SBA lender profile
Bank of Springfield
Bank of Springfield appears in the public SBA loan data with 221 funded 7(a) loans totaling $72.3M, an average of $327K per loan, and an estimated 1,509 jobs supported. Its SBA lending concentrates in Illinois and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 1.4%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
221
Total volume
$72.3M
Average loan size
$327K
Charge-off rate
1.4%
Share of funded loans charged off
Jobs supported (reported)
1,509
Programs
7(a)
Bank profile
via FDIC- Total assets
- $1.9B
- Headquarters
- Springfield, IL
- FDIC cert
- #19506
- Status
- Active
Where Bank of Springfield lends
Top states by funded SBA volume.
What Bank of Springfield funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 22 | $13.2M |
| Professional and Technical Services | 18 | $10.5M |
| Accommodation and Food Services | 27 | $9.8M |
| Construction | 27 | $8.7M |
| Arts, Entertainment, Recreation | 14 | $5.3M |
| Other Services | 28 | $4.5M |
Bank of Springfield SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 23 | $7.8M |
| 2021 | 32 | $14.4M |
| 2022 | 38 | $6.2M |
| 2023 | 39 | $11.6M |
| 2024 | 43 | $13.9M |
| 2025 | 37 | $17.2M |
| 2026 | 9 | $1.1M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Bank of Springfield's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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