FY20221 Oct 2021 – 30 Sep 2022
SBA loans in Illinois, FY2022
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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 2,129 loans in Illinois: 1,661 under 7(a) and 468 under 504, worth $1.36bn.
That is about level with FY2021, when there were 2,159 approvals worth $1.48bn.
Illinois accounted for 3.7% of the 56,932 approvals nationwide that year. 171 lenders had at least one approval in the state; The Huntington National Bank had the most, 439.
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 FY2022, of 171 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2021 | Change |
|---|---|---|---|---|---|---|
| 1 | Cook County | 986 | $559M | 46.3% | 905 | +81 |
| 2 | DuPage County | 227 | $166M | 10.7% | 260 | -33 |
| 3 | Kane County | 135 | $109M | 6.3% | 154 | -19 |
| 4 | Will County | 126 | $90.8M | 5.9% | 104 | +22 |
| 5 | Lake County | 124 | $97.8M | 5.8% | 146 | -22 |
| 6 | McHenry County | 84 | $61.2M | 3.9% | 68 | +16 |
| 7 | Winnebago County | 43 | $30.8M | 2.0% | 42 | +1 |
| 8 | St. Clair County | 39 | $18.3M | 1.8% | 48 | -9 |
| 9 | Madison County | 38 | $27.7M | 1.8% | 39 | -1 |
| 10 | Sangamon County | 34 | $14.9M | 1.6% | 41 | -7 |
| 11 | Kendall County | 26 | $12.1M | 1.2% | 31 | -5 |
| 12 | Champaign County | 20 | $20.7M | 0.9% | 25 | -5 |
| 13 | Macon County | 17 | $8.4M | 0.8% | 25 | -8 |
| 14 | McLean County | 16 | $13.7M | 0.8% | 21 | -5 |
| 15 | Peoria County | 16 | $13.7M | 0.8% | 14 | +2 |
| 16 | Jefferson County | 13 | $11.7M | 0.6% | 11 | +2 |
| 17 | Tazewell County | 12 | $7.6M | 0.6% | 14 | -2 |
| 18 | Monroe County | 12 | $2.2M | 0.6% | 9 | +3 |
| 19 | Rock Island County | 11 | $7.7M | 0.5% | 8 | +3 |
| 20 | Grundy County | 10 | $6.1M | 0.5% | 7 | +3 |
| 21 | DeKalb County | 10 | $10.4M | 0.5% | 14 | -4 |
| 22 | Saline County | 9 | $3.7M | 0.4% | 6 | +3 |
| 23 | Morgan County | 6 | $4.0M | 0.3% | 1 | +5 |
| 24 | Williamson County | 6 | $5.3M | 0.3% | 3 | +3 |
| 25 | Kankakee County | 6 | $3.7M | 0.3% | 12 | -6 |
| 26 | Macoupin County | 5 | $5.5M | 0.2% | 5 | 0 |
| 27 | Henry County | 5 | $1.4M | 0.2% | 4 | +1 |
| 28 | Knox County | 5 | $5.2M | 0.2% | 3 | +2 |
| 29 | Montgomery County | 5 | $1.3M | 0.2% | 2 | +3 |
| 30 | Hancock County | 5 | $2.4M | 0.2% | 0 | new |
| 31 | Adams County | 5 | $742K | 0.2% | 8 | -3 |
| 32 | Effingham County | 4 | $4.8M | 0.2% | 3 | +1 |
| 33 | Vermilion County | 4 | $395K | 0.2% | 7 | -3 |
| 34 | Jackson County | 4 | $2.9M | 0.2% | 6 | -2 |
| 35 | Whiteside County | 4 | $722K | 0.2% | 5 | -1 |
| 36 | LaSalle County | 4 | $2.2M | 0.2% | 14 | -10 |
| 37 | Christian County | 3 | $2.5M | 0.1% | 3 | 0 |
| 38 | Boone County | 3 | $1.9M | 0.1% | 3 | 0 |
| 39 | Randolph County | 3 | $2.2M | 0.1% | 1 | +2 |
| 40 | Ogle County | 3 | $1.7M | 0.1% | 2 | +1 |
The 40 counties with the most approvals; every county is on the Illinois page.
FY2022 against FY2021
| Illinois | FY2022 | FY2021 |
|---|---|---|
| 7(a) approvals | 1,661 | 1,732 |
| 7(a) dollars | $934M | $1.13bn |
| Median 7(a) approval | $210K | $328K |
| 504 approvals | 468 | 427 |
| 504 dollars | $430M | $347M |
| Jobs supported, as reported | 24,538 | 27,926 |
Questions and answers
Which lenders made the most SBA loans in Illinois in FY2022?
The Huntington National Bank (439), Small Business Growth Corporation (245), SomerCor 504, Inc. (181), U.S. Bank, National Association (118), Byline Bank (93). 171 lenders had at least one approval.
How many SBA loans were approved in Illinois in FY2022?
2,129: 1,661 under 7(a) worth $934M and 468 under 504 worth $430M.
Which Illinois counties had the most SBA approvals in FY2022?
Cook County (986), DuPage County (227), Kane County (135), Will County (126), Lake County (124).
When does FY2022 start and end?
The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.
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