SBA 7(a) lenders in Woodford, IL
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
20 institutions have SBA 7(a) loans on record in Woodford, together $7.8M across 45 loans. Morton Community Bank is the largest, with 26% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Morton Community Bank | 11 | $2.0M | 25.6% | 0.00% |
| 2 | Byline Bank | 1 | $1.1M | 14.7% | 0.00% |
| 3 | Northeast Bank | 3 | $901K | 11.5% | 0.00% |
| 4 | Heartland Bank and Trust Company | 6 | $864K | 11.1% | 0.00% |
| 5 | U.S. Bank, National Association | 6 | $622K | 8.0% | 0.00% |
| 6 | First Financial Bank, National Association | 1 | $500K | 6.4% | 0.00% |
| 7 | Newtek Small Business Finance, Inc. | 1 | $400K | 5.1% | 0.00% |
| 8 | CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | $350K | 4.5% | 0.00% |
| 9 | Banc of California | 1 | $180K | 2.3% | 0.00% |
| 10 | First Mid Bank & Trust, National Association | 2 | $177K | 2.3% | 0.00% |
| 11 | PNC Bank, National Association | 2 | $167K | 2.1% | 0.00% |
| 12 | Newtek Bank, National Association | 1 | $120K | 1.5% | 0.00% |
| 13 | Bank of America, National Association | 1 | $100K | 1.3% | 90.32% |
| 14 | Busey Bank | 1 | $80K | 1.0% | 0.00% |
| 15 | Commerce Bank | 1 | $69K | 0.9% | 0.00% |
| 16 | VelocitySBA, LLC | 2 | $28K | 0.4% | 0.00% |
| 17 | Columbia Bank | 1 | $25K | 0.3% | 0.00% |
| 18 | JPMorgan Chase Bank, National Association | 1 | $25K | 0.3% | 0.00% |
| 19 | Bank of Hope | 1 | $25K | 0.3% | 0.00% |
| 20 | Wells Fargo Bank National Association | 1 | $25K | 0.3% | 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 | Retail trade | 9 | $2.5M | 31.8% |
| 2 | Construction | 6 | $1.2M | 15.8% |
| 3 | Retail trade | 8 | $747K | 9.6% |
| 4 | Accommodation & food services | 3 | $711K | 9.1% |
| 5 | Finance & insurance | 2 | $700K | 9.0% |
| 6 | Real estate & leasing | 1 | $500K | 6.4% |
| 7 | Health care & social assistance | 5 | $495K | 6.3% |
| 8 | Wholesale trade | 4 | $475K | 6.1% |
| 9 | Transportation & warehousing | 2 | $177K | 2.3% |
| 10 | Other services | 2 | $121K | 1.5% |
| 11 | Manufacturing | 1 | $80K | 1.0% |
| 12 | Arts, entertainment & recreation | 1 | $50K | 0.6% |
| 13 | Professional & technical services | 1 | $39K | 0.5% |
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.