SBA Ledger

States › Illinois

State3.6% of US approvals317 lenders active

SBA loans in Illinois

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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 12,417 small business loans in Illinois in FY2021 to FY2025: 10,654 under the 7(a) program and 1,763 under 504, worth $7.21bn together.

That is 38.5 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 3.6% of all approvals in the country (7th of 54 states and territories).

In FY2025 there were 3,138 approvals totalling $1.63bn, up 15% on FY2024. The median 7(a) approval over the five years was $200K and the median 504 approval $578K.

317 lenders had at least one approval in the state; by number of 7(a) approvals the most active were The Huntington National Bank (2,792), U.S. Bank, National Association (711) and Byline Bank (494).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 8.0% as charged off, against 6.6% nationally.

3,138approvals, FY202512,417 in FY2021–FY2025
$1.63bnapproved, FY2025$7.21bn in FY2021–FY2025
38.5approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$200Kmedian 7(a) approvalUS: $190K
8.0%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in Illinois

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in IL, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1The Huntington National BankColumbus, OH2,792$565M26.2%$92K5.7%
2U.S. Bank, National AssociationCincinnati, OH711$132M6.7%$45K6.2%
3Byline BankChicago, IL494$630M4.6%$806K9.5%
4Northeast BankLewiston, ME452$68.9M4.2%$106K12.8%
5JPMorgan Chase Bank, National AssociationColumbus, OH411$99.4M3.9%$200K7.4%
6BayFirst National BankSaint Petersburg, FL305$51.2M2.9%$150K19.2%
7Newtek Bank, National AssociationMiami, FL291$133M2.7%$225K—
8Readycap Lending, LLCBerkeley Heights, NJ238$71.1M2.2%$138K4.3%
9Live Oak Banking CompanyWilmington, NC204$281M1.9%$850K2.2%
10Village Bank and Trust, National AssociationArlington Heights, IL186$123M1.7%$431K5.4%
11PNC Bank, National AssociationWilmington, DE154$46.8M1.4%$50K8.1%
12Fifth Third BankCincinnati, OH144$67.1M1.4%$200K5.5%
13Bank of America, National AssociationCharlotte, NC139$52.9M1.3%$300K2.6%
14Bank of SpringfieldSpringfield, IL131$27.9M1.2%$167K5.7%
15First Mid Bank & Trust, National AssociationMattoon, IL123$37.7M1.2%$230K5.8%
16Newtek Small Business Finance, Inc.Lake Success, NY114$70.1M1.1%$300K6.8%
17Millennium BankDes Plaines, IL110$233M1.0%$1.8M0.0%
18Celtic Bank CorporationSalt Lake City, UT105$52.4M1.0%$150K17.0%
19Lendistry SBLC, LLCLos Angeles, CA104$23.3M1.0%$150K22.7%
20United Midwest Savings Bank National AssociationDe Graff, OH103$32.3M1.0%$150K15.9%
21Old National BankEvansville, IN100$110M0.9%$500K4.7%
22First American BankElk Grove Village, IL100$81.0M0.9%$500K2.7%
23Harvest Small Business Finance, LLCLaguna Hills, CA95$84.6M0.9%$765K0.4%
24Busey BankChampaign, IL94$113M0.9%$746K6.5%
25Merchants Bank of IndianaCarmel, IN88$134M0.8%$734K1.2%
26Midland States BankEffingham, IL85$41.3M0.8%$243K7.5%
27Union National BankElgin, IL85$27.4M0.8%$282K1.2%
28CenTrust Bank, A Division of SmartBiz Bank National AssociationNorthbrook, IL75$67.6M0.7%$150K2.8%
29St. Charles Bank & Trust Company, National AssociationSaint Charles, IL69$42.0M0.6%$417K3.3%
30GBankLas Vegas, NV55$145M0.5%$2.2M1.7%
31Peoples Bank & TrustPana, IL55$25.8M0.5%$252K0.0%
32Morton Community BankMorton, IL54$12.9M0.5%$135K3.2%
33Hinsdale Bank & Trust Company, National AssociationHinsdale, IL53$46.5M0.5%$455K1.0%
34Pan American Bank & TrustMelrose Park, IL52$39.1M0.5%$520K—
35First Bank of the LakeOsage Beach, MO51$29.9M0.5%$350K2.7%
36Happen BankLehi, UT46$97.5M0.4%$874K11.2%
37Peoples National Bank National AssociationMcLeansboro, IL46$22.5M0.4%$259K6.2%
38VelocitySBA, LLCIrving, TX44$44.4M0.4%$769K19.9%
39Wheaton Bank & Trust Company, National AssociationWheaton, IL44$27.0M0.4%$355K—
40First Internet Bank of IndianaFishers, IN43$62.5M0.4%$895K5.3%

504 certified development companies

#LenderApprovals in IL, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1Small Business Growth CorporationSpringfield, IL · 504 CDC994$929M56.4%$609K1.4%
2SomerCor 504, Inc.Chicago, IL · 504 CDC628$629M35.6%$587K1.4%
3Rockford Local Development CorporationRockford, IL · 504 CDC52$47.3M2.9%$536K3.3%
4Wessex 504 CorporationArlington Heights, IL · 504 CDC35$30.0M2.0%$516K1.5%
5Regional Development CompanyValparaiso, IN · 504 CDC26$22.1M1.5%$493K0.8%
6Illinois Business Financial ServicesPeoria, IL · 504 CDC9$8.5M0.5%$333K6.5%
7Rural Missouri, Inc.Jefferson City, MO · 504 CDC4$7.7M0.2%$588K0.8%
8E.C.I.A. Business Growth, Inc.Dubuque, IA · 504 CDC3$1.4M0.2%$548K0.0%
9WBD, Inc.Madison, WI · 504 CDC2—0.1%$616K1.2%
10Capital Access Group, Inc.San Francisco, CA · 504 CDC2—0.1%$806K0.4%
11STL Partnership CDCSt. Louis, MO · 504 CDC1—0.1%$707K1.8%
12Iowa Business Growth CompanyJohnston, IA · 504 CDC1—0.1%$469K2.0%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*1,317$733M$200K184$204M1,50116,390
FY20252,835$1.31bn$165K303$321M3,13831,496
FY20242,469$1.17bn$150K268$290M2,73730,343
FY20231,957$978M$180K297$301M2,25426,929
FY20221,661$934M$210K468$430M2,12924,538
FY20211,732$1.13bn$328K427$347M2,15927,926
FY20201,449$869M$225K328$226M1,77721,211
FY20191,788$830M$180K265$206M2,05325,590
FY20182,035$907M$150K297$197M2,33224,961
FY20171,915$854M$151K331$252M2,24625,312
FY20161,883$745M$150K323$222M2,20625,774

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in Illinois by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Cook County5,797$3.07bn134,51343.1
2DuPage County1,486$941M34,12143.6
3Lake County830$551M20,07641.3
4Will County762$473M17,08544.6
5Kane County715$477M13,53752.8
6McHenry County424$253M8,14052.1
7Winnebago County221$147M6,28635.2
8Madison County206$127M5,65936.4
9Sangamon County186$70.3M4,92537.8
10St. Clair County170$83.9M4,97334.2
11Kendall County139$68.6M2,54854.6
12Champaign County134$83.4M4,23731.6
13McLean County89$59.4M3,48125.6
14Macon County87$54.6M2,24138.8
15Peoria County71$54.5M4,16817.0
16DeKalb County70$63.8M1,97535.4
17Tazewell County65$52.7M2,77223.4
18LaSalle County54$37.0M2,52321.4
19Kankakee County53$31.4M2,26823.4
20Rock Island County50$30.1M2,99216.7
21Grundy County45$39.0M1,20237.4
22Monroe County43$24.3M87549.1
23Jefferson County41$28.0M88246.5
24Vermilion County40$21.1M1,30030.8
25Williamson County39$17.7M1,59724.4
26Henry County26$14.8M1,03725.1
27Boone County25$11.1M89028.1
28Macoupin County24$11.3M81329.5
29Adams County24$11.0M1,78713.4
30Morgan County22$9.7M75929.0
31Ogle County22$14.7M1,05320.9
32Jackson County21$12.6M1,19617.6
33Knox County20$20.6M96820.7
34Whiteside County20$6.4M1,15817.3
35Christian County19$6.9M70926.8
36Stephenson County19$5.8M1,00318.9
37Effingham County18$17.4M1,26314.3
38Saline County18$5.9M53833.5
39Franklin County16$9.3M69623.0
40Marion County15$13.6M86317.4
41Montgomery County15$10.5M67622.2
42Clinton County15$11.5M91316.4
43Coles County14$6.5M1,11212.6
44Moultrie County14$13.7M33641.7
45Lee County14$10.8M69020.3
46Jersey County13$3.5M40432.2
47Edgar County12$5.8M33435.9
48White County10$5.1M34029.4
49Woodford County10$1.9M79312.6
50Logan County10$12.0M53618.7
51Bureau County9$9.8M69912.9
52Hancock County8$3.2M36521.9
53Randolph County7$3.1M63611.0
54Livingston County7$11.3M8268.5
55Menard County7$874K20733.8
56Carroll County7$4.9M36319.3
57Jo Daviess County7$4.7M67310.4
58Greene County7$2.0M21532.6
59Perry County6$2.3M37815.9
60Douglas County6$4.5M57510.4
61Piatt County6$2.9M33917.7
62McDonough County6$2.7M6119.8
63Fayette County6$4.3M47712.6
64Bond County6$9.5M30319.8
65Hamilton County5$3.0M17528.6
66De Witt County5$2.3M34314.6
67Pulaski County5$938K8658.1
68Shelby County4$1.0M4229.5
69Fulton County4$3.8M5966.7
70Crawford County4$3.6M4119.7
71Johnson County4$480K17522.9
72Washington County3$1.1M3648.2
73Mercer County3$672K25811.6
74Jasper County3$1.5M22613.3
75Wayne County3$535K3748.0
76Union County3$1.4M3528.5
77Richland County2—4234.7
78Lawrence County2—2478.1
79Cumberland County2—17811.2
80Hardin County2—5536.4
81Gallatin County2—8224.4
82Calhoun County2—7726.0
83Schuyler County2—16112.4
84Clark County1—3353.0
85Pike County1—3492.9
86Marshall County1—2354.3
87Warren County1—3512.8
88Clay County1—3223.1
89Massac County1—2174.6
90Scott County1—8411.9
91Cass County1—2414.1
92Brown County1—1089.3

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 72251,301$711M10.5%
2General Freight TruckingNAICS 48411,103$359M8.9%
3Automotive Repair and MaintenanceNAICS 8111397$254M3.2%
4Other Amusement and Recreation IndustriesNAICS 7139366$250M2.9%
5Personal Care ServicesNAICS 8121359$97.6M2.9%
6Offices of Other Health PractitionersNAICS 6213357$114M2.9%
7Services to Buildings and DwellingsNAICS 5617330$123M2.7%
8Building Equipment ContractorsNAICS 2382305$122M2.5%
9Residential Building ConstructionNAICS 2361276$51.4M2.2%
10Child Day Care ServicesNAICS 6244273$182M2.2%
11Other Specialty Trade ContractorsNAICS 2389230$127M1.9%
12Traveler AccommodationNAICS 7211223$574M1.8%
13Other Personal ServicesNAICS 8129207$107M1.7%
14Other Professional, Scientific, and Technical ServicesNAICS 5419201$118M1.6%
15Management, Scientific, and Technical Consulting ServicesNAICS 5416185$45.0M1.5%

Sectors

#NAICS sectorApprovalsShare
1Accommodation and Food Services1,69513.7%
2Transportation and Warehousing1,44511.6%
3Construction1,31910.6%
4Retail Trade1,27310.3%
5Other Services (except Public Administration)1,1969.6%
6Health Care and Social Assistance1,1279.1%
7Professional, Scientific, and Technical Services1,0428.4%
8Manufacturing9627.7%
9Administrative and Support and Waste Management and Remediation Services5864.7%
10Wholesale Trade5354.3%

Franchise brands

#BrandApprovalsShare
1The UPS Store500.4%
2Scooter's Coffee260.2%
3Super 8 by Wyndhan250.2%
4X-Golf250.2%
5Culver's ButterBurgers & Frozen Custard210.2%
6Subway190.2%
7Jersey Mike’s Subs170.1%
8Anytime Fitness160.1%
9Parent Petroleum140.1%
10Servpro140.1%

How earlier loans turned out

Illinois, 7(a)8.0%
United States, 7(a)6.6%
Illinois, 5041.7%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021IL 7(a)US 7(a)IL 504US 504
Approvals in these years21,190639,9054,30485,591
Cancelled or never disbursed2,87879,31362612,514
Disbursed loans18,312560,5923,67873,077
Paid in full13,909435,8131,68435,491
Charged off1,45936,89161905
Still outstanding (status exempt from disclosure)2,94487,8881,93336,681
Charged off, share of disbursed loans8.0%6.6%1.7%1.2%
Dollars charged off, share of disbursed dollars4.1%2.5%1.4%0.9%
Dollars charged off$327M$5.70bn$35.4M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025IllinoisUnited States
Approvals per 1,000 establishments38.541.0
Median 7(a) approval$200K$190K
Median 504 approval$578K$657K
504 share of approvals14.2%11.0%
Jobs supported per approval, as reported11.410.5
Approvals, change on FY2016–FY202017%10%

Questions and answers

Which lenders make the most SBA loans in Illinois?

By 7(a) approvals in FY2021 to FY2025: The Huntington National Bank (2,792), U.S. Bank, National Association (711), Byline Bank (494), Northeast Bank (452), JPMorgan Chase Bank, National Association (411). For 504 loans: Small Business Growth Corporation (994), SomerCor 504, Inc. (628), Rockford Local Development Corporation (52). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Illinois?

The median 7(a) approval was $200K and the median 504 approval $578K; the average across both programs was $581K.

Which industries get the most SBA loans in Illinois?

Restaurants and Other Eating Places (1,301); General Freight Trucking (1,103); Automotive Repair and Maintenance (397); Other Amusement and Recreation Industries (366); Personal Care Services (359).

Which Illinois counties receive the most SBA loans?

Cook County (5,797), DuPage County (1,486), Lake County (830), Will County (762), Kane County (715), by approvals in FY2021 to FY2025.

Is SBA lending in Illinois rising?

Approvals in the three latest complete fiscal years total 8,129, against 6,065 in the three before: rising (+34%).

What share of SBA loans in Illinois are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 8.0% are recorded as charged off (national: 6.6%); for 504 loans the figure is 1.7% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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