FY2026 to date1 Oct 2025 – 30 Jun 2026
SBA loans in Illinois, FY2026
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.
So far in FY2026 (1 October 2025 to 30 Jun 2026) SBA approved 1,501 loans in Illinois: 1,317 under 7(a) and 184 under 504, worth $937M.
The fiscal year is still open, so these counts will grow with each quarterly release.
Illinois accounted for 3.3% of the 45,283 approvals nationwide that year. 145 lenders had at least one approval in the state; The Huntington National Bank had the most, 229.
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 FY2026, of 145 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7(a) | 229 | $58.7M | 15.3% | 702 | — |
| 2 | U.S. Bank, National Association | 7(a) | 127 | $31.9M | 8.5% | 207 | — |
| 3 | Small Business Growth Corporation | 504 | 118 | $145M | 7.9% | 168 | — |
| 4 | Newtek Bank, National Association | 7(a) | 118 | $26.6M | 7.9% | 155 | — |
| 5 | Northeast Bank | 7(a) | 96 | $18.3M | 6.4% | 324 | — |
| 6 | SomerCor 504, Inc. | 504 | 58 | $51.5M | 3.9% | 114 | — |
| 7 | Byline Bank | 7(a) | 57 | $68.1M | 3.8% | 99 | — |
| 8 | Live Oak Banking Company | 7(a) | 39 | $51.2M | 2.6% | 64 | — |
| 9 | Readycap Lending, LLC | 7(a) | 37 | $6.9M | 2.5% | 86 | — |
| 10 | CenTrust Bank, A Division of SmartBiz Bank National Association | 7(a) | 34 | $15.5M | 2.3% | 17 | — |
| 11 | JPMorgan Chase Bank, National Association | 7(a) | 32 | $10.4M | 2.1% | 97 | — |
| 12 | Celtic Bank Corporation | 7(a) | 24 | $3.7M | 1.6% | 39 | — |
| 13 | Fifth Third Bank | 7(a) | 21 | $4.0M | 1.4% | 48 | — |
| 14 | St. Charles Bank & Trust Company, National Association | 7(a) | 20 | $10.3M | 1.3% | 18 | — |
| 15 | Lendistry SBLC, LLC | 7(a) | 20 | $4.2M | 1.3% | 78 | — |
| 16 | Village Bank and Trust, National Association | 7(a) | 19 | $13.2M | 1.3% | 39 | — |
| 17 | Harvest Small Business Finance, LLC | 7(a) | 18 | $18.9M | 1.2% | 29 | — |
| 18 | Bank of Springfield | 7(a) | 17 | $2.4M | 1.1% | 29 | — |
| 19 | United Midwest Savings Bank National Association | 7(a) | 16 | $5.1M | 1.1% | 17 | — |
| 20 | Old National Bank | 7(a) | 15 | $25.5M | 1.0% | 22 | — |
| 21 | Bank of America, National Association | 7(a) | 12 | $8.4M | 0.8% | 25 | — |
| 22 | PNC Bank, National Association | 7(a) | 12 | $3.3M | 0.8% | 32 | — |
| 23 | TowneBank | 7(a) | 11 | $13.1M | 0.7% | 1 | — |
| 24 | Midland States Bank | 7(a) | 11 | $7.4M | 0.7% | 19 | — |
| 25 | VelocitySBA, LLC | 7(a) | 10 | $17.1M | 0.7% | 16 | — |
| 26 | First American Bank | 7(a) | 10 | $7.6M | 0.7% | 17 | — |
| 27 | Barrington Bank & Trust Company, National Association | 7(a) | 10 | $2.9M | 0.7% | 12 | — |
| 28 | First Mid Bank & Trust, National Association | 7(a) | 10 | $1.3M | 0.7% | 8 | — |
| 29 | Busey Bank | 7(a) | 9 | $11.8M | 0.6% | 17 | — |
| 30 | Wheaton Bank & Trust Company, National Association | 7(a) | 9 | $4.0M | 0.6% | 6 | — |
| 31 | Bank of Hope | 7(a) | 9 | $3.5M | 0.6% | 9 | — |
| 32 | Merchants Bank of Indiana | 7(a) | 8 | $12.3M | 0.5% | 22 | — |
| 33 | Wintrust Bank National Association | 7(a) | 8 | $5.8M | 0.5% | 10 | — |
| 34 | Hinsdale Bank & Trust Company, National Association | 7(a) | 8 | $5.6M | 0.5% | 19 | — |
| 35 | Union National Bank | 7(a) | 8 | $2.9M | 0.5% | 12 | — |
| 36 | GBank | 7(a) | 7 | $26.6M | 0.5% | 10 | — |
| 37 | Schaumburg Bank & Trust Company, National Association | 7(a) | 7 | $7.2M | 0.5% | 5 | — |
| 38 | Citizens Bank | 7(a) | 6 | $5.6M | 0.4% | 10 | — |
| 39 | CIBC Bank USA | 7(a) | 6 | $4.9M | 0.4% | 10 | — |
| 40 | First Bank of the Lake | 7(a) | 6 | $2.5M | 0.4% | 17 | — |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2025 | Change |
|---|---|---|---|---|---|---|
| 1 | Cook County | 658 | $372M | 43.8% | 1,524 | — |
| 2 | DuPage County | 200 | $139M | 13.3% | 402 | — |
| 3 | Lake County | 111 | $80.0M | 7.4% | 205 | — |
| 4 | Will County | 95 | $63.6M | 6.3% | 196 | — |
| 5 | Kane County | 88 | $50.8M | 5.9% | 173 | — |
| 6 | McHenry County | 53 | $46.5M | 3.5% | 100 | — |
| 7 | Winnebago County | 30 | $13.3M | 2.0% | 52 | — |
| 8 | Sangamon County | 27 | $11.1M | 1.8% | 46 | — |
| 9 | Kendall County | 20 | $8.9M | 1.3% | 30 | — |
| 10 | Champaign County | 18 | $6.0M | 1.2% | 36 | — |
| 11 | Madison County | 15 | $17.0M | 1.0% | 44 | — |
| 12 | St. Clair County | 14 | $6.8M | 0.9% | 34 | — |
| 13 | McLean County | 14 | $6.1M | 0.9% | 18 | — |
| 14 | Peoria County | 14 | $17.9M | 0.9% | 23 | — |
| 15 | Vermilion County | 9 | $5.4M | 0.6% | 9 | — |
| 16 | Tazewell County | 8 | $10.4M | 0.5% | 17 | — |
| 17 | Grundy County | 8 | $4.2M | 0.5% | 11 | — |
| 18 | Boone County | 8 | $2.2M | 0.5% | 8 | — |
| 19 | Rock Island County | 7 | $5.0M | 0.5% | 13 | — |
| 20 | Kankakee County | 7 | $6.9M | 0.5% | 16 | — |
| 21 | Macon County | 6 | $1.7M | 0.4% | 12 | — |
| 22 | Jefferson County | 5 | $10.0M | 0.3% | 3 | — |
| 23 | DeKalb County | 5 | $4.1M | 0.3% | 13 | — |
| 24 | Stephenson County | 5 | $8.1M | 0.3% | 8 | — |
| 25 | Effingham County | 4 | $4.5M | 0.3% | 4 | — |
| 26 | Menard County | 4 | $663K | 0.3% | 2 | — |
| 27 | LaSalle County | 4 | $2.6M | 0.3% | 15 | — |
| 28 | Morgan County | 3 | $2.1M | 0.2% | 1 | — |
| 29 | Henry County | 3 | $950K | 0.2% | 9 | — |
| 30 | Williamson County | 3 | $3.5M | 0.2% | 7 | — |
| 31 | Jackson County | 3 | $652K | 0.2% | 2 | — |
| 32 | Ogle County | 3 | $773K | 0.2% | 8 | — |
| 33 | Clinton County | 3 | $5.9M | 0.2% | 3 | — |
| 34 | Woodford County | 3 | $820K | 0.2% | 3 | — |
| 35 | Jersey County | 3 | $1.2M | 0.2% | 3 | — |
| 36 | Lee County | 3 | $1.1M | 0.2% | 4 | — |
| 37 | Shelby County | 2 | — | 0.1% | 2 | — |
| 38 | Christian County | 2 | — | 0.1% | 6 | — |
| 39 | Washington County | 2 | — | 0.1% | 1 | — |
| 40 | Macoupin County | 2 | — | 0.1% | 7 | — |
The 40 counties with the most approvals; every county is on the Illinois page.
FY2026 against FY2025
| Illinois | FY2026 to date | FY2025 |
|---|---|---|
| 7(a) approvals | 1,317 | 2,835 |
| 7(a) dollars | $733M | $1.31bn |
| Median 7(a) approval | $200K | $165K |
| 504 approvals | 184 | 303 |
| 504 dollars | $204M | $321M |
| Jobs supported, as reported | 16,390 | 31,496 |
Questions and answers
Which lenders made the most SBA loans in Illinois in FY2026?
The Huntington National Bank (229), U.S. Bank, National Association (127), Small Business Growth Corporation (118), Newtek Bank, National Association (118), Northeast Bank (96). 145 lenders had at least one approval.
How many SBA loans were approved in Illinois in FY2026?
1,501 to 30 Jun 2026: 1,317 under 7(a) worth $733M and 184 under 504 worth $204M.
Which Illinois counties had the most SBA approvals in FY2026?
Cook County (658), DuPage County (200), Lake County (111), Will County (95), Kane County (88).
When does FY2026 start and end?
The federal fiscal year 2026 runs from 1 October 2025 to 30 September 2026. The files used here stop at 30 Jun 2026.
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