SBA loans in Illinois, FY2019

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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 2,053 loans in Illinois: 1,788 under 7(a) and 265 under 504, worth $1.04bn.

That is down 12% on FY2018, when there were 2,332 approvals worth $1.10bn.

Illinois accounted for 3.5% of the 58,006 approvals nationwide that year. 164 lenders had at least one approval in the state; The Huntington National Bank had the most, 263.

2,053approvalsFY2018: 2,332

$1.04bndollars approvedFY2018: $1.10bn

$180Kmedian 7(a) approvalFY2018: $150K

164lenders with an approval

25,590jobs supported, as reported

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 FY2019, of 164 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2018	Change
1	The Huntington National Bank	7(a)	263	$47.6M	12.8%	275	-12
2	U.S. Bank, National Association	7(a)	167	$30.6M	8.1%	140	+27
3	Small Business Growth Corporation	504	162	$112M	7.9%	159	+3
4	JPMorgan Chase Bank, National Association	7(a)	150	$34.0M	7.3%	234	-84
5	Byline Bank	7(a)	130	$129M	6.3%	160	-30
6	SomerCor 504, Inc.	504	70	$59.3M	3.4%	84	-14
7	Village Bank and Trust, National Association	7(a)	64	$36.5M	3.1%	40	+24
8	Fifth Third Bank	7(a)	48	$5.4M	2.3%	63	-15
9	BayFirst National Bank	7(a)	46	$8.9M	2.2%	32	+14
10	PNC Bank, National Association	7(a)	41	$13.5M	2.0%	78	-37
11	Wells Fargo Bank National Association	7(a)	34	$18.5M	1.7%	35	-1
12	Newtek Small Business Finance, Inc.	7(a)	31	$24.8M	1.5%	34	-3
13	Bank of Hope	7(a)	30	$2.9M	1.5%	19	+11
14	Stearns Bank National Association	7(a)	28	$7.7M	1.4%	23	+5
15	Midland States Bank	7(a)	27	$33.8M	1.3%	23	+4
16	Celtic Bank Corporation	7(a)	26	$28.2M	1.3%	60	-34
17	CenTrust Bank, A Division of SmartBiz Bank National Association	7(a)	25	$29.8M	1.2%	22	+3
18	Wessex 504 Corporation	504	21	$25.7M	1.0%	29	-8
19	First Mid Bank & Trust, National Association	7(a)	21	$6.3M	1.0%	37	-16
20	Independence Bank	7(a)	21	$3.1M	1.0%	31	-10
21	Live Oak Banking Company	7(a)	20	$20.4M	1.0%	31	-11
22	First American Bank	7(a)	20	$9.7M	1.0%	22	-2
23	United Midwest Savings Bank National Association	7(a)	19	$8.9M	0.9%	21	-2
24	Northeast Bank	7(a)	19	$2.6M	0.9%	26	-7
25	Associated Bank National Association	7(a)	19	$1.5M	0.9%	12	+7
26	Old National Bank	7(a)	18	$7.7M	0.9%	14	+4
27	Hinsdale Bank & Trust Company, National Association	7(a)	17	$13.2M	0.8%	5	+12
28	Bank of America, National Association	7(a)	17	$5.7M	0.8%	6	+11
29	Busey Bank	7(a)	15	$15.2M	0.7%	10	+5
30	First Merchants Bank	7(a)	14	$9.0M	0.7%	12	+2
31	Millennium Bank	7(a)	13	$26.3M	0.6%	18	-5
32	Grand Ridge National Bank	7(a)	13	$7.0M	0.6%	6	+7
33	Morton Community Bank	7(a)	13	$1.5M	0.6%	17	-4
34	BMO Bank National Association	7(a)	12	$8.8M	0.6%	13	-1
35	Five Star Bank	7(a)	12	$2.8M	0.6%	9	+3
36	Citibank, N.A.	7(a)	12	$802K	0.6%	18	-6
37	First Internet Bank of Indiana	7(a)	11	$10.2M	0.5%	19	-8
38	Union National Bank	7(a)	11	$2.3M	0.5%	6	+5
39	Seacoast National Bank	7(a)	11	$1.9M	0.5%	9	+2
40	Bank of Springfield	7(a)	11	$1.8M	0.5%	1	+10

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2018	Change
1	Cook County	1,009	$500M	49.1%	1,090	-81
2	DuPage County	246	$140M	12.0%	271	-25
3	Kane County	127	$66.7M	6.2%	148	-21
4	Lake County	126	$69.7M	6.1%	168	-42
5	Will County	116	$70.4M	5.7%	156	-40
6	McHenry County	78	$28.2M	3.8%	55	+23
7	Winnebago County	47	$20.9M	2.3%	31	+16
8	Sangamon County	35	$10.6M	1.7%	43	-8
9	Madison County	25	$11.5M	1.2%	29	-4
10	Kendall County	22	$12.9M	1.1%	19	+3
11	McLean County	19	$13.8M	0.9%	18	+1
12	Champaign County	19	$13.9M	0.9%	16	+3
13	Macon County	15	$6.0M	0.7%	16	-1
14	St. Clair County	14	$3.1M	0.7%	32	-18
15	Rock Island County	10	$3.0M	0.5%	8	+2
16	Peoria County	9	$2.9M	0.4%	25	-16
17	Jefferson County	9	$2.4M	0.4%	14	-5
18	DeKalb County	8	$5.6M	0.4%	6	+2
19	Williamson County	8	$2.0M	0.4%	5	+3
20	Grundy County	7	$1.6M	0.3%	10	-3
21	Monroe County	6	$6.9M	0.3%	13	-7
22	Saline County	6	$1.2M	0.3%	1	+5
23	LaSalle County	6	$7.2M	0.3%	10	-4
24	Vermilion County	5	$710K	0.2%	5	0
25	Knox County	5	$1.2M	0.2%	6	-1
26	Franklin County	5	$1.4M	0.2%	9	-4
27	Tazewell County	4	$5.2M	0.2%	23	-19
28	Effingham County	4	$1.5M	0.2%	6	-2
29	Kankakee County	4	$1.3M	0.2%	5	-1
30	Ford County	4	$2.1M	0.2%	0	new
31	Woodford County	4	$1.0M	0.2%	3	+1
32	Marion County	3	$424K	0.1%	5	-2
33	Carroll County	3	$602K	0.1%	1	+2
34	Moultrie County	3	$188K	0.1%	1	+2
35	Adams County	3	$1.5M	0.1%	7	-4
36	Fulton County	2	—	0.1%	1	+1
37	Macoupin County	2	—	0.1%	4	-2
38	Morgan County	2	—	0.1%	5	-3
39	Douglas County	2	—	0.1%	2	0
40	Whiteside County	2	—	0.1%	4	-2

The 40 counties with the most approvals; every county is on the Illinois page.

FY2019 against FY2018

Illinois	FY2019	FY2018
7(a) approvals	1,788	2,035
7(a) dollars	$830M	$907M
Median 7(a) approval	$180K	$150K
504 approvals	265	297
504 dollars	$206M	$197M
Jobs supported, as reported	25,590	24,961

Questions and answers

Which lenders made the most SBA loans in Illinois in FY2019?

The Huntington National Bank (263), U.S. Bank, National Association (167), Small Business Growth Corporation (162), JPMorgan Chase Bank, National Association (150), Byline Bank (130). 164 lenders had at least one approval.

How many SBA loans were approved in Illinois in FY2019?

2,053: 1,788 under 7(a) worth $830M and 265 under 504 worth $206M.

Which Illinois counties had the most SBA approvals in FY2019?

Cook County (1,009), DuPage County (246), Kane County (127), Lake County (126), Will County (116).

When does FY2019 start and end?

The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.

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