Rockford Local Development approved 45 SBA loans worth $38.7M between October 2021 and June 2026, ranking #591 of 2,283 SBA lenders nationally by loan count. Its median loan was $516,000, and 18% went to startups or businesses under two years old. It lent in 3 states, most often in Illinois, and its most financed industry was manufacturing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Illinois | 43 | $36.8M | $516,000 | #42 |
| Ohio | 1 | $515K | $515,000 | #198 |
| Texas | 1 | $1.4M | $1,375,000 | #460 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Manufacturing | 16 | $911,500 | |
| Restaurants and hotels | 9 | $700,000 | |
| Other services (repair, personal care) | 5 | $271,000 | |
| Construction | 4 | $402,500 | |
| Health care and social assistance | 4 | $430,500 | |
| Professional and technical services | 2 | $150,500 | |
| Administrative and support services | 1 | $99,000 | |
| Arts, entertainment and recreation | 1 | $299,000 | |
| Real estate and rental | 1 | $853,000 | |
| Retail | 1 | $185,000 |