126 SBA loans worth $82.5M went to businesses in Rockford, IL between October 2021 and June 2026, from 31 lenders. Huntington National Bank made the most, 27 loans. The median loan was $201,500, compared with $231,000 across Illinois, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 27 | $4.5M | $148,500 | 67% |
| 2 | Rockford Local Development Certified development company · Rockford, IL | 17 | $12.8M | $403,000 | 12% |
| 3 | St. Charles Bank & Trust Company Bank · St. Charles, IL | 16 | $14.2M | $379,000 | 38% |
| 4 | Midland States Bank Bank · Effingham, IL | 8 | $10.1M | $340,000 | 12% |
| 5 | U.S. Bank Bank · Cincinnati, OH | 7 | $1.8M | $32,000 | 14% |
| 6 | Northeast Bank Bank · Portland, ME | 6 | $461K | $50,000 | 33% |
| 7 | Byline Bank Bank · Chicago, IL | 5 | $5.1M | $1,180,000 | 40% |
| 8 | Newtek Bank Bank · Miami, FL | 5 | $917K | $150,000 | 40% |
| 9 | JPMorgan Chase Bank Bank · Columbus, OH | 4 | $788K | $225,000 | 0% |
| 10 | Millennium Bank Bank · Des Plaines, IL | 3 | $10.6M | $5,000,000 | 0% |
| 11 | First National Bank of Pennsylvania Bank · Greenville, PA | 3 | $2.2M | $950,000 | 100% |
| 12 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $4.2M | $2,083,000 | 50% |
| 13 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $2.4M | $1,190,000 | 50% |
| 14 | Citizens Bank Bank · Elizabethton, TN | 2 | $1.0M | $505,700 | 50% |
| 15 | Live Oak Banking Bank · Wilmington, NC | 2 | $550K | $275,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 21 | $325,000 | Huntington National Bank | |
| Manufacturing | 19 | $781,000 | Rockford Local Development | |
| Retail | 18 | $208,250 | Huntington National Bank | |
| Construction | 16 | $150,000 | Huntington National Bank | |
| Health care and social assistance | 15 | $400,000 | Rockford Local Development | |
| Transportation and warehousing | 12 | $173,500 | Huntington National Bank | |
| Administrative and support services | 5 | $483,500 | St. Charles Bank & Trust Company | |
| Arts, entertainment and recreation | 5 | $662,600 | Huntington National Bank |