SBA 7(a) lenders in Montgomery, IL
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
22 institutions have SBA 7(a) loans on record in Montgomery, together $16.2M across 32 loans. American Bank of Freedom is the largest, with 26% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | American Bank of Freedom | 2 | $4.3M | 26.3% | 0.00% |
| 2 | The First National Bank of Litchfield | 1 | $1.9M | 11.7% | 0.00% |
| 3 | The Litchfield National Bank | 4 | $1.8M | 11.1% | 0.00% |
| 4 | Bank of Hope | 1 | $1.5M | 9.1% | 69.05% |
| 5 | Byline Bank | 1 | $1.2M | 7.3% | 0.00% |
| 6 | Heartland Bank and Trust Company | 2 | $1.0M | 6.3% | 0.00% |
| 7 | Live Oak Banking Company | 1 | $660K | 4.1% | 0.00% |
| 8 | INB, National Association | 4 | $525K | 3.2% | 0.00% |
| 9 | Northeast Bank | 2 | $500K | 3.1% | 0.00% |
| 10 | Bank of Belleville | 1 | $420K | 2.6% | 0.00% |
| 11 | Kendall Bank | 1 | $350K | 2.2% | 0.00% |
| 12 | First National Bank of Pana | 1 | $326K | 2.0% | 0.00% |
| 13 | Busey Bank | 1 | $306K | 1.9% | 0.00% |
| 14 | Lendistry SBLC, LLC | 1 | $300K | 1.9% | 0.00% |
| 15 | Citizens Bank | 1 | $257K | 1.6% | 0.00% |
| 16 | Milestone Bank | 1 | $231K | 1.4% | 109.58% |
| 17 | Bank and Trust Company | 1 | $181K | 1.1% | 0.00% |
| 18 | Simmons Bank | 1 | $160K | 1.0% | 0.00% |
| 19 | Constitution Bank National Association | 1 | $119K | 0.7% | 0.00% |
| 20 | United Community Bank | 2 | $100K | 0.6% | 0.00% |
| 21 | Optus Bank | 1 | $100K | 0.6% | 90.92% |
| 22 | U.S. Bank, National Association | 1 | $25K | 0.2% | 78.98% |
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 | Wholesale trade | 2 | $4.3M | 26.3% |
| 2 | Accommodation & food services | 7 | $3.0M | 18.8% |
| 3 | Retail trade | 7 | $2.3M | 14.0% |
| 4 | Manufacturing | 2 | $2.2M | 13.9% |
| 5 | Health care & social assistance | 5 | $1.4M | 8.7% |
| 6 | Retail trade | 1 | $1.2M | 7.3% |
| 7 | Administrative & waste services | 1 | $935K | 5.8% |
| 8 | Other services | 1 | $326K | 2.0% |
| 9 | Construction | 2 | $165K | 1.0% |
| 10 | Arts, entertainment & recreation | 1 | $160K | 1.0% |
| 11 | Transportation & warehousing | 2 | $100K | 0.6% |
| 12 | Finance & insurance | 1 | $100K | 0.6% |
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.