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SBA lenders in Champaign, IL

SBA 7(a) and 504 loans to businesses in Champaign (Champaign County), October 2021 to June 30, 2026 · Updated October 15, 2026
66
SBA loans approved
$37.6M
Total approved
$314,250
Median loan
24
Lenders active
24%
To startups

66 SBA loans worth $37.6M went to businesses in Champaign, IL between October 2021 and June 2026, from 24 lenders. Northeast Bank made the most, 8 loans. The median loan was $314,250, compared with $231,000 across Illinois, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Champaign

#LenderLoansApprovedMedian loanTo startups
1Northeast Bank
Bank · Portland, ME
8$1.5M$187,5000%
2Small Business Growth
Certified development company · Springfield, IL
7$10.5M$1,162,0000%
3Bank of Springfield
Bank · Springfield, IL
7$1.3M$150,0000%
4Busey Bank
Bank · Champaign, IL
6$5.5M$663,50033%
5Huntington National Bank
Bank · Columbus, OH
6$1.5M$64,00067%
6CIBM Bank
Bank · Champaign, IL
4$1.0M$239,25025%
7Newtek Bank
Bank · Miami, FL
3$1.1M$350,00067%
8Lendistry SBLC
Non-bank lender · Los Angeles, CA
3$682K$300,0000%
9Morton Community Bank
Bank · Morton, IL
3$625K$75,0000%
10Lake Elmo Bank
Bank · Lake Elmo, MN
2$3.2M$1,578,3000%
11United Midwest Savings Bank
Bank · Degraff, OH
2$1.9M$960,000100%
12Byline Bank
Bank · Chicago, IL
2$1.3M$640,00050%
13BayFirst National Bank
Bank · St. Petersburg, FL
2$300K$150,0000%
14Millennium Bank
Bank · Des Plaines, IL
1$4.2M$4,174,2000%
15Centerstone SBA Lending
Non-bank lender · Los Angeles, CA
1$618K$618,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Champaign. For 504 loans the lender shown is the certified development company.

What gets financed in Champaign

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels11
17%
$644,000Huntington National Bank
Construction9
14%
$330,000Northeast Bank
Health care and social assistance8
12%
$737,500Busey Bank
Other services (repair, personal care)6
9%
$212,000Northeast Bank
Professional and technical services6
9%
$283,150Small Business Growth
Real estate and rental5
8%
$150,000Lake Elmo Bank
Retail5
8%
$124,100Morton Community Bank
Manufacturing4
6%
$55,000Bank of Springfield
Loan size mix
  • Under $150,00030%
  • $150,000 to $500,00041%
  • $500,000 to $2 million20%
  • $2 million and up9%
Compared with Illinois
Median loan, Champaign
$314,250
Median loan, Illinois
$231,000
Startup share, Champaign
24%
Startup share, Illinois
27%
Share of state's SBA loans
0.6%

SBA loans per fiscal year in Champaign

071320FY14: 19 loansFY1419FY15: 14 loansFY15FY16: 10 loansFY16FY17: 10 loansFY17FY18: 7 loansFY18FY19: 14 loansFY19FY20: 9 loansFY20FY21: 15 loansFY21FY22: 10 loansFY22FY23: 19 loansFY23FY24: 13 loansFY24FY25: 16 loansFY25FY26 (Oct to Jun): 8 loansFY268
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.