SBA lending by metro area
SBA lenders in Freeport, IL
Which lenders fund Freeport-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 Freeport area
Ranked by SBA volume funded to businesses located in the Freeport 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 | Rockford Local Development Corporation | 12 | $6.9M | $579K | not reported |
| 2 | Foresight Bank | 7 | $3.2M | $464K | not reported |
| 3 | UMB Bank, National Association | 9 | $2.0M | $226K | not reported |
| 4 | U.S. Bank, National Association | 17 | $1.1M | $63K | 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 Freeport compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Freeport area | $251K ▲ 12.6% | 21.4% ▲ 5.8 pts |
| Illinois | $223K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Freeport
| Industry | Loans | Total funded |
|---|---|---|
| Construction | 15 | $8.7M |
| Accommodation and Food Services | 9 | $8.2M |
| Manufacturing | 8 | $6.5M |
| Other Services | 9 | $4.4M |
| Retail Trade | 8 | $3.9M |
| Arts, Entertainment, Recreation | 5 | $1.4M |
SBA lending in Freeport by year
Geography, precisely
"Freeport area" here means the Freeport, IL micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Stephenson 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.