SBA 7(a) lenders in Mcdonough, IL
Approvals in SBA fiscal years 2010–2025. Source data as of 2026-06-30.
Lenders
13 institutions have SBA 7(a) loans on record in Mcdonough, together $10.8M across 22 loans. Live Oak Banking Company is the largest, with 33% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 1 | $3.6M | 33.0% | 0.00% |
| 2 | Morton Community Bank | 4 | $2.2M | 20.5% | 0.00% |
| 3 | Byline Bank | 2 | $1.3M | 12.2% | 0.00% |
| 4 | GBank | 1 | $1.1M | 10.5% | 0.00% |
| 5 | MidAmerica National Bank | 3 | $670K | 6.2% | 0.00% |
| 6 | The Huntington National Bank | 2 | $572K | 5.3% | 0.00% |
| 7 | First Bankers Trust Company National Association | 1 | $450K | 4.2% | 0.00% |
| 8 | Vermont State Bank | 2 | $313K | 2.9% | 0.00% |
| 9 | Village Bank and Trust, National Association | 1 | $175K | 1.6% | 0.00% |
| 10 | Quad City Bank and Trust Company | 1 | $160K | 1.5% | 0.00% |
| 11 | United Community Bank | 1 | $150K | 1.4% | 0.00% |
| 12 | First Mid Bank & Trust, National Association | 2 | $52K | 0.5% | 0.00% |
| 13 | First National Bank | 1 | $40K | 0.4% | 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 | Real estate & leasing | 3 | $3.6M | 33.5% |
| 2 | Accommodation & food services | 4 | $2.1M | 19.1% |
| 3 | Construction | 3 | $2.0M | 18.6% |
| 4 | Retail trade | 5 | $1.1M | 10.6% |
| 5 | Retail trade | 3 | $1.1M | 10.0% |
| 6 | Health care & social assistance | 1 | $411K | 3.8% |
| 7 | Other services | 2 | $335K | 3.1% |
| 8 | Professional & technical services | 1 | $150K | 1.4% |
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.