FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Illinois, FY2018
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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 2,332 loans in Illinois: 2,035 under 7(a) and 297 under 504, worth $1.10bn.
That is about level with FY2017, when there were 2,246 approvals worth $1.11bn.
Illinois accounted for 3.5% of the 66,228 approvals nationwide that year. 166 lenders had at least one approval in the state; The Huntington National Bank had the most, 275.
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 FY2018, of 166 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 275 | $82.4M | 11.8% | 158 | +117 |
| 2 | JPMorgan Chase Bank, National Association | 7(a) | 234 | $30.6M | 10.0% | 283 | -49 |
| 3 | Byline Bank | 7(a) | 160 | $177M | 6.9% | 138 | +22 |
| 4 | Small Business Growth Corporation | 504 | 159 | $106M | 6.8% | 169 | -10 |
| 5 | U.S. Bank, National Association | 7(a) | 140 | $24.6M | 6.0% | 135 | +5 |
| 6 | SomerCor 504, Inc. | 504 | 84 | $50.8M | 3.6% | 104 | -20 |
| 7 | PNC Bank, National Association | 7(a) | 78 | $20.1M | 3.3% | 31 | +47 |
| 8 | Fifth Third Bank | 7(a) | 63 | $11.2M | 2.7% | 57 | +6 |
| 9 | Celtic Bank Corporation | 7(a) | 60 | $11.6M | 2.6% | 74 | -14 |
| 10 | Village Bank and Trust, National Association | 7(a) | 40 | $16.3M | 1.7% | 65 | -25 |
| 11 | First Mid Bank & Trust, National Association | 7(a) | 37 | $15.7M | 1.6% | 31 | +6 |
| 12 | Wells Fargo Bank National Association | 7(a) | 35 | $10.3M | 1.5% | 48 | -13 |
| 13 | Newtek Small Business Finance, Inc. | 7(a) | 34 | $24.0M | 1.5% | 22 | +12 |
| 14 | BayFirst National Bank | 7(a) | 32 | $7.6M | 1.4% | 41 | -9 |
| 15 | Live Oak Banking Company | 7(a) | 31 | $42.0M | 1.3% | 32 | -1 |
| 16 | Independence Bank | 7(a) | 31 | $3.5M | 1.3% | 27 | +4 |
| 17 | CIBC Bank USA | 7(a) | 29 | $19.6M | 1.2% | 23 | +6 |
| 18 | Wessex 504 Corporation | 504 | 29 | $19.3M | 1.2% | 25 | +4 |
| 19 | Northeast Bank | 7(a) | 26 | $3.0M | 1.1% | 29 | -3 |
| 20 | Midland States Bank | 7(a) | 23 | $31.2M | 1.0% | 11 | +12 |
| 21 | Stearns Bank National Association | 7(a) | 23 | $10.3M | 1.0% | 18 | +5 |
| 22 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 22 | $29.7M | 0.9% | 17 | +5 |
| 23 | First American Bank | 7(a) | 22 | $10.2M | 0.9% | 27 | -5 |
| 24 | United Midwest Savings Bank National Association | 7(a) | 21 | $3.4M | 0.9% | 9 | +12 |
| 25 | First Internet Bank of Indiana | 7(a) | 19 | $18.7M | 0.8% | 10 | +9 |
| 26 | Bank of Hope | 7(a) | 19 | $1.4M | 0.8% | 20 | -1 |
| 27 | Millennium Bank | 7(a) | 18 | $26.4M | 0.8% | 10 | +8 |
| 28 | Citibank, N.A. | 7(a) | 18 | $1.0M | 0.8% | 11 | +7 |
| 29 | PCB Bank | 7(a) | 17 | $5.5M | 0.7% | 20 | -3 |
| 30 | Morton Community Bank | 7(a) | 17 | $2.4M | 0.7% | 13 | +4 |
| 31 | Old National Bank | 7(a) | 14 | $8.0M | 0.6% | 14 | 0 |
| 32 | BMO Bank National Association | 7(a) | 13 | $4.5M | 0.6% | 14 | -1 |
| 33 | Signature Bank | 7(a) | 13 | $4.3M | 0.6% | 6 | +7 |
| 34 | Peoples National Bank National Association | 7(a) | 13 | $2.4M | 0.6% | 12 | +1 |
| 35 | First Merchants Bank | 7(a) | 12 | $18.2M | 0.5% | 18 | -6 |
| 36 | Simmons Bank | 7(a) | 12 | $5.9M | 0.5% | 18 | -6 |
| 37 | Scott Credit Union | 7(a) | 12 | $2.5M | 0.5% | 26 | -14 |
| 38 | Associated Bank National Association | 7(a) | 12 | $629K | 0.5% | 7 | +5 |
| 39 | Wintrust Bank National Association | 7(a) | 11 | $4.6M | 0.5% | 16 | -5 |
| 40 | Heartland Bank and Trust Company | 7(a) | 11 | $2.4M | 0.5% | 16 | -5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Cook County | 1,090 | $466M | 46.7% | 991 | +99 |
| 2 | DuPage County | 271 | $152M | 11.6% | 271 | 0 |
| 3 | Lake County | 168 | $97.3M | 7.2% | 175 | -7 |
| 4 | Will County | 156 | $77.5M | 6.7% | 117 | +39 |
| 5 | Kane County | 148 | $58.7M | 6.3% | 113 | +35 |
| 6 | McHenry County | 55 | $25.4M | 2.4% | 69 | -14 |
| 7 | Sangamon County | 43 | $20.8M | 1.8% | 48 | -5 |
| 8 | St. Clair County | 32 | $13.8M | 1.4% | 54 | -22 |
| 9 | Winnebago County | 31 | $10.2M | 1.3% | 52 | -21 |
| 10 | Madison County | 29 | $17.9M | 1.2% | 37 | -8 |
| 11 | Peoria County | 25 | $13.1M | 1.1% | 17 | +8 |
| 12 | Tazewell County | 23 | $13.3M | 1.0% | 11 | +12 |
| 13 | Kendall County | 19 | $4.6M | 0.8% | 19 | 0 |
| 14 | McLean County | 18 | $5.6M | 0.8% | 16 | +2 |
| 15 | Champaign County | 16 | $9.9M | 0.7% | 19 | -3 |
| 16 | Macon County | 16 | $8.0M | 0.7% | 18 | -2 |
| 17 | Jefferson County | 14 | $6.1M | 0.6% | 11 | +3 |
| 18 | Monroe County | 13 | $891K | 0.6% | 12 | +1 |
| 19 | Grundy County | 10 | $9.4M | 0.4% | 5 | +5 |
| 20 | LaSalle County | 10 | $4.3M | 0.4% | 5 | +5 |
| 21 | Franklin County | 9 | $3.8M | 0.4% | 3 | +6 |
| 22 | Rock Island County | 8 | $8.1M | 0.3% | 20 | -12 |
| 23 | Boone County | 8 | $5.8M | 0.3% | 5 | +3 |
| 24 | Adams County | 7 | $8.2M | 0.3% | 5 | +2 |
| 25 | Effingham County | 6 | $7.5M | 0.3% | 3 | +3 |
| 26 | DeKalb County | 6 | $1.5M | 0.3% | 15 | -9 |
| 27 | Knox County | 6 | $2.1M | 0.3% | 11 | -5 |
| 28 | Jackson County | 6 | $6.0M | 0.3% | 4 | +2 |
| 29 | Vermilion County | 5 | $5.0M | 0.2% | 9 | -4 |
| 30 | Morgan County | 5 | $1.8M | 0.2% | 3 | +2 |
| 31 | Marion County | 5 | $755K | 0.2% | 6 | -1 |
| 32 | Williamson County | 5 | $6.2M | 0.2% | 5 | 0 |
| 33 | Kankakee County | 5 | $1.9M | 0.2% | 10 | -5 |
| 34 | Lee County | 5 | $6.0M | 0.2% | 2 | +3 |
| 35 | Macoupin County | 4 | $504K | 0.2% | 3 | +1 |
| 36 | Whiteside County | 4 | $2.2M | 0.2% | 4 | 0 |
| 37 | Piatt County | 4 | $201K | 0.2% | 1 | +3 |
| 38 | Randolph County | 3 | $409K | 0.1% | 4 | -1 |
| 39 | Woodford County | 3 | $574K | 0.1% | 1 | +2 |
| 40 | Stephenson County | 3 | $1.1M | 0.1% | 6 | -3 |
The 40 counties with the most approvals; every county is on the Illinois page.
FY2018 against FY2017
| Illinois | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 2,035 | 1,915 |
| 7(a) dollars | $907M | $854M |
| Median 7(a) approval | $150K | $151K |
| 504 approvals | 297 | 331 |
| 504 dollars | $197M | $252M |
| Jobs supported, as reported | 24,961 | 25,312 |
Questions and answers
Which lenders made the most SBA loans in Illinois in FY2018?
The Huntington National Bank (275), JPMorgan Chase Bank, National Association (234), Byline Bank (160), Small Business Growth Corporation (159), U.S. Bank, National Association (140). 166 lenders had at least one approval.
How many SBA loans were approved in Illinois in FY2018?
2,332: 2,035 under 7(a) worth $907M and 297 under 504 worth $197M.
Which Illinois counties had the most SBA approvals in FY2018?
Cook County (1,090), DuPage County (271), Lake County (168), Will County (156), Kane County (148).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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