Bank of Springfield
SBA lender based in Illinois serving 16 states and 54 industries
Bank of Springfield has funded 361 SBA loans across 16 states and 54 industries. Their average loan size is $294K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile — PeerSense matches your deal against Bank of Springfield and 897+ alternatives based on closing probability + pricing.
Top Lending States
Tell us about your deal and we'll match you with the right capital source from our network.
Book a CallWhy borrowers choose Bank of Springfield
Bank of Springfield is best suited for borrowers seeking mid-market business acquisitions and franchise build-outs, with an average SBA loan of $294K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is Illinois. With 361 SBA loans funded across 16 states, they operate as a regional specialist anchored in Illinois. Their portfolio default rate is 765.00%. If your deal profile aligns with their underwriting box, this lender is worth a quote — PeerSense matches your specific deal against Bank of Springfield and 897+ alternatives.
Recent SBA Activity at Bank of Springfield
Franchise lending: Bank of Springfield has funded SBA loans for multiple franchise concepts, with the highest volume in Apricot Lane, X-Golf, and PAPA MURPHY'S TAKE & BAKE PIZZ. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.
Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Personal Care Services, and Educational Services. Borrowers in these NAICS sectors typically see better terms and faster approvals.
Geographic concentration: Top markets are Illinois, Missouri, Alabama, and Texas. Lenders typically underwrite faster in states where they already have closing comps.
Compare Bank of Springfield to Similar SBA Lenders
Other SBA lenders headquartered in Illinois with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.
Looking for SBA Financing?
Tell us about your deal and we'll match you with the right capital source from our network. PeerSense uses proprietary data on lender track records to find the best fit for your industry, location, and loan size.
About Bank of Springfield SBA Lending
Bank of Springfield is an SBA lender headquartered in Illinois. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.
Bank of Springfield serves borrowers across 16 states and 54 industry sectors with a regional lending focus. To find out whether Bank of Springfield is a good fit for your specific deal, reach out to PeerSense for a free lender match.
PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.
Explore More
All SBA Lenders
Browse 899+ capital sources by state
SBA Loan Calculator
Estimate payments with live rates
Industry Benchmarks
SBA lending data across 100+ industries
Best SBA Franchise Lenders
Ranked by franchise loan volume
SBA Loans Guide
7(a), 504, Express — full overview
Get Matched
Tell us about your deal — free consultation
See Related Rates by Program
PeerSense covers the full commercial capital stack. Rates and structures across our money pages — updated weekly.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive — Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Mezzanine Debt
11.00–18.00%Subordinate to senior, $1M–$50M, capital stack fill
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting