SBA lender profile
CoVantage CU
CoVantage CU appears in the public SBA loan data with 2 funded 7(a) loans totaling $270K, an average of $135K per loan, and an estimated 10 jobs supported. Its SBA lending concentrates in Illinois and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
2
Total volume
$270K
Average loan size
$135K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
10
Programs
7(a)
Where CoVantage CU lends
Top states by funded SBA volume.
What CoVantage CU funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 1 | $175K |
| Manufacturing | 1 | $95K |
CoVantage CU SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 1 | $175K |
| 2026 | 1 | $95K |
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 CoVantage CU'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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