136 SBA loans worth $53.8M went to businesses in Springfield, IL between October 2021 and June 2026, from 23 lenders. Bank of Springfield made the most, 52 loans. The median loan was $191,050, compared with $231,000 across Illinois, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Bank of Springfield Bank · Springfield, IL | 52 | $10.3M | $83,350 | 54% |
| 2 | Morton Community Bank Bank · Morton, IL | 12 | $2.6M | $130,000 | 50% |
| 3 | United Community Bank Bank · Chatham, IL | 9 | $3.0M | $242,300 | 44% |
| 4 | SomerCor 504 Certified development company · Chicago, IL | 8 | $7.7M | $765,000 | 38% |
| 5 | U.S. Bank Bank · Cincinnati, OH | 8 | $3.6M | $30,000 | 38% |
| 6 | Small Business Growth Certified development company · Springfield, IL | 7 | $2.5M | $307,000 | 0% |
| 7 | First Bankers Trust Company Bank · Quincy, IL | 7 | $1.6M | $200,000 | 57% |
| 8 | Peoples Bank & Trust Bank · Pana, IL | 5 | $6.3M | $450,000 | 0% |
| 9 | Newtek Bank Bank · Miami, FL | 5 | $1.0M | $250,000 | 0% |
| 10 | INB Bank · Springfield, IL | 3 | $1.2M | $256,500 | 33% |
| 11 | Huntington National Bank Bank · Columbus, OH | 3 | $578K | $82,000 | 100% |
| 12 | PNC Bank Bank · Wilmington, DE | 3 | $332K | $50,000 | 0% |
| 13 | VelocitySBA Non-bank lender · Irving, TX | 2 | $4.9M | $2,428,000 | 0% |
| 14 | Heartland Bank and Trust Bank · Bloomington, IL | 2 | $940K | $470,000 | 0% |
| 15 | Northeast Bank Bank · Portland, ME | 2 | $235K | $117,500 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 29 | $231,900 | Bank of Springfield | |
| Other services (repair, personal care) | 24 | $157,250 | Bank of Springfield | |
| Health care and social assistance | 13 | $100,000 | Bank of Springfield | |
| Retail | 12 | $112,500 | Bank of Springfield | |
| Manufacturing | 10 | $112,500 | Bank of Springfield | |
| Professional and technical services | 10 | $191,050 | Bank of Springfield | |
| Construction | 9 | $161,000 | Bank of Springfield | |
| Administrative and support services | 9 | $245,000 | Bank of Springfield |