SBA Lending in Springfield, Illinois
Businesses in Springfield, IL have drawn 1,097 SBA 7(a) loans worth $271M, and annual volume has fallen 24% versus the prior decade.
- 1,097
- 7(a) loans
- $271M
- Approved dollars
- $246,844
- Average loan size
- #3
- Rank in Illinois
- -24%
- Annualized vs prior decade
- 7.0%
- Active-loan distress
Springfield is the #3 SBA 7(a) market in Illinois and #176 in the country. Since 1991 lenders have approved 1,097 loans here worth $271M, averaging $246,844 each. Annual approval volume has fallen 24% between FY2013-2019 and FY2020-2026. 7.0% of the active book is delinquent, past due, or in liquidation. The most-funded local business type is full-service restaurants.
What Springfield borrows for
Who lends in Springfield
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Open the interactive map ↗7(a) loans only, approved and not cancelled, gross basis, grouped by the borrower's city as filed. Distress is the current share of the active book in delinquent, past-due, or liquidation status. Approval is not funding. FOIA record as of March 31, 2026.