SBA 7(a) lenders in Jersey, IL
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
17 institutions have SBA 7(a) loans on record in Jersey, together $10.6M across 29 loans. First Bank of the Lake is the largest, with 41% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First Bank of the Lake | 1 | $4.3M | 40.5% | 0.00% |
| 2 | INB, National Association | 2 | $1.2M | 11.3% | 0.00% |
| 3 | First Mid Bank & Trust, National Association | 2 | $1.1M | 10.7% | 27.57% |
| 4 | United Community Bank | 2 | $995K | 9.4% | 0.00% |
| 5 | St. Louis Bank | 1 | $550K | 5.2% | 0.00% |
| 6 | Village Bank and Trust, National Association | 1 | $396K | 3.7% | 0.00% |
| 7 | Justine Petersen Housing & Reinvestment Corporation | 2 | $300K | 2.8% | 0.00% |
| 8 | BayFirst National Bank | 2 | $285K | 2.7% | 0.00% |
| 9 | Peoples National Bank National Association | 1 | $255K | 2.4% | 0.00% |
| 10 | Royal Banks of Missouri | 2 | $240K | 2.3% | 0.00% |
| 11 | The Huntington National Bank | 2 | $206K | 1.9% | 0.00% |
| 12 | Jersey State Bank | 1 | $194K | 1.8% | 0.00% |
| 13 | CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | $150K | 1.4% | 0.00% |
| 14 | Colony Bank | 1 | $148K | 1.4% | 0.00% |
| 15 | U.S. Bank, National Association | 6 | $123K | 1.2% | 0.00% |
| 16 | Bank of O'Fallon | 1 | $75K | 0.7% | 0.00% |
| 17 | Scott Credit Union | 1 | $50K | 0.5% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Manufacturing | 1 | $4.3M | 40.5% |
| 2 | Accommodation & food services | 6 | $1.6M | 15.1% |
| 3 | Construction | 6 | $1.4M | 13.3% |
| 4 | Administrative & waste services | 4 | $1.2M | 11.6% |
| 5 | Manufacturing | 2 | $744K | 7.0% |
| 6 | Retail trade | 2 | $546K | 5.1% |
| 7 | Wholesale trade | 1 | $255K | 2.4% |
| 8 | Manufacturing | 2 | $240K | 2.3% |
| 9 | Agriculture, forestry & fishing | 2 | $206K | 1.9% |
| 10 | Other services | 2 | $45K | 0.4% |
| 11 | Arts, entertainment & recreation | 1 | $18K | 0.2% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.