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SBA lenders in Peoria, IL

SBA 7(a) and 504 loans to businesses in Peoria (Peoria County), October 2021 to June 30, 2026 · Updated October 15, 2026
55
SBA loans approved
$53.7M
Total approved
$354,200
Median loan
32
Lenders active
42%
To startups

55 SBA loans worth $53.7M went to businesses in Peoria, IL between October 2021 and June 2026, from 32 lenders. Huntington National Bank made the most, 5 loans. The median loan was $354,200, compared with $231,000 across Illinois, and restaurants and hotels was the most financed industry.

Most active SBA lenders in Peoria

#LenderLoansApprovedMedian loanTo startups
1Huntington National Bank
Bank · Columbus, OH
5$1.4M$229,00080%
2Morton Community Bank
Bank · Morton, IL
5$331K$58,50060%
3SomerCor 504
Certified development company · Chicago, IL
4$5.6M$1,331,00050%
4Northeast Bank
Bank · Portland, ME
4$321K$87,6500%
5Busey Bank
Bank · Champaign, IL
3$5.2M$1,374,2000%
6GBank
Bank · Las Vegas, NV
2$6.9M$3,472,00050%
7Fortress Bank
Bank · Peoria, IL
2$4.0M$2,000,0000%
8Millennium Bank
Bank · Des Plaines, IL
2$2.5M$1,230,6500%
9U.S. Bank
Bank · Cincinnati, OH
2$2.3M$1,166,45050%
10Midland States Bank
Bank · Effingham, IL
2$705K$352,3000%
11Newtek Bank
Bank · Miami, FL
2$350K$175,0000%
12PNC Bank
Bank · Wilmington, DE
2$65K$32,5000%
13Shoreham Bank
Bank · Warwick, RI
1$5.0M$5,000,000100%
14Primis Bank
Bank · Tappahannock, VA
1$3.7M$3,725,000100%
15Global One Bank
Bank · Houston, TX
1$2.8M$2,800,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Peoria. For 504 loans the lender shown is the certified development company.

What gets financed in Peoria

IndustryLoansShareMedian loanMost active lender
Restaurants and hotels22
40%
$525,000Huntington National Bank
Health care and social assistance8
15%
$493,500JPMorgan Chase Bank
Retail6
11%
$400,000Morton Community Bank
Arts, entertainment and recreation5
9%
$758,000Huntington National Bank
Manufacturing3
5%
$61,900Truliant FCU
Other services (repair, personal care)3
5%
$50,000PNC Bank
Construction2
4%
$308,000U.S. Bank
Transportation and warehousing2
4%
$1,082,500Northeast Bank
Loan size mix
  • Under $150,00029%
  • $150,000 to $500,00025%
  • $500,000 to $2 million24%
  • $2 million and up22%
Compared with Illinois
Median loan, Peoria
$354,200
Median loan, Illinois
$231,000
Startup share, Peoria
42%
Startup share, Illinois
27%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Peoria

0102030FY14: 17 loansFY14FY15: 27 loansFY1527FY16: 19 loansFY16FY17: 11 loansFY17FY18: 17 loansFY18FY19: 7 loansFY19FY20: 10 loansFY20FY21: 13 loansFY21FY22: 12 loansFY22FY23: 4 loansFY23FY24: 6 loansFY24FY25: 20 loansFY25FY26 (Oct to Jun): 13 loansFY2613
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.