WINDSOR ADVANTAGE’S Q&A CORNER Notes of Interest By Connor Mulvey, Vice President–Business Development A rising interest rate environment post-PPP will make us create a more focused effort in growing our SBA program. How can we collect data to help us be more strategic in our program? The Windsor Advantage SBA Atlas gives lenders, and others in the SBA industry, the ability to analyze historical SBA loan data and filter this data by fiscal year and geographic area. Before the SBA Atlas, the only way to access this data was through a cumbersome and disorganized Excel file, requiring significant effort to obtain meaningful insights. The SBA Atlas makes this data easily accessible through an online portal, taking the headache out of analyzing the data to make SBA lenders more successful. Lenders everywhere can make better decisions about their SBA lending strategy with SBA loan data now at their fingertips. There are two different versions of the SBA Atlas. The first is a Standard Version available to anyone who creates an account, and the second is a Premium Version reserved only for customers and referral partners. You can build your own customized SBA Loan data dashboards, empowering you to develop a better SBA Lending strategy. The SBA Atlas allows you to filter by location and fiscal year to analyze industry trends and understand your local competition. The world of SBA lending is now at your fingertips. Start exploring today. This program is accessible to the industry for free. Who were the top SBA Lenders in Illinois in 2021? Byline Bank
IL
113
$ 128,788,000
The Huntington National Bank
OH
355
$ 77,292,300
LendingClub Bank, National Association
UT
28
$ 68,880,300
Live Oak Banking Company
NC
41
$ 60,132,600
Millennium Bank
IL
26
$ 50,199,300
Village Bank and Trust, National Association
IL
60
$ 42,075,600
Merchants Bank of Indiana
IN
29
$ 37,383,400
First American Bank
IL
32
$ 27,888,600
Harvest Small Business Finance, LLC
CA
34
$ 27,819,200
Busey Bank
IL
21
$ 27,116,700
• 10 •
• July-August 2022
What were the top 10 industries financed by SBA loans in 2021? Hotels (except Casino Hotels) and Motels
34
$ 79,954,200
Gasoline Stations with Convenience Stores
52
$ 61,272,600
Full-Service Restaurants
73
$ 38,416,900
Limited-Service Restaurants
79
$ 37,464,600
General Freight Trucking, Long Distance, Truckload
83
$ 35,786,800
Beer, Wine, and Liquor Stores
33
$ 31,328,600
Supermarkets and Other Grocery (except Convenience) Stores
19
$ 20,769,600
All Other Specialty Trade Contractors
29
$ 20,549,100
Landscaping Services
30
$ 19,363,200
Offices of Dentists
30
$17,994,300
