SBA lender profile
Better Banks
Better Banks appears in the public SBA loan data with 7 funded 7(a) loans since FY2010, totaling $869K, an average of $124K per loan, and an estimated 63 jobs supported. Its SBA lending concentrates in Illinois and the Health Care and Social Assistance sector. With only 7 7(a) loans in the data, the sample is too small to read a charge-off rate as a track record.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
Is Better Banks the right lender for you?
Better Banks appears in the SBA record with 7 funded loans since FY2010, too few to read as a lending pattern. That is not a mark against the institution, but it does mean the record cannot tell you whether it lends to businesses like yours. Lenders with a deeper track record in your state and industry can.
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
- $426M
- Headquarters
- Peoria, IL
- FDIC cert
- #1808
- Status
- Active
Where Better Banks lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Illinois | 7 | $869K |
What Better Banks funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Health Care and Social Assistance | 3 | $369K |
| Construction | 2 | $350K |
| Other Services | 1 | $125K |
| Accommodation and Food Services | 1 | $25K |
Better Banks SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 1 | $127K |
| 2012 | 2 | $135K |
| 2014 | 2 | $242K |
| 2015 | 1 | $125K |
| 2024 | 1 | $240K |
Related SBA lenders
Other lenders active in Illinois or in Health Care and Social Assistance.
Comparing lenders? See how to choose an SBA lender by track record.
Better Banks: frequently asked questions
Does Better Banks offer SBA loans?
Yes. Better Banks appears in the public SBA data with 7 funded SBA 7(a) loans totaling $869K.
How many SBA loans has Better Banks made?
Better Banks is associated with 7 SBA 7(a) loans totaling $869K in the public SBA data (as of 2026-03-31).
What is Better Banks's SBA charge-off rate?
Better Banks appears with only 7 7(a) loans in the data, too few for a charge-off rate to be meaningful as a track record. The SBA Lender Score treats fewer than 20 loans as insufficient data for the same reason; see our methodology.
Where does Better Banks do most of its SBA lending?
Better Banks's SBA lending in the data is most concentrated in Illinois, and by industry in Health Care and Social Assistance.
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). Better Banks SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/better-banks/
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