SBA lending by district
SBA lending in IL-16
SBA 7(a) and 504 financing in Illinois's 16th 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
- 1,411
- Total funded
- $688.9M
- Average loan
- $488K
- 7(a) charge-off
- 4.4%
Borrowers in Illinois's 16th district took 1,411 SBA loans worth $688.9M since FY2010, averaging $488K. Of the 1,156 7(a) loans, 4.4% have charged off. See the rest of Illinois.
SBA funded volume by fiscal year
Top SBA lenders in IL-16
- 1. Rockford Local Development Corporation $116.1M
- 2. UMB Bank, National Association $74.5M
- 3. Midland States Bank $54.1M
- 4. Byline Bank $39.1M
- 5. Small Business Growth Corporation $33.6M
- 6. St. Charles Bank & Trust Company, National Association $28.9M
- 7. The Huntington National Bank $21.5M
- 8. U.S. Bank, National Association $20.4M
- 9. First Mid Bank & Trust, National Association $20.0M
- 10. Millennium Bank $17.4M
Method. SBA 7(a) and 504 loans the SBA recorded in IL-16,
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.