Administrative & waste services lenders in Madison, IL
Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.
14 institutions have SBA 7(a) loans on record to this industry in Madison, IL, together $4.7M across 30 loans. Live Oak Banking Company is the largest, with 29% of approvals.
Lenders
| Rank | Lender | Loans | Approved | Share |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | 3 | $1.4M | 28.6% |
| 2 | Midwest Regional Bank | 2 | $749K | 15.9% |
| 3 | Heartland Bank and Trust Company | 3 | $469K | 9.9% |
| 4 | First Mid Bank & Trust, National Association | 4 | $408K | 8.6% |
| 5 | First National Bank of Pennsylvania | 1 | $406K | 8.6% |
| 6 | Peoples Bank & Trust | 1 | $315K | 6.7% |
| 7 | U.S. Bank, National Association | 8 | $315K | 6.7% |
| 8 | Magnifi Financial CU | 1 | $221K | 4.7% |
| 9 | Justine Petersen Housing & Reinvestment Corporation | 1 | $150K | 3.2% |
| 10 | Celtic Bank Corporation | 1 | $120K | 2.5% |
| 11 | Bank of Springfield | 1 | $100K | 2.1% |
| 12 | Commerce Bank | 2 | $60K | 1.3% |
| 13 | Newtek Bank, National Association | 1 | $50K | 1.1% |
| 14 | VelocitySBA, LLC | 1 | $10K | 0.2% |
See administrative & waste services lenders nationally
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.