FY20211 Oct 2020 – 30 Sep 2021
SBA loans in Illinois, FY2021
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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 2,159 loans in Illinois: 1,732 under 7(a) and 427 under 504, worth $1.48bn.
That is up 21% on FY2020, when there were 1,777 approvals worth $1.10bn.
Illinois accounted for 3.5% of the 61,532 approvals nationwide that year. 192 lenders had at least one approval in the state; The Huntington National Bank had the most, 377.
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 FY2021, of 192 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 377 | $94.0M | 17.5% | 248 | +129 |
| 2 | Small Business Growth Corporation | 504 | 255 | $212M | 11.8% | 189 | +66 |
| 3 | SomerCor 504, Inc. | 504 | 131 | $104M | 6.1% | 105 | +26 |
| 4 | Byline Bank | 7(a) | 113 | $129M | 5.2% | 112 | +1 |
| 5 | U.S. Bank, National Association | 7(a) | 89 | $21.0M | 4.1% | 132 | -43 |
| 6 | Village Bank and Trust, National Association | 7(a) | 60 | $42.1M | 2.8% | 31 | +29 |
| 7 | First Mid Bank & Trust, National Association | 7(a) | 53 | $12.0M | 2.5% | 29 | +24 |
| 8 | Live Oak Banking Company | 7(a) | 41 | $60.1M | 1.9% | 28 | +13 |
| 9 | Newtek Small Business Finance, Inc. | 7(a) | 39 | $25.7M | 1.8% | 16 | +23 |
| 10 | Harvest Small Business Finance, LLC | 7(a) | 34 | $27.8M | 1.6% | 12 | +22 |
| 11 | First American Bank | 7(a) | 32 | $27.9M | 1.5% | 15 | +17 |
| 12 | Merchants Bank of Indiana | 7(a) | 29 | $37.4M | 1.3% | 15 | +14 |
| 13 | Happen Bank | 7(a) | 28 | $68.9M | 1.3% | 11 | +17 |
| 14 | Union National Bank | 7(a) | 28 | $11.0M | 1.3% | 6 | +22 |
| 15 | United Midwest Savings Bank National Association | 7(a) | 28 | $6.9M | 1.3% | 19 | +9 |
| 16 | JPMorgan Chase Bank, National Association | 7(a) | 27 | $6.6M | 1.3% | 82 | -55 |
| 17 | Millennium Bank | 7(a) | 26 | $50.2M | 1.2% | 21 | +5 |
| 18 | Busey Bank | 7(a) | 21 | $27.1M | 1.0% | 10 | +11 |
| 19 | Bank of America, National Association | 7(a) | 21 | $7.9M | 1.0% | 10 | +11 |
| 20 | Peoples National Bank National Association | 7(a) | 20 | $7.6M | 0.9% | 4 | +16 |
| 21 | Morton Community Bank | 7(a) | 20 | $6.8M | 0.9% | 2 | +18 |
| 22 | PNC Bank, National Association | 7(a) | 16 | $14.5M | 0.7% | 25 | -9 |
| 23 | BMO Bank National Association | 7(a) | 15 | $15.8M | 0.7% | 10 | +5 |
| 24 | Hinsdale Bank & Trust Company, National Association | 7(a) | 15 | $12.7M | 0.7% | 11 | +4 |
| 25 | Heartland Bank and Trust Company | 7(a) | 15 | $9.0M | 0.7% | 18 | -3 |
| 26 | Bank of Belleville | 7(a) | 15 | $7.8M | 0.7% | 2 | +13 |
| 27 | Enterprise Bank & Trust | 7(a) | 14 | $22.0M | 0.6% | 5 | +9 |
| 28 | Wessex 504 Corporation | 504 | 14 | $9.7M | 0.6% | 17 | -3 |
| 29 | Fifth Third Bank | 7(a) | 14 | $9.2M | 0.6% | 27 | -13 |
| 30 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 14 | $9.0M | 0.6% | 26 | -12 |
| 31 | Rockford Local Development Corporation | 504 | 13 | $11.9M | 0.6% | 11 | +2 |
| 32 | Peoples Bank & Trust | 7(a) | 13 | $8.9M | 0.6% | 17 | -4 |
| 33 | GBank | 7(a) | 12 | $21.7M | 0.6% | 6 | +6 |
| 34 | Community First Bank of the Heartland | 7(a) | 12 | $7.7M | 0.6% | 23 | -11 |
| 35 | Bank of Springfield | 7(a) | 12 | $2.8M | 0.6% | 20 | -8 |
| 36 | Wells Fargo Bank National Association | 7(a) | 11 | $2.5M | 0.5% | 15 | -4 |
| 37 | Time Bank | 7(a) | 10 | $3.1M | 0.5% | 1 | +9 |
| 38 | American Community Bank & Trust | 7(a) | 9 | $9.9M | 0.4% | 5 | +4 |
| 39 | Celtic Bank Corporation | 7(a) | 9 | $8.2M | 0.4% | 16 | -7 |
| 40 | KeyBank National Association | 7(a) | 9 | $6.0M | 0.4% | 1 | +8 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2020 | Change |
|---|---|---|---|---|---|---|
| 1 | Cook County | 905 | $611M | 41.9% | 814 | +91 |
| 2 | DuPage County | 260 | $201M | 12.0% | 218 | +42 |
| 3 | Kane County | 154 | $108M | 7.1% | 96 | +58 |
| 4 | Lake County | 146 | $124M | 6.8% | 104 | +42 |
| 5 | Will County | 104 | $88.3M | 4.8% | 104 | 0 |
| 6 | McHenry County | 68 | $37.7M | 3.1% | 44 | +24 |
| 7 | St. Clair County | 48 | $23.1M | 2.2% | 31 | +17 |
| 8 | Winnebago County | 42 | $23.1M | 1.9% | 32 | +10 |
| 9 | Sangamon County | 41 | $14.6M | 1.9% | 46 | -5 |
| 10 | Madison County | 39 | $22.8M | 1.8% | 28 | +11 |
| 11 | Kendall County | 31 | $24.5M | 1.4% | 17 | +14 |
| 12 | Champaign County | 25 | $16.3M | 1.2% | 20 | +5 |
| 13 | Macon County | 25 | $15.7M | 1.2% | 17 | +8 |
| 14 | McLean County | 21 | $11.0M | 1.0% | 18 | +3 |
| 15 | Tazewell County | 14 | $15.8M | 0.6% | 5 | +9 |
| 16 | Peoria County | 14 | $11.4M | 0.6% | 12 | +2 |
| 17 | DeKalb County | 14 | $10.5M | 0.6% | 8 | +6 |
| 18 | LaSalle County | 14 | $11.1M | 0.6% | 1 | +13 |
| 19 | Kankakee County | 12 | $7.7M | 0.6% | 6 | +6 |
| 20 | Jefferson County | 11 | $3.8M | 0.5% | 18 | -7 |
| 21 | Moultrie County | 10 | $4.9M | 0.5% | 3 | +7 |
| 22 | Monroe County | 9 | $5.4M | 0.4% | 5 | +4 |
| 23 | Rock Island County | 8 | $3.4M | 0.4% | 14 | -6 |
| 24 | Adams County | 8 | $1.8M | 0.4% | 6 | +2 |
| 25 | Grundy County | 7 | $5.5M | 0.3% | 5 | +2 |
| 26 | Vermilion County | 7 | $5.2M | 0.3% | 5 | +2 |
| 27 | White County | 7 | $3.8M | 0.3% | 2 | +5 |
| 28 | Marion County | 6 | $5.2M | 0.3% | 3 | +3 |
| 29 | Jackson County | 6 | $3.4M | 0.3% | 2 | +4 |
| 30 | Saline County | 6 | $1.8M | 0.3% | 2 | +4 |
| 31 | Macoupin County | 5 | $2.9M | 0.2% | 7 | -2 |
| 32 | Whiteside County | 5 | $1.4M | 0.2% | 3 | +2 |
| 33 | Franklin County | 5 | $1.9M | 0.2% | 4 | +1 |
| 34 | Clinton County | 5 | $4.6M | 0.2% | 5 | 0 |
| 35 | Jersey County | 5 | $2.1M | 0.2% | 1 | +4 |
| 36 | Henry County | 4 | $2.4M | 0.2% | 2 | +2 |
| 37 | Coles County | 4 | $2.0M | 0.2% | 2 | +2 |
| 38 | Douglas County | 4 | $1.1M | 0.2% | 2 | +2 |
| 39 | Christian County | 3 | $471K | 0.1% | 7 | -4 |
| 40 | Effingham County | 3 | $5.3M | 0.1% | 4 | -1 |
The 40 counties with the most approvals; every county is on the Illinois page.
FY2021 against FY2020
| Illinois | FY2021 | FY2020 |
|---|---|---|
| 7(a) approvals | 1,732 | 1,449 |
| 7(a) dollars | $1.13bn | $869M |
| Median 7(a) approval | $328K | $225K |
| 504 approvals | 427 | 328 |
| 504 dollars | $347M | $226M |
| Jobs supported, as reported | 27,926 | 21,211 |
Questions and answers
Which lenders made the most SBA loans in Illinois in FY2021?
The Huntington National Bank (377), Small Business Growth Corporation (255), SomerCor 504, Inc. (131), Byline Bank (113), U.S. Bank, National Association (89). 192 lenders had at least one approval.
How many SBA loans were approved in Illinois in FY2021?
2,159: 1,732 under 7(a) worth $1.13bn and 427 under 504 worth $347M.
Which Illinois counties had the most SBA approvals in FY2021?
Cook County (905), DuPage County (260), Kane County (154), Lake County (146), Will County (104).
When does FY2021 start and end?
The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.
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