FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Illinois, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 1,777 loans in Illinois: 1,449 under 7(a) and 328 under 504, worth $1.10bn.
That is down 13% on FY2019, when there were 2,053 approvals worth $1.04bn.
Illinois accounted for 3.6% of the 49,417 approvals nationwide that year. 164 lenders had at least one approval in the state; The Huntington National Bank had the most, 248.
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 FY2020, of 164 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Cook County | 814 | $465M | 45.8% | 1,009 | -195 |
| 2 | DuPage County | 218 | $149M | 12.3% | 246 | -28 |
| 3 | Lake County | 104 | $64.2M | 5.9% | 126 | -22 |
| 4 | Will County | 104 | $81.4M | 5.9% | 116 | -12 |
| 5 | Kane County | 96 | $63.1M | 5.4% | 127 | -31 |
| 6 | Sangamon County | 46 | $18.2M | 2.6% | 35 | +11 |
| 7 | McHenry County | 44 | $28.9M | 2.5% | 78 | -34 |
| 8 | Winnebago County | 32 | $19.0M | 1.8% | 47 | -15 |
| 9 | St. Clair County | 31 | $15.3M | 1.7% | 14 | +17 |
| 10 | Madison County | 28 | $17.2M | 1.6% | 25 | +3 |
| 11 | Champaign County | 20 | $20.1M | 1.1% | 19 | +1 |
| 12 | McLean County | 18 | $6.3M | 1.0% | 19 | -1 |
| 13 | Jefferson County | 18 | $9.8M | 1.0% | 9 | +9 |
| 14 | Macon County | 17 | $9.0M | 1.0% | 15 | +2 |
| 15 | Kendall County | 17 | $10.2M | 1.0% | 22 | -5 |
| 16 | Rock Island County | 14 | $9.1M | 0.8% | 10 | +4 |
| 17 | Peoria County | 12 | $11.4M | 0.7% | 9 | +3 |
| 18 | Morgan County | 8 | $4.4M | 0.5% | 2 | +6 |
| 19 | DeKalb County | 8 | $10.0M | 0.5% | 8 | 0 |
| 20 | Christian County | 7 | $1.0M | 0.4% | 0 | new |
| 21 | Boone County | 7 | $4.5M | 0.4% | 0 | new |
| 22 | Macoupin County | 7 | $3.7M | 0.4% | 2 | +5 |
| 23 | Kankakee County | 6 | $3.2M | 0.3% | 4 | +2 |
| 24 | Adams County | 6 | $1.4M | 0.3% | 3 | +3 |
| 25 | Tazewell County | 5 | $5.8M | 0.3% | 4 | +1 |
| 26 | Grundy County | 5 | $4.7M | 0.3% | 7 | -2 |
| 27 | Vermilion County | 5 | $1.0M | 0.3% | 5 | 0 |
| 28 | Monroe County | 5 | $3.5M | 0.3% | 6 | -1 |
| 29 | Clinton County | 5 | $1.3M | 0.3% | 0 | new |
| 30 | Effingham County | 4 | $2.5M | 0.2% | 4 | 0 |
| 31 | Knox County | 4 | $3.4M | 0.2% | 5 | -1 |
| 32 | Franklin County | 4 | $628K | 0.2% | 5 | -1 |
| 33 | Stephenson County | 4 | $1.3M | 0.2% | 0 | new |
| 34 | Marion County | 3 | $1.1M | 0.2% | 3 | 0 |
| 35 | Williamson County | 3 | $1.8M | 0.2% | 8 | -5 |
| 36 | Whiteside County | 3 | $1.7M | 0.2% | 2 | +1 |
| 37 | Moultrie County | 3 | $2.6M | 0.2% | 3 | 0 |
| 38 | Lee County | 3 | $2.9M | 0.2% | 1 | +2 |
| 39 | Shelby County | 2 | — | 0.1% | 0 | new |
| 40 | Henry County | 2 | — | 0.1% | 1 | +1 |
The 40 counties with the most approvals; every county is on the Illinois page.
FY2020 against FY2019
| Illinois | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 1,449 | 1,788 |
| 7(a) dollars | $869M | $830M |
| Median 7(a) approval | $225K | $180K |
| 504 approvals | 328 | 265 |
| 504 dollars | $226M | $206M |
| Jobs supported, as reported | 21,211 | 25,590 |
Questions and answers
Which lenders made the most SBA loans in Illinois in FY2020?
The Huntington National Bank (248), Small Business Growth Corporation (189), U.S. Bank, National Association (132), Byline Bank (112), SomerCor 504, Inc. (105). 164 lenders had at least one approval.
How many SBA loans were approved in Illinois in FY2020?
1,777: 1,449 under 7(a) worth $869M and 328 under 504 worth $226M.
Which Illinois counties had the most SBA approvals in FY2020?
Cook County (814), DuPage County (218), Lake County (104), Will County (104), Kane County (96).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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