SBA lending by metro area
SBA lenders in Peoria, IL
Which lenders fund Peoria-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 Peoria area
Ranked by SBA volume funded to businesses located in the Peoria 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 | 73 | $42.8M | $586K | not reported |
| 2 | SomerCor 504, Inc. | 25 | $30.5M | $1.2M | not reported |
| 3 | Morton Community Bank | 108 | $23.5M | $218K | 1.85% |
| 4 | Live Oak Banking Company | 11 | $17.1M | $1.6M | not reported |
| 5 | Illinois Business Financial Services | 26 | $16.9M | $649K | not reported |
| 6 | GBank | 7 | $16.4M | $2.3M | not reported |
| 7 | Byline Bank | 14 | $14.4M | $1.0M | not reported |
| 8 | Busey Bank | 18 | $14.3M | $794K | not reported |
| 9 | Heartland Bank and Trust Company | 64 | $11.5M | $180K | 3.12% |
| 10 | Columbia Bank | 9 | $11.1M | $1.2M | 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 Peoria compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Peoria area | $200K ▼ 10.3% | 19.9% ▲ 4.2 pts |
| Illinois | $223K | 15.7% |
| United States | $179K | 11.2% |
What gets funded in Peoria
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 135 | $103.9M |
| Retail Trade | 103 | $61.1M |
| Manufacturing | 61 | $37.5M |
| Health Care and Social Assistance | 71 | $29.7M |
| Other Services | 56 | $19.0M |
| Wholesale Trade | 25 | $18.2M |
| Real Estate | 14 | $16.7M |
| Professional and Technical Services | 49 | $12.2M |
SBA lending in Peoria by year
Geography, precisely
"Peoria area" here means the Peoria, IL metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Marshall County, IL; Peoria County, IL; Stark County, IL; Tazewell County, IL; Woodford 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.