SBA lender profile
Verve, a Credit Union
Verve, a Credit Union appears in the public SBA loan data with 127 funded 7(a) loans since FY2010, totaling $42.1M, an average of $331K per loan, and an estimated 1,761 jobs supported. Its SBA lending concentrates in Illinois and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 0.8%. 38.6% 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 83
- Scale 54
- Activity 21
- Consistency 69
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Verve, a Credit Union the right lender for you?
Lenders fund what they know. Verve, a Credit Union's SBA lending concentrates in Illinois (60 loans) and Accommodation and Food Services (22 loans), at an average loan of $331K. If your business does not look like that, a different SBA lender is likely the better fit.
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Where Verve, a Credit Union lends
Top states by funded SBA volume.
Metro areas where Verve, a Credit Union funds
What Verve, a Credit Union funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 22 | $10.6M |
| Manufacturing | 16 | $7.6M |
| Other Services | 19 | $5.7M |
| Wholesale Trade | 13 | $4.4M |
| Arts, Entertainment, Recreation | 2 | $3.1M |
| Real Estate | 6 | $2.8M |
Verve, a Credit Union SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 15 | $9.0M |
| 2011 | 12 | $11.3M |
| 2012 | 7 | $1.6M |
| 2013 | 11 | $2.5M |
| 2014 | 25 | $5.0M |
| 2015 | 9 | $3.2M |
| 2016 | 6 | $747K |
| 2017 | 13 | $1.4M |
| 2018 | 6 | $1.3M |
| 2019 | 7 | $1.1M |
| 2020 | 3 | $1.0M |
| 2021 | 6 | $2.3M |
| 2022 | 4 | $845K |
| 2023 | 3 | $703K |
Related SBA lenders
Other lenders active in Illinois or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
Verve, a Credit Union: frequently asked questions
Does Verve, a Credit Union offer SBA loans?
Yes. Verve, a Credit Union appears in the public SBA data with 127 funded SBA 7(a) loans totaling $42.1M.
How many SBA loans has Verve, a Credit Union made?
Verve, a Credit Union is associated with 127 SBA 7(a) loans totaling $42.1M in the public SBA data (as of 2026-03-31).
What is Verve, a Credit Union's SBA charge-off rate?
About 0.8% of Verve, a Credit Union'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 Verve, a Credit Union do most of its SBA lending?
Verve, a Credit Union's SBA lending in the data is most concentrated in Illinois, and by industry in Accommodation and Food Services.
Is Verve, a Credit Union an SBA Preferred Lender (PLP)?
The loan record shows Verve, a Credit Union operating under PLP delegated authority: 49 of its 7(a) loans (38.6%) were processed through the Preferred Lenders Program. 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). Verve, a Credit Union SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/verve-a-credit-union/
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