SBA lending by state
SBA Lending in Illinois
In Illinois, SBA lenders funded 36,745 7(a) and 504 loans since FY2010, totaling $18.7B, an average of $509K per loan. The most active lender is The Huntington National Bank, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Illinois
Ranked by SBA loans funded in Illinois since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Illinois loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Illinois shows “not reported,” never 0%.
See the full Illinois ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4,045 | $928.3M | $229K | 3.46% |
| 2 | JPMorgan Chase Bank, National Association | 3,888 | $583.2M | $150K | 5.27% |
| 3 | Small Business Growth Corporation | 3,019 | $2.3B | $776K | not reported |
| 4 | U.S. Bank, National Association | 2,488 | $658.0M | $264K | 4.66% |
| 5 | Byline Bank | 2,311 | $2.3B | $996K | 6.27% |
| 6 | SomerCor 504, Inc. | 2,038 | $1.6B | $801K | 2.08% |
| 7 | Village Bank and Trust, National Association | 822 | $395.0M | $481K | 3.41% |
| 8 | First Mid Bank & Trust, National Association | 647 | $160.4M | $248K | 3.55% |
| 9 | Fifth Third Bank | 616 | $205.4M | $334K | 6.01% |
| 10 | Northeast Bank | 595 | $96.6M | $162K | 1.68% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Illinois
An SBA 504 project in Illinois pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Illinois, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Small Business Growth Corporation | 3,019 | $2.3B |
| SomerCor 504, Inc. | 1,990 | $1.6B |
| Rockford Local Development Corporation | 251 | $178.2M |
| Wessex 504 Corporation | 251 | $168.2M |
| Illinois Business Financial Services | 138 | $113.9M |
| Regional Development Company | 52 | $41.1M |
| St. Charles County Economic Development Council | 13 | $14.4M |
| WBD, Inc. | 7 | $12.9M |
| Rural Missouri, Inc. | 7 | $10.9M |
| STL Partnership CDC | 7 | $4.2M |
Showing the 10 CDCs most active on 504 loans in Illinois; the full directory lists every CDC.
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Illinois
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 4,970 | $3.5B |
| Manufacturing | 3,224 | $2.5B |
| Retail Trade | 4,030 | $2.3B |
| Other Services | 3,769 | $1.7B |
| Health Care and Social Assistance | 3,450 | $1.6B |
| Wholesale Trade | 1,960 | $1.2B |
| Professional and Technical Services | 3,346 | $1.2B |
| Construction | 3,561 | $1.1B |
Top cities for SBA loans in Illinois
Where SBA 7(a) and 504 borrowers in Illinois are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Chicago | 7,544 | $3.5B |
| Naperville | 798 | $359.2M |
| Schaumburg | 589 | $327.2M |
| Elk Grove Village | 487 | $320.5M |
| Aurora | 464 | $264.3M |
| Rockford | 603 | $259.5M |
| Elgin | 449 | $253.2M |
| Springfield | 625 | $237.2M |
SBA lending by metro area in Illinois
Which lenders fund each Illinois market, with local loan sizes and industries.
- SBA lenders in Chicago, IL 31,309 loans
- SBA lenders in St. Louis, MO 7,413 loans
- SBA lenders in Rockford, IL 1,057 loans
- SBA lenders in Davenport, IA 837 loans
- SBA lenders in Peoria, IL 644 loans
- SBA lenders in Springfield, IL 777 loans
- SBA lenders in Champaign, IL 420 loans
- SBA lenders in Bloomington, IL 357 loans
- SBA lenders in Decatur, IL 308 loans
- SBA lenders in Kankakee, IL 137 loans
- SBA lenders in Ottawa, IL 132 loans
- SBA lenders in Mount Vernon, IL 219 loans
- SBA lenders in Paducah, KY 213 loans
- SBA lenders in Cape Girardeau, MO 172 loans
- SBA lenders in Danville, IL 131 loans
- SBA lenders in Marion, IL 110 loans
- SBA lenders in Effingham, IL 75 loans
- SBA lenders in Jacksonville, IL 94 loans
- SBA lenders in Freeport, IL 70 loans
- SBA lenders in Galesburg, IL 97 loans
- SBA lenders in Carbondale, IL 72 loans
- SBA lenders in Quincy, IL 93 loans
- SBA lenders in Rochelle, IL 55 loans
- SBA lenders in Centralia, IL 73 loans
- SBA lenders in Lincoln, IL 35 loans
- SBA lenders in Dixon, IL 37 loans
- SBA lenders in Sterling, IL 69 loans
- SBA lenders in Burlington, IA 48 loans
- SBA lenders in Taylorville, IL 50 loans
- SBA lenders in Charleston, IL 53 loans
SBA lending in Illinois by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 2,050 | $710.2M |
| 2011 | 2,307 | $1.0B |
| 2012 | 2,099 | $1.0B |
| 2013 | 1,895 | $934.5M |
| 2014 | 1,995 | $888.2M |
| 2015 | 2,361 | $1.0B |
| 2016 | 2,203 | $972.3M |
| 2017 | 2,244 | $1.1B |
| 2018 | 2,330 | $1.1B |
| 2019 | 2,055 | $1.0B |
| 2020 | 1,774 | $1.1B |
| 2021 | 2,154 | $1.5B |
| 2022 | 2,128 | $1.4B |
| 2023 | 2,256 | $1.3B |
| 2024 | 2,735 | $1.5B |
| 2025 | 3,140 | $1.6B |
| 2026 | 1,019 | $608.8M |
SBA lending in Illinois: frequently asked questions
How much SBA lending is there in Illinois?
SBA lenders funded 36,745 7(a) and 504 loans totaling $18.7B in Illinois in the public SBA data (as of 2026-03-31), an average of $509K per loan.
Who is the most active SBA lender in Illinois?
The Huntington National Bank is the most active SBA lender in Illinois in the public data, by loans funded.
What industries get the most SBA loans in Illinois?
The most-funded industry for SBA loans in Illinois is Accommodation and Food Services.
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