SBA lending by district
SBA lending in IL-08
SBA 7(a) and 504 financing in Illinois's 8th district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 2,339
- Total funded
- $1.1B
- Average loan
- $459K
- 7(a) charge-off
- 4.9%
Borrowers in Illinois's 8th district took 2,339 SBA loans worth $1.1B since FY2010, averaging $459K. Of the 1,988 7(a) loans, 4.9% have charged off. See the rest of Illinois.
SBA funded volume by fiscal year
Top SBA lenders in IL-08
- 1. Byline Bank $154.0M
- 2. Small Business Growth Corporation $149.3M
- 3. SomerCor 504, Inc. $97.4M
- 4. The Huntington National Bank $49.8M
- 5. JPMorgan Chase Bank, National Association $49.4M
- 6. U.S. Bank, National Association $46.1M
- 7. Village Bank and Trust, National Association $37.6M
- 8. Live Oak Banking Company $36.2M
- 9. CenTrust Bank, A Division of SmartBiz Bank National Association $22.2M
- 10. Millennium Bank $21.7M
Method. SBA 7(a) and 504 loans the SBA recorded in IL-08,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.