Independent reference built on public SBA FOIA loan data. Not affiliated with the U.S. Small Business Administration.

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SBA lending by state

SBA Lending in Illinois

In Illinois, SBA lenders funded 18,751 7(a) and 504 loans totaling $11.4B, an average of $608K per loan. The most active lender is Small Business Growth Corporation, and the most-funded industry is Accommodation and Food Services.

By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31

Funded loans
18,751
Total volume
$11.4B
Average loan size
$608K

Most active SBA lenders in Illinois

LenderLoansTotal volume
Small Business Growth Corporation 3,019 $2.3B
SomerCor 504, Inc. 1,993 $1.6B
Byline Bank 644 $791.7M
The Huntington National Bank 3,221 $669.4M
Live Oak Banking Company 256 $350.4M
Millennium Bank 133 $276.2M
Rockford Local Development Corporation 251 $178.2M
U.S. Bank, National Association 927 $172.1M

Top industries funded in Illinois

IndustryLoansTotal volume
Accommodation and Food Services 2,665 $2.2B
Manufacturing 1,816 $1.6B
Retail Trade 1,932 $1.4B
Health Care and Social Assistance 1,747 $941.2M
Other Services 1,838 $933.0M
Transportation and Warehousing 1,816 $754.3M
Wholesale Trade 916 $719.9M
Professional and Technical Services 1,580 $700.9M

SBA lending in Illinois by year

Fiscal yearLoansTotal volume
2010375$215.0M
2011409$272.7M
2012541$441.0M
2013386$268.5M
2014315$215.2M
2015300$192.7M
2016323$222.7M
2017333$254.9M
2018297$196.7M
2019266$206.3M
20201,774$1.1B
20212,154$1.5B
20222,128$1.4B
20232,256$1.3B
20242,735$1.5B
20253,140$1.6B
20261,019$608.8M
Sources and disclaimer. Figures are computed from the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our methodology. SBA Loan Index is not affiliated with the SBA and is not a lender, broker, or financial advisor.

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