FY20251 Oct 2024 – 30 Sep 2025
SBA loans in Illinois, FY2025
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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 3,138 loans in Illinois: 2,835 under 7(a) and 303 under 504, worth $1.63bn.
That is up 15% on FY2024, when there were 2,737 approvals worth $1.46bn.
Illinois accounted for 3.7% of the 84,840 approvals nationwide that year. 173 lenders had at least one approval in the state; The Huntington National Bank had the most, 702.
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 FY2025, of 173 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 702 | $153M | 22.4% | 696 | +6 |
| 2 | Northeast Bank | 7(a) | 324 | $55.0M | 10.3% | 109 | +215 |
| 3 | U.S. Bank, National Association | 7(a) | 207 | $38.7M | 6.6% | 166 | +41 |
| 4 | Small Business Growth Corporation | 504 | 168 | $152M | 5.4% | 148 | +20 |
| 5 | Newtek Bank, National Association | 7(a) | 155 | $67.9M | 4.9% | 97 | +58 |
| 6 | SomerCor 504, Inc. | 504 | 114 | $148M | 3.6% | 105 | +9 |
| 7 | Byline Bank | 7(a) | 99 | $137M | 3.2% | 90 | +9 |
| 8 | JPMorgan Chase Bank, National Association | 7(a) | 97 | $29.9M | 3.1% | 132 | -35 |
| 9 | Readycap Lending, LLC | 7(a) | 86 | $27.0M | 2.7% | 97 | -11 |
| 10 | Lendistry SBLC, LLC | 7(a) | 78 | $17.9M | 2.5% | 23 | +55 |
| 11 | Live Oak Banking Company | 7(a) | 64 | $66.1M | 2.0% | 34 | +30 |
| 12 | BayFirst National Bank | 7(a) | 61 | $10.5M | 1.9% | 115 | -54 |
| 13 | Fifth Third Bank | 7(a) | 48 | $16.2M | 1.5% | 23 | +25 |
| 14 | Village Bank and Trust, National Association | 7(a) | 39 | $24.3M | 1.2% | 23 | +16 |
| 15 | Celtic Bank Corporation | 7(a) | 39 | $12.2M | 1.2% | 27 | +12 |
| 16 | PNC Bank, National Association | 7(a) | 32 | $10.8M | 1.0% | 37 | -5 |
| 17 | Harvest Small Business Finance, LLC | 7(a) | 29 | $25.1M | 0.9% | 11 | +18 |
| 18 | Bank of Springfield | 7(a) | 29 | $7.4M | 0.9% | 32 | -3 |
| 19 | Bank of America, National Association | 7(a) | 25 | $9.2M | 0.8% | 38 | -13 |
| 20 | Merchants Bank of Indiana | 7(a) | 22 | $36.7M | 0.7% | 14 | +8 |
| 21 | Old National Bank | 7(a) | 22 | $21.3M | 0.7% | 33 | -11 |
| 22 | FWBank | 7(a) | 21 | $28.5M | 0.7% | 10 | +11 |
| 23 | Centerstone SBA Lending, Inc. | 7(a) | 19 | $22.0M | 0.6% | 9 | +10 |
| 24 | Hinsdale Bank & Trust Company, National Association | 7(a) | 19 | $8.8M | 0.6% | 6 | +13 |
| 25 | Midland States Bank | 7(a) | 19 | $5.6M | 0.6% | 18 | +1 |
| 26 | St. Charles Bank & Trust Company, National Association | 7(a) | 18 | $11.2M | 0.6% | 25 | -7 |
| 27 | First American Bank | 7(a) | 17 | $17.8M | 0.5% | 16 | +1 |
| 28 | Busey Bank | 7(a) | 17 | $17.2M | 0.5% | 20 | -3 |
| 29 | Pan American Bank & Trust | 7(a) | 17 | $10.8M | 0.5% | 14 | +3 |
| 30 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 17 | $9.4M | 0.5% | 14 | +3 |
| 31 | United Midwest Savings Bank National Association | 7(a) | 17 | $6.9M | 0.5% | 23 | -6 |
| 32 | First Bank of the Lake | 7(a) | 17 | $6.8M | 0.5% | 20 | -3 |
| 33 | VelocitySBA, LLC | 7(a) | 16 | $16.1M | 0.5% | 17 | -1 |
| 34 | Associated Bank National Association | 7(a) | 15 | $10.1M | 0.5% | 5 | +10 |
| 35 | Heritage Bank Inc | 7(a) | 13 | $5.6M | 0.4% | 6 | +7 |
| 36 | Barrington Bank & Trust Company, National Association | 7(a) | 12 | $8.6M | 0.4% | 13 | -1 |
| 37 | Peoples Bank & Trust | 7(a) | 12 | $5.4M | 0.4% | 13 | -1 |
| 38 | Union National Bank | 7(a) | 12 | $3.2M | 0.4% | 17 | -5 |
| 39 | GBank | 7(a) | 10 | $30.9M | 0.3% | 13 | -3 |
| 40 | Wintrust Bank National Association | 7(a) | 10 | $15.7M | 0.3% | 5 | +5 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2024 | Change |
|---|---|---|---|---|---|---|
| 1 | Cook County | 1,524 | $742M | 48.6% | 1,320 | +204 |
| 2 | DuPage County | 402 | $226M | 12.8% | 336 | +66 |
| 3 | Lake County | 205 | $103M | 6.5% | 193 | +12 |
| 4 | Will County | 196 | $91.3M | 6.2% | 178 | +18 |
| 5 | Kane County | 173 | $96.1M | 5.5% | 134 | +39 |
| 6 | McHenry County | 100 | $54.8M | 3.2% | 96 | +4 |
| 7 | Winnebago County | 52 | $32.5M | 1.7% | 49 | +3 |
| 8 | Sangamon County | 46 | $14.6M | 1.5% | 36 | +10 |
| 9 | Madison County | 44 | $22.3M | 1.4% | 39 | +5 |
| 10 | Champaign County | 36 | $12.5M | 1.1% | 26 | +10 |
| 11 | St. Clair County | 34 | $22.6M | 1.1% | 22 | +12 |
| 12 | Kendall County | 30 | $6.0M | 1.0% | 37 | -7 |
| 13 | Peoria County | 23 | $18.3M | 0.7% | 9 | +14 |
| 14 | McLean County | 18 | $9.8M | 0.6% | 16 | +2 |
| 15 | Tazewell County | 17 | $12.4M | 0.5% | 13 | +4 |
| 16 | Kankakee County | 16 | $6.9M | 0.5% | 11 | +5 |
| 17 | LaSalle County | 15 | $10.8M | 0.5% | 12 | +3 |
| 18 | Rock Island County | 13 | $7.6M | 0.4% | 7 | +6 |
| 19 | DeKalb County | 13 | $16.6M | 0.4% | 18 | -5 |
| 20 | Macon County | 12 | $10.2M | 0.4% | 18 | -6 |
| 21 | Grundy County | 11 | $11.2M | 0.4% | 8 | +3 |
| 22 | Vermilion County | 9 | $8.2M | 0.3% | 13 | -4 |
| 23 | Henry County | 9 | $9.8M | 0.3% | 5 | +4 |
| 24 | Monroe County | 9 | $8.6M | 0.3% | 8 | +1 |
| 25 | Boone County | 8 | $1.9M | 0.3% | 3 | +5 |
| 26 | Ogle County | 8 | $2.8M | 0.3% | 4 | +4 |
| 27 | Stephenson County | 8 | $2.1M | 0.3% | 3 | +5 |
| 28 | Macoupin County | 7 | $2.0M | 0.2% | 2 | +5 |
| 29 | Williamson County | 7 | $2.0M | 0.2% | 12 | -5 |
| 30 | Christian County | 6 | $1.4M | 0.2% | 6 | 0 |
| 31 | Knox County | 6 | $3.5M | 0.2% | 1 | +5 |
| 32 | Montgomery County | 6 | $4.0M | 0.2% | 2 | +4 |
| 33 | Marion County | 5 | $5.0M | 0.2% | 0 | new |
| 34 | Logan County | 5 | $2.7M | 0.2% | 1 | +4 |
| 35 | Effingham County | 4 | $5.5M | 0.1% | 7 | -3 |
| 36 | Whiteside County | 4 | $2.2M | 0.1% | 2 | +2 |
| 37 | Lee County | 4 | $1.7M | 0.1% | 7 | -3 |
| 38 | Jefferson County | 3 | $3.3M | 0.1% | 7 | -4 |
| 39 | Moultrie County | 3 | $7.4M | 0.1% | 0 | new |
| 40 | Saline County | 3 | $439K | 0.1% | 0 | new |
The 40 counties with the most approvals; every county is on the Illinois page.
FY2025 against FY2024
| Illinois | FY2025 | FY2024 |
|---|---|---|
| 7(a) approvals | 2,835 | 2,469 |
| 7(a) dollars | $1.31bn | $1.17bn |
| Median 7(a) approval | $165K | $150K |
| 504 approvals | 303 | 268 |
| 504 dollars | $321M | $290M |
| Jobs supported, as reported | 31,496 | 30,343 |
Questions and answers
Which lenders made the most SBA loans in Illinois in FY2025?
The Huntington National Bank (702), Northeast Bank (324), U.S. Bank, National Association (207), Small Business Growth Corporation (168), Newtek Bank, National Association (155). 173 lenders had at least one approval.
How many SBA loans were approved in Illinois in FY2025?
3,138: 2,835 under 7(a) worth $1.31bn and 303 under 504 worth $321M.
Which Illinois counties had the most SBA approvals in FY2025?
Cook County (1,524), DuPage County (402), Lake County (205), Will County (196), Kane County (173).
When does FY2025 start and end?
The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.
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