States Served
Top Industries Financed
- Pet Care (except Veterinary) Services
- Full-Service Restaurants
- All Other Specialty Trade Contractors
- Plumbing, Heating, and Air-Conditioning Contractors
- Offices of Certified Public Accountants
Quick Summary
Busey Bank is an SBA-approved lender headquartered in CHAMPAIGN, Illinois. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 440 SBA 7(a) loans totaling $481.8M, with an average loan size of $1.1M. They serve businesses across 22 states.
About Busey Bank
Busey Bank is an SBA-approved lender headquartered in CHAMPAIGN, Illinois. Since 2020, they have approved 440 SBA 7(a) loans totaling $481.8M, with an average loan size of $1.1M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 22 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Busey Bank an SBA Preferred Lender?
Yes, Busey Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Busey Bank approved?
According to SBA FOIA public records, Busey Bank has approved 440 SBA 7(a) loans totaling $481.8M since 2020. Their average loan size is $1.1M.
What states does Busey Bank serve?
Busey Bank serves businesses in 22 states: Arizona, California, Colorado, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Michigan, Missouri, Montana, New Hampshire, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia.
How do I apply for an SBA loan with Busey Bank?
To apply for an SBA 7(a) loan with Busey Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days