SBA lending by metro area
SBA lenders in Champaign, IL
Which lenders fund Champaign-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 Champaign area
Ranked by SBA volume funded to businesses located in the Champaign 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 | 51 | $40.6M | $796K | not reported |
| 2 | Busey Bank | 51 | $27.0M | $530K | 1.96% |
| 3 | Millennium Bank | 8 | $22.6M | $2.8M | not reported |
| 4 | Byline Bank | 15 | $11.9M | $793K | not reported |
| 5 | First Mid Bank & Trust, National Association | 37 | $9.6M | $261K | 16.22% |
| 6 | Live Oak Banking Company | 8 | $8.7M | $1.1M | not reported |
| 7 | SomerCor 504, Inc. | 16 | $8.3M | $521K | not reported |
| 8 | The Fisher National Bank | 13 | $3.6M | $275K | not reported |
| 9 | CIBM Bank | 8 | $3.1M | $391K | not reported |
| 10 | Northeast Bank | 15 | $3.1M | $207K | 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 Champaign compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Champaign area | $258K ▲ 15.5% | 17.1% ▲ 1.5 pts |
| Illinois | $223K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Champaign
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 95 | $84.3M |
| Professional and Technical Services | 40 | $25.2M |
| Retail Trade | 51 | $24.1M |
| Manufacturing | 33 | $19.3M |
| Health Care and Social Assistance | 43 | $15.8M |
| Construction | 39 | $15.4M |
| Real Estate | 17 | $11.5M |
| Other Services | 34 | $8.2M |
SBA lending in Champaign by year
Geography, precisely
"Champaign area" here means the Champaign-Urbana, IL metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Champaign County, IL; Ford County, IL; Piatt 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.