SBA lender profile
Bank of Springfield
Bank of Springfield appears in the public SBA loan data with 280 funded 7(a) loans since FY2010, totaling $88.1M, an average of $315K per loan, and an estimated 2,220 jobs supported. Its SBA lending concentrates in Illinois and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 2.5%. 50.7% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 75
- Scale 70
- Activity 80
- Consistency 80
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Bank of Springfield the right lender for you?
Lenders fund what they know. Bank of Springfield's SBA lending concentrates in Illinois (206 loans) and Manufacturing (27 loans), at an average loan of $315K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
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.
Metro areas where Bank of Springfield funds
What Bank of Springfield funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 27 | $14.3M |
| Accommodation and Food Services | 33 | $11.6M |
| Professional and Technical Services | 23 | $11.5M |
| Construction | 35 | $11.1M |
| Retail Trade | 33 | $6.3M |
| Arts, Entertainment, Recreation | 14 | $5.3M |
Bank of Springfield SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 12 | $6.6M |
| 2011 | 5 | $594K |
| 2012 | 8 | $1.5M |
| 2013 | 6 | $2.2M |
| 2014 | 3 | $756K |
| 2015 | 2 | $535K |
| 2016 | 4 | $947K |
| 2017 | 3 | $300K |
| 2018 | 5 | $603K |
| 2019 | 11 | $1.8M |
| 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 |
Related SBA lenders
Other lenders active in Illinois or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Bank of Springfield: frequently asked questions
Does Bank of Springfield offer SBA loans?
Yes. Bank of Springfield appears in the public SBA data with 280 funded SBA 7(a) loans totaling $88.1M.
How many SBA loans has Bank of Springfield made?
Bank of Springfield is associated with 280 SBA 7(a) loans totaling $88.1M in the public SBA data (as of 2026-03-31).
What is Bank of Springfield's SBA charge-off rate?
About 2.5% of Bank of Springfield's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Bank of Springfield do most of its SBA lending?
Bank of Springfield's SBA lending in the data is most concentrated in Illinois, and by industry in Manufacturing.
Is Bank of Springfield an SBA Preferred Lender (PLP)?
The loan record shows Bank of Springfield operating under PLP delegated authority: 142 of its 7(a) loans (50.7%) were processed through the Preferred Lenders Program, including 62 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Bank of Springfield SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/bank-of-springfield/
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