SBA lending by metro area
SBA lenders in Effingham, IL
Which lenders fund Effingham-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 Effingham area
Ranked by SBA volume funded to businesses located in the Effingham micropolitan 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 | Peoples Bank & Trust | 10 | $8.6M | $856K | not reported |
| 2 | Small Business Growth Corporation | 8 | $8.4M | $1.1M | not reported |
| 3 | SomerCor 504, Inc. | 5 | $4.0M | $804K | not reported |
| 4 | First Mid Bank & Trust, National Association | 16 | $2.5M | $153K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
Ready to talk to Effingham-area SBA lenders?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
How Effingham compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Effingham area | $414K ▲ 85.7% | 17.3% ▲ 1.7 pts |
| Illinois | $223K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Effingham
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 13 | $16.8M |
| Transportation and Warehousing | 13 | $11.5M |
| Accommodation and Food Services | 14 | $9.5M |
| Retail Trade | 10 | $7.9M |
| Construction | 5 | $1.7M |
| Administrative and Support | 6 | $1.1M |
SBA lending in Effingham by year
Geography, precisely
"Effingham area" here means the Effingham, IL micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Cumberland County, IL; Effingham 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.