
- $1 million to $2 million19.6%33
- Over $2 million14.3%24
Loan terms
- Over 5 to 10 years31.0%52
- Over 10 to 20 years50.0%84
- Over 20 years19.0%32
Age of the businesses
- Existing, more than 2 years old28.0%47
- New business, 2 years or less25.6%43
- Startup, loan funds will open the business43.5%73
- Change of ownership3.0%5
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 136 | 81.0% | |
| 2 | 7a General | 30 | 17.9% | |
| 3 | International Trade Loans | 1 | 0.6% | |
| 4 | SBA Express Program | 1 | 0.6% |
Franchise share
71 of 168 approvals in FY2021–FY2025 (42.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | F45 Training | 6 | 3.6% | |
| 2 | Urban Air Adventure Park | 3 | 1.8% | |
| 3 | Scooter's Coffee | 3 | 1.8% | |
| 4 | Heyday | 3 | 1.8% | |
| 5 | Domino's Pizza | 3 | 1.8% | |
| 6 | The Learning Experience | 3 | 1.8% | |
| 7 | Prime IV Hydration & Wellness | 3 | 1.8% | |
| 8 | Camp Bow Wow | 2 | 1.2% |
Questions and answers
How many SBA loans does FWBank make?
SBA approved 71 7(a) loans through FWBank in FY2025, worth $73.5M, and 168 over FY2021 to FY2025. That ranks 222nd of 2,184 active 7(a) lenders by number of approvals.
How large are FWBank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $735K and the average $1.2M. The program-wide median was $190K.
What is FWBank's charge-off rate?
FWBank has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. 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 FWBank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (51); other amusement and recreation industries (22); personal care services (20); child day care services (9).
Where does FWBank make SBA loans?
In 31 states and territories. Illinois 41, Texas 19, California 12, Florida 12, Arizona 10. In Illinois it accounts for 0.4% of all 7(a) approvals.
Is FWBank's SBA lending rising?
Approvals in the three latest complete fiscal years total 148, against 20 in the three before: rising (+640%).
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