FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Illinois, FY2016
That fiscal year's approvals by lender and by county.
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 FY2016 (1 October 2015 to 30 September 2016) SBA approved 2,206 loans in Illinois: 1,883 under 7(a) and 323 under 504, worth $967M.
That is about level with FY2015, when there were 2,361 approvals worth $1.01bn.
Illinois accounted for 3.2% of the 70,012 approvals nationwide that year. 157 lenders had at least one approval in the state; JPMorgan Chase Bank, National Association had the most, 308.
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.
Approvals by lender
The 40 lenders with the most approvals to Illinois businesses in FY2016, of 157 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | 7(a) | 308 | $56.2M | 14.0% | 396 | -88 |
| 2 | U.S. Bank, National Association | 7(a) | 231 | $77.0M | 10.5% | 288 | -57 |
| 3 | Byline Bank | 7(a) | 187 | $178M | 8.5% | 224 | -37 |
| 4 | Small Business Growth Corporation | 504 | 169 | $120M | 7.7% | 147 | +22 |
| 5 | SomerCor 504, Inc. | 504 | 99 | $72.0M | 4.5% | 86 | +13 |
| 6 | First Mid Bank & Trust, National Association | 7(a) | 78 | $7.9M | 3.5% | 96 | -18 |
| 7 | Village Bank and Trust, National Association | 7(a) | 64 | $26.0M | 2.9% | 113 | -49 |
| 8 | Celtic Bank Corporation | 7(a) | 63 | $15.2M | 2.9% | 56 | +7 |
| 9 | Fifth Third Bank | 7(a) | 58 | $10.1M | 2.6% | 46 | +12 |
| 10 | Wells Fargo Bank National Association | 7(a) | 53 | $21.0M | 2.4% | 74 | -21 |
| 11 | First American Bank | 7(a) | 41 | $13.2M | 1.9% | 34 | +7 |
| 12 | UMB Bank, National Association | 7(a) | 35 | $9.7M | 1.6% | 38 | -3 |
| 13 | Live Oak Banking Company | 7(a) | 34 | $33.4M | 1.5% | 28 | +6 |
| 14 | Bank of Hope | 7(a) | 34 | $4.9M | 1.5% | 35 | -1 |
| 15 | Wessex 504 Corporation | 504 | 32 | $15.0M | 1.5% | 29 | +3 |
| 16 | BayFirst National Bank | 7(a) | 32 | $7.7M | 1.5% | 7 | +25 |
| 17 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 26 | $19.0M | 1.2% | 2 | +24 |
| 18 | The Huntington National Bank | 7(a) | 24 | $4.9M | 1.1% | 22 | +2 |
| 19 | First Internet Bank of Indiana | 7(a) | 22 | $24.5M | 1.0% | 10 | +12 |
| 20 | Stearns Bank National Association | 7(a) | 22 | $8.0M | 1.0% | 15 | +7 |
| 21 | Heartland Bank and Trust Company | 7(a) | 22 | $5.2M | 1.0% | 29 | -7 |
| 22 | Old National Bank | 7(a) | 18 | $12.6M | 0.8% | 17 | +1 |
| 23 | American Community Bank & Trust | 7(a) | 18 | $5.4M | 0.8% | 6 | +12 |
| 24 | PNC Bank, National Association | 7(a) | 17 | $5.2M | 0.8% | 33 | -16 |
| 25 | Peoples National Bank National Association | 7(a) | 17 | $4.5M | 0.8% | 15 | +2 |
| 26 | INB, National Association | 7(a) | 17 | $3.3M | 0.8% | 16 | +1 |
| 27 | Community First Bank of the Heartland | 7(a) | 17 | $1.4M | 0.8% | 22 | -5 |
| 28 | SomerCor 504, Inc. | 7(a) | 16 | $2.0M | 0.7% | 11 | +5 |
| 29 | The Bancorp Bank National Association | 7(a) | 15 | $11.0M | 0.7% | 22 | -7 |
| 30 | PCB Bank | 7(a) | 15 | $5.7M | 0.7% | 17 | -2 |
| 31 | Hinsdale Bank & Trust Company, National Association | 7(a) | 13 | $9.2M | 0.6% | 5 | +8 |
| 32 | St. Charles Bank & Trust Company, National Association | 7(a) | 13 | $4.0M | 0.6% | 0 | new |
| 33 | Citibank, N.A. | 7(a) | 13 | $2.7M | 0.6% | 13 | 0 |
| 34 | Midland States Bank | 7(a) | 13 | $1.7M | 0.6% | 21 | -8 |
| 35 | Signature Bank | 7(a) | 12 | $2.8M | 0.5% | 16 | -4 |
| 36 | Wintrust Bank National Association | 7(a) | 11 | $3.7M | 0.5% | 0 | new |
| 37 | First National Bank of Pennsylvania | 7(a) | 10 | $4.8M | 0.5% | 2 | +8 |
| 38 | Northbrook Bank & Trust Company, National Association | 7(a) | 10 | $2.5M | 0.5% | 2 | +8 |
| 39 | Illinois Business Financial Services | 504 | 9 | $6.9M | 0.4% | 8 | +1 |
| 40 | BMO Bank National Association | 7(a) | 9 | $3.4M | 0.4% | 22 | -13 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Cook County | 1,001 | $440M | 45.4% | 1,075 | -74 |
| 2 | DuPage County | 263 | $113M | 11.9% | 283 | -20 |
| 3 | Lake County | 157 | $83.7M | 7.1% | 169 | -12 |
| 4 | Kane County | 118 | $56.0M | 5.3% | 108 | +10 |
| 5 | Will County | 86 | $47.2M | 3.9% | 113 | -27 |
| 6 | McHenry County | 77 | $31.5M | 3.5% | 71 | +6 |
| 7 | Sangamon County | 52 | $11.1M | 2.4% | 45 | +7 |
| 8 | Winnebago County | 47 | $8.7M | 2.1% | 75 | -28 |
| 9 | Macon County | 33 | $6.7M | 1.5% | 24 | +9 |
| 10 | Jefferson County | 25 | $3.6M | 1.1% | 18 | +7 |
| 11 | St. Clair County | 24 | $10.2M | 1.1% | 40 | -16 |
| 12 | Madison County | 22 | $6.7M | 1.0% | 27 | -5 |
| 13 | McLean County | 22 | $16.3M | 1.0% | 15 | +7 |
| 14 | Peoria County | 20 | $9.4M | 0.9% | 35 | -15 |
| 15 | Knox County | 17 | $1.2M | 0.8% | 17 | 0 |
| 16 | Champaign County | 15 | $11.0M | 0.7% | 27 | -12 |
| 17 | DeKalb County | 15 | $4.8M | 0.7% | 14 | +1 |
| 18 | Kendall County | 15 | $9.2M | 0.7% | 17 | -2 |
| 19 | Adams County | 14 | $2.6M | 0.6% | 2 | +12 |
| 20 | Tazewell County | 13 | $4.7M | 0.6% | 11 | +2 |
| 21 | Rock Island County | 11 | $6.6M | 0.5% | 17 | -6 |
| 22 | Boone County | 11 | $4.9M | 0.5% | 6 | +5 |
| 23 | Williamson County | 10 | $11.9M | 0.5% | 7 | +3 |
| 24 | Vermilion County | 9 | $5.4M | 0.4% | 4 | +5 |
| 25 | Kankakee County | 9 | $2.7M | 0.4% | 8 | +1 |
| 26 | Morgan County | 7 | $8.4M | 0.3% | 8 | -1 |
| 27 | Marion County | 7 | $1.7M | 0.3% | 9 | -2 |
| 28 | Monroe County | 7 | $546K | 0.3% | 3 | +4 |
| 29 | Effingham County | 6 | $2.0M | 0.3% | 4 | +2 |
| 30 | Grundy County | 6 | $2.8M | 0.3% | 5 | +1 |
| 31 | Ogle County | 6 | $6.2M | 0.3% | 4 | +2 |
| 32 | Hamilton County | 5 | $1.1M | 0.2% | 1 | +4 |
| 33 | Jackson County | 5 | $4.6M | 0.2% | 4 | +1 |
| 34 | Piatt County | 5 | $1.1M | 0.2% | 5 | 0 |
| 35 | Macoupin County | 4 | $529K | 0.2% | 1 | +3 |
| 36 | Randolph County | 4 | $1.1M | 0.2% | 2 | +2 |
| 37 | Coles County | 4 | $745K | 0.2% | 8 | -4 |
| 38 | Whiteside County | 4 | $4.6M | 0.2% | 1 | +3 |
| 39 | McDonough County | 4 | $1.4M | 0.2% | 1 | +3 |
| 40 | Stephenson County | 4 | $3.5M | 0.2% | 3 | +1 |
The 40 counties with the most approvals; every county is on the Illinois page.
FY2016 against FY2015
| Illinois | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 1,883 | 2,061 |
| 7(a) dollars | $745M | $816M |
| Median 7(a) approval | $150K | $150K |
| 504 approvals | 323 | 300 |
| 504 dollars | $222M | $193M |
| Jobs supported, as reported | 25,774 | 26,237 |
Questions and answers
Which lenders made the most SBA loans in Illinois in FY2016?
JPMorgan Chase Bank, National Association (308), U.S. Bank, National Association (231), Byline Bank (187), Small Business Growth Corporation (169), SomerCor 504, Inc. (99). 157 lenders had at least one approval.
How many SBA loans were approved in Illinois in FY2016?
2,206: 1,883 under 7(a) worth $745M and 323 under 504 worth $222M.
Which Illinois counties had the most SBA approvals in FY2016?
Cook County (1,001), DuPage County (263), Lake County (157), Kane County (118), Will County (86).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
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