SHANE PIERSON · SBA DATA
SBA Lending by State · Illinois

SBA Lending in Illinois

Illinois is a mid-sized SBA market concentrated in personal services, growing +3%.

64,630
Total SBA loans
$23.0B
Approved dollars
4.9
Loans per 1,000 businesses / yr
+3%
Growth, 2010s to 2020s
12.9%
Active-loan distress
#7
Rank, national volume
#39
Rank, loans per business

Every SBA 7(a) and 504 loan approved in Illinois since 1991 sits in the public federal record. Illinois accounts for 64,630 of them, worth $23.0B, split 55,000 under 7(a) and 9,630 under 504. Roughly 11% of 7(a) went to startups and new businesses.

Top industries funded in Illinois

  • Retail7,163 loans · $2.2B
  • Personal Services5,857 loans · $1.6B
  • Food & Lodging5,695 loans · $2.8B
  • Other5,147 loans · $974M
  • Professional Services4,842 loans · $1.1B
  • Construction4,695 loans · $932M

Program mix

55,000
7(a) loans
9,630
504 loans
11%
To startups & new businesses
89%
To existing businesses
See Illinois on the interactive map

Drill Illinois to the zip-code level, see its top lenders, and shade it by growth, dollars, or distress.

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Loan counts and dollars cover SBA 7(a) and 504, approved and not cancelled, gross basis. Growth, distress, per-business rates, industries, and startup share describe the 7(a) book. Approval is not funding. FOIA record as of March 31, 2026.