STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
295
2010–2026
Total Volume
$135M
Gross loan amounts
States Active
5
With recorded loans
Programs
7(a) & 504
295 total segments
Morton Community Bank has a strong focus on 504 loans, with 28% of their total deals in this category, significantly higher than the national average of 18%. This makes them a suitable choice for borrowers looking for real estate financing.
With an average 7(a) spread of P+1.72%, Morton Community Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to lower overall borrowing costs for your SBA loan.
The lender primarily serves existing businesses (51% of deals), which indicates they may be more conservative in their lending approach. If you're a startup, be prepared to present a strong business plan to improve your chances of approval.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 82 504 loans, which use fixed SBA debenture rates.
States where Morton Community Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Retail Trade
Retail Trade
Administrative & Waste Services
Administrative & Waste Services
Other Health Practitioners
Health Care & Social Assistance
Miscellaneous Retail
Retail Trade
+ 7 more
All recorded SBA lending activity for Morton Community Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Illinois · Manufacturing · Under $150K | 7(a) | 17 | P+1.25% | $66K | Q4 2025 |
| Illinois · Restaurants & Food Service · Under $150K | 7(a) | 15 | P+1.60% | $87K | Q1 2025 |
| Illinois · Specialty Trade Contractors · Under $150K | 7(a) | 10 | P+2.13% | $93K | Q1 2021 |
| Illinois · Restaurants & Food Service · $150K – $350K | 7(a) | 9 | P+1.75% | $258K | Q1 2025 |
| Illinois · Arts, Entertainment & Recreation · Under $150K | 7(a) | 9 | P+2.00% | $87K | Q3 2021 |
| Illinois · Administrative & Waste Services · Under $150K | 7(a) | 7 | P+2.00% | $102K | Q4 2021 |
| Illinois · Specialty Trade Contractors · $150K – $350K | 7(a) | 7 | P+1.50% | $275K | Q1 2021 |
| Illinois · Miscellaneous Retail · Under $150K | 7(a) | 6 | P+0.00% | $78K | Q4 2024 |
| Illinois · Restaurants & Food Service · $500K – $1M | 504 | 6 | — | $669K | Q4 2024 |
| Illinois · Auto Repair & Maintenance · Under $150K | 7(a) | 5 | P+1.75% | $56K | Q4 2022 |
| Illinois · Other Health Practitioners · Under $150K | 7(a) | 5 | P+2.75% | $95K | Q4 2014 |
| Illinois · Retail Trade · Under $150K | 7(a) | 5 | P+2.25% | $96K | Q3 2021 |
| Illinois · Finance & Insurance · $150K – $350K | 7(a) | 4 | P+1.00% | $231K | Q2 2025 |
| Illinois · Restaurants & Food Service · $150K – $350K | 504 | 4 | — | $242K | Q1 2022 |
| Illinois · Manufacturing · $150K – $350K | 7(a) | 4 | P+2.69% | $261K | Q3 2013 |
| Illinois · Other Health Practitioners · $150K – $350K | 7(a) | 4 | P+0.50% | $281K | Q4 2022 |
| Illinois · Restaurants & Food Service · $500K – $1M | 7(a) | 4 | P+2.38% | $687K | Q3 2017 |
| Illinois · General Merchandise · Under $150K | 7(a) | 4 | P+2.88% | $57K | Q1 2022 |
| Illinois · Restaurants & Food Service · $350K – $500K | 7(a) | 4 | P+1.50% | $427K | Q2 2023 |
| Illinois · Real Estate · Under $150K | 7(a) | 4 | P+1.00% | $50K | Q3 2019 |
| Illinois · Manufacturing · $500K – $1M | 504 | 3 | — | $708K | Q3 2019 |
| Illinois · Management & IT Consulting · Under $150K | 7(a) | 3 | P+2.75% | $40K | Q1 2018 |
| Illinois · Other Professional Services · Under $150K | 7(a) | 3 | P+1.25% | $97K | Q3 2019 |
| Illinois · Retail Trade · $150K – $350K | 7(a) | 3 | P+2.75% | $312K | Q3 2022 |
| Illinois · Physician & Dental Offices · Under $150K | 7(a) | 3 | P+1.25% | $132K | Q4 2024 |
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