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

SBA Loan Index
Subscribe
Lender Finder Tools States Industries Trends Research Guides

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.

All states