FY20171 Oct 2016 – 30 Sep 2017
SBA loans in Illinois, FY2017
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 FY2017 (1 October 2016 to 30 September 2017) SBA approved 2,246 loans in Illinois: 1,915 under 7(a) and 331 under 504, worth $1.11bn.
That is about level with FY2016, when there were 2,206 approvals worth $967M.
Illinois accounted for 3.3% of the 68,648 approvals nationwide that year. 155 lenders had at least one approval in the state; JPMorgan Chase Bank, National Association had the most, 283.
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 FY2017, of 155 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | 7(a) | 283 | $51.4M | 12.6% | 308 | -25 |
| 2 | Small Business Growth Corporation | 504 | 169 | $120M | 7.5% | 169 | 0 |
| 3 | The Huntington National Bank | 7(a) | 158 | $54.8M | 7.0% | 24 | +134 |
| 4 | Byline Bank | 7(a) | 138 | $136M | 6.1% | 187 | -49 |
| 5 | U.S. Bank, National Association | 7(a) | 135 | $41.1M | 6.0% | 231 | -96 |
| 6 | SomerCor 504, Inc. | 504 | 104 | $84.4M | 4.6% | 99 | +5 |
| 7 | Celtic Bank Corporation | 7(a) | 74 | $22.6M | 3.3% | 63 | +11 |
| 8 | Village Bank and Trust, National Association | 7(a) | 65 | $25.2M | 2.9% | 64 | +1 |
| 9 | Fifth Third Bank | 7(a) | 57 | $14.5M | 2.5% | 58 | -1 |
| 10 | Wells Fargo Bank National Association | 7(a) | 48 | $30.6M | 2.1% | 53 | -5 |
| 11 | BayFirst National Bank | 7(a) | 41 | $9.1M | 1.8% | 32 | +9 |
| 12 | Live Oak Banking Company | 7(a) | 32 | $40.0M | 1.4% | 34 | -2 |
| 13 | PNC Bank, National Association | 7(a) | 31 | $15.4M | 1.4% | 17 | +14 |
| 14 | First Mid Bank & Trust, National Association | 7(a) | 31 | $2.9M | 1.4% | 78 | -47 |
| 15 | Northeast Bank | 7(a) | 29 | $8.6M | 1.3% | 5 | +24 |
| 16 | First American Bank | 7(a) | 27 | $14.0M | 1.2% | 41 | -14 |
| 17 | Independence Bank | 7(a) | 27 | $2.8M | 1.2% | 2 | +25 |
| 18 | UMB Bank, National Association | 7(a) | 26 | $8.6M | 1.2% | 35 | -9 |
| 19 | Scott Credit Union | 7(a) | 26 | $2.5M | 1.2% | 1 | +25 |
| 20 | Wessex 504 Corporation | 504 | 25 | $13.1M | 1.1% | 32 | -7 |
| 21 | CIBC Bank USA | 7(a) | 23 | $19.6M | 1.0% | 8 | +15 |
| 22 | Newtek Small Business Finance, Inc. | 7(a) | 22 | $23.2M | 1.0% | 7 | +15 |
| 23 | PCB Bank | 7(a) | 20 | $4.3M | 0.9% | 15 | +5 |
| 24 | Bank of Hope | 7(a) | 20 | $2.9M | 0.9% | 34 | -14 |
| 25 | First Merchants Bank | 7(a) | 18 | $17.2M | 0.8% | 5 | +13 |
| 26 | Hinsdale Bank & Trust Company, National Association | 7(a) | 18 | $8.4M | 0.8% | 13 | +5 |
| 27 | Simmons Bank | 7(a) | 18 | $5.5M | 0.8% | 8 | +10 |
| 28 | Stearns Bank National Association | 7(a) | 18 | $3.9M | 0.8% | 22 | -4 |
| 29 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 17 | $10.6M | 0.8% | 26 | -9 |
| 30 | Wintrust Bank National Association | 7(a) | 16 | $6.8M | 0.7% | 11 | +5 |
| 31 | Heartland Bank and Trust Company | 7(a) | 16 | $6.3M | 0.7% | 22 | -6 |
| 32 | Legence Bank | 7(a) | 16 | $5.5M | 0.7% | 3 | +13 |
| 33 | Illinois Business Financial Services | 504 | 14 | $14.8M | 0.6% | 9 | +5 |
| 34 | BMO Bank National Association | 7(a) | 14 | $6.4M | 0.6% | 9 | +5 |
| 35 | Old National Bank | 7(a) | 14 | $5.4M | 0.6% | 18 | -4 |
| 36 | Rockford Local Development Corporation | 504 | 13 | $10.3M | 0.6% | 8 | +5 |
| 37 | Morton Community Bank | 7(a) | 13 | $3.6M | 0.6% | 6 | +7 |
| 38 | Busey Bank | 7(a) | 12 | $11.3M | 0.5% | 7 | +5 |
| 39 | Bank of Belleville | 7(a) | 12 | $5.4M | 0.5% | 2 | +10 |
| 40 | Peoples National Bank National Association | 7(a) | 12 | $4.6M | 0.5% | 17 | -5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2016 | Change |
|---|---|---|---|---|---|---|
| 1 | Cook County | 991 | $454M | 44.1% | 1,001 | -10 |
| 2 | DuPage County | 271 | $149M | 12.1% | 263 | +8 |
| 3 | Lake County | 175 | $110M | 7.8% | 157 | +18 |
| 4 | Will County | 117 | $54.7M | 5.2% | 86 | +31 |
| 5 | Kane County | 113 | $55.1M | 5.0% | 118 | -5 |
| 6 | McHenry County | 69 | $25.0M | 3.1% | 77 | -8 |
| 7 | St. Clair County | 54 | $23.0M | 2.4% | 24 | +30 |
| 8 | Winnebago County | 52 | $19.8M | 2.3% | 47 | +5 |
| 9 | Sangamon County | 48 | $17.6M | 2.1% | 52 | -4 |
| 10 | Madison County | 37 | $20.0M | 1.6% | 22 | +15 |
| 11 | Rock Island County | 20 | $4.6M | 0.9% | 11 | +9 |
| 12 | Champaign County | 19 | $9.2M | 0.8% | 15 | +4 |
| 13 | Kendall County | 19 | $8.6M | 0.8% | 15 | +4 |
| 14 | Macon County | 18 | $14.4M | 0.8% | 33 | -15 |
| 15 | Peoria County | 17 | $13.4M | 0.8% | 20 | -3 |
| 16 | McLean County | 16 | $7.5M | 0.7% | 22 | -6 |
| 17 | DeKalb County | 15 | $8.5M | 0.7% | 15 | 0 |
| 18 | Monroe County | 12 | $11.3M | 0.5% | 7 | +5 |
| 19 | Tazewell County | 11 | $4.9M | 0.5% | 13 | -2 |
| 20 | Jefferson County | 11 | $4.6M | 0.5% | 25 | -14 |
| 21 | Knox County | 11 | $4.5M | 0.5% | 17 | -6 |
| 22 | Kankakee County | 10 | $9.3M | 0.4% | 9 | +1 |
| 23 | Vermilion County | 9 | $5.4M | 0.4% | 9 | 0 |
| 24 | Saline County | 7 | $2.9M | 0.3% | 0 | new |
| 25 | Marion County | 6 | $2.0M | 0.3% | 7 | -1 |
| 26 | Clinton County | 6 | $5.5M | 0.3% | 2 | +4 |
| 27 | Stephenson County | 6 | $8.0M | 0.3% | 4 | +2 |
| 28 | Grundy County | 5 | $566K | 0.2% | 6 | -1 |
| 29 | Boone County | 5 | $3.6M | 0.2% | 11 | -6 |
| 30 | Williamson County | 5 | $1.9M | 0.2% | 10 | -5 |
| 31 | Adams County | 5 | $6.1M | 0.2% | 14 | -9 |
| 32 | LaSalle County | 5 | $2.4M | 0.2% | 0 | new |
| 33 | Randolph County | 4 | $2.0M | 0.2% | 4 | 0 |
| 34 | Jackson County | 4 | $1.0M | 0.2% | 5 | -1 |
| 35 | Whiteside County | 4 | $3.0M | 0.2% | 4 | 0 |
| 36 | McDonough County | 4 | $4.6M | 0.2% | 4 | 0 |
| 37 | Effingham County | 3 | $1.1M | 0.1% | 6 | -3 |
| 38 | Macoupin County | 3 | $1.8M | 0.1% | 4 | -1 |
| 39 | Morgan County | 3 | $776K | 0.1% | 7 | -4 |
| 40 | Henry County | 3 | $2.2M | 0.1% | 0 | new |
The 40 counties with the most approvals; every county is on the Illinois page.
FY2017 against FY2016
| Illinois | FY2017 | FY2016 |
|---|---|---|
| 7(a) approvals | 1,915 | 1,883 |
| 7(a) dollars | $854M | $745M |
| Median 7(a) approval | $151K | $150K |
| 504 approvals | 331 | 323 |
| 504 dollars | $252M | $222M |
| Jobs supported, as reported | 25,312 | 25,774 |
Questions and answers
Which lenders made the most SBA loans in Illinois in FY2017?
JPMorgan Chase Bank, National Association (283), Small Business Growth Corporation (169), The Huntington National Bank (158), Byline Bank (138), U.S. Bank, National Association (135). 155 lenders had at least one approval.
How many SBA loans were approved in Illinois in FY2017?
2,246: 1,915 under 7(a) worth $854M and 331 under 504 worth $252M.
Which Illinois counties had the most SBA approvals in FY2017?
Cook County (991), DuPage County (271), Lake County (175), Will County (117), Kane County (113).
When does FY2017 start and end?
The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.
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