SBA lending by metro area
SBA lenders in Bloomington, IL
Which lenders fund Bloomington-area businesses, how much, and how the market compares with Illinois: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Bloomington area
Ranked by SBA volume funded to businesses located in the Bloomington metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Small Business Growth Corporation | 57 | $38.2M | $670K | not reported |
| 2 | SomerCor 504, Inc. | 24 | $21.4M | $891K | not reported |
| 3 | Busey Bank | 18 | $19.9M | $1.1M | not reported |
| 4 | Heartland Bank and Trust Company | 70 | $17.6M | $252K | 4.29% |
| 5 | Illinois Business Financial Services | 5 | $7.2M | $1.4M | not reported |
| 6 | JPMorgan Chase Bank, National Association | 26 | $6.4M | $247K | 0.00% |
| 7 | U.S. Bank, National Association | 13 | $6.4M | $490K | not reported |
| 8 | Byline Bank | 6 | $5.4M | $897K | not reported |
| 9 | Live Oak Banking Company | 6 | $4.5M | $750K | not reported |
| 10 | Celtic Bank Corporation | 5 | $4.3M | $869K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Bloomington compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Bloomington area | $310K ▲ 39.1% | 24.4% ▲ 8.7 pts |
| Illinois | $223K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Bloomington
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 51 | $51.2M |
| Retail Trade | 56 | $35.5M |
| Arts, Entertainment, Recreation | 24 | $21.9M |
| Other Services | 31 | $18.0M |
| Health Care and Social Assistance | 44 | $16.9M |
| Construction | 33 | $14.0M |
| Manufacturing | 28 | $11.4M |
| Professional and Technical Services | 28 | $6.3M |
SBA lending in Bloomington by year
Geography, precisely
"Bloomington area" here means the Bloomington, IL metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: McLean County, IL. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.