Busey Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Busey Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812910 | Pet Care (except Veterinary) Services | 176 | $160.8M | $914K | 5.0% |
| 722511 | Full-Service Restaurants | 168 | $241.8M | $1.4M | 4.8% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 96 | $98.6M | $1.0M | 2.7% |
| 238990 | All Other Specialty Trade Contractors | 96 | $126.7M | $1.3M | 2.7% |
| 722513 | Limited-Service Restaurants | 64 | $58.7M | $918K | 1.8% |
| 492110 | Couriers | 64 | $39.8M | $622K | 1.8% |
| 541940 | Veterinary Services | 64 | $74.8M | $1.2M | 1.8% |
| 541211 | Offices of Certified Public Accountants | 64 | $37.3M | $583K | 1.8% |
| 812199 | Other Personal Care Services | 56 | $30.6M | $547K | 1.6% |
| 713940 | Fitness and Recreational Sports Centers | 56 | $75.0M | $1.3M | 1.6% |
Geographic Distribution
SBA lending activity for Busey Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 864 | $1.05B | 24.5% |
| Colorado (CO) | 1,000 | $1.03B | 28.4% |
| Missouri (MO) | 400 | $426.8M | 11.4% |
| Florida (FL) | 328 | $359.4M | 9.3% |
| Arizona (AZ) | 272 | $288.3M | 7.7% |
| Kansas (KS) | 240 | $222.2M | 6.8% |
| Texas (TX) | 64 | $98.1M | 1.8% |
| Georgia (GA) | 40 | $92.7M | 1.1% |
| Indiana (IN) | 80 | $61.4M | 2.3% |
| Utah (UT) | 24 | $44.6M | 0.7% |
| Tennessee (TN) | 16 | $35.5M | 0.5% |
| California (CA) | 16 | $32.2M | 0.5% |
| Montana (MT) | 16 | $28.3M | 0.5% |
| New Hampshire (NH) | 24 | $17.1M | 0.7% |
| Ohio (OH) | 24 | $11.7M | 0.7% |
| Iowa (IA) | 16 | $9.4M | 0.5% |
| Michigan (MI) | 16 | $9.2M | 0.5% |
| Pennsylvania (PA) | 8 | $8.6M | 0.2% |
| Oklahoma (OK) | 48 | $8.0M | 1.4% |
| Oregon (OR) | 8 | $7.0M | 0.2% |
| Virginia (VA) | 8 | $4.4M | 0.2% |
| New York (NY) | 8 | $4.3M | 0.2% |
Why Choose Busey Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,520 SBA loans approved, totaling $3.85B in financing
- ✓Industry Expertise: Specialized focus on Pet Care (except Veterinary) Services, Full-Service Restaurants, Plumbing, Heating, and Air-Conditioning Contractors
- ✓Competitive Terms: Average interest rate of 7.55% with flexible term lengths averaging 173 months
- ✓Loan Range: Loan sizes from $30K to $5.0M, with an average of $1.1M
- ✓Nationwide Reach: Active lending in 22 states, with strong presence in CO, IL, MO
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Busey Bank SBA lending
What types of businesses does Busey Bank typically finance?
Busey Bank specializes in SBA 7(a) lending to specific industries including pet care (except veterinary) services, full-service restaurants, plumbing, heating, and air-conditioning contractors, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Busey Bank's typical SBA loan terms?
Busey Bank's SBA 7(a) loans typically feature an average interest rate of 7.55% and average term length of 173 months (approximately 14 years). Loan sizes range from $30K to $5.0M, with an average loan size of $1.1M.
Do I need a business valuation for a Busey Bank SBA loan?
Yes, Busey Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Busey Bank compare to other SBA lenders?
Busey Bank has originated 3,520 SBA loans totaling $3.85B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Busey Bank lend in?
Busey Bank provides SBA 7(a) financing with particularly strong presence in CO, IL, MO, FL, AZ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.