Best SBA banks for small business loans over $50,000

Last quarterly update: Mar 5, 2018

We have crunched the numbers and are pleased report the lowest cost Small Business Administration (SBA) lenders so far this year. Many of the names on the list aren’t the high volume SBA banks that are household names, so many of these are banks off the beaten path but they may you save thousands. The maximum rate a bank can charge for an SBA loan is mandated by the SBA, and the those rates are determined by the principal and the term of the loan. We won’t bore you with all the details here but if curious about learning more about SBA loan rates check out our post at


Lowest Cost SBA Banks – Large Loans and Long Maturities

(Loans over $50,000 with terms of 7 years or longer)

SBA lenders could charge a maximum interest rate of 9.4% for their large loans in 2017. So far this year 66% of all SBA loans are over $50,000 and over 90% of the loans over $50,000 are term loans of seven years or longer. These top 25 banks are well under that rate.


2017 Rank2016 RankBankCitySTAvg IntAvg Loan
12MainSource BankGreensburgIN4.59 388,625
212MUFG Union BankSan FranciscoCA5.21 1,310,171
39Mountain America FCUWest JordanUT5.24 480,471
433CoBiz BankDenverCO5.40 746,550
537BB&TWinston SalemNC5.47 360,259
6130Pinnacle BankMorgan HillCA5.49 1,433,063
77Fifth Third BankCincinnatiOH5.49 492,087
864Citizens Bank of PennsylvaniaPhiladelphiaPA5.54 301,910
949Chemical BankMidlandMI5.55 650,616
1057Arvest BankFayettevilleAR5.56 621,473
11192Bank of AmericaCharlotteNC5.57 787,566
1216Uniti BankBuena ParkCA5.61 983,485
1326Metro City BankDoravilleGA5.61 1,330,359
1469Citizens BankProvidenceRI5.63 208,290
1565Village Bank and TrustArlington HeightsIL5.65 468,881
1622Open BankLos AngelesCA5.66 1,082,524
1741Comerica BankDallasTX5.67 467,831
18105Capital OneMcleanVA5.68 577,014
1932Banner BankWalla WallaWA5.69 245,876
2046East West BankPasadenaCA5.69 740,361
2168Whitney BankGulfportMS5.71 411,782
22134State Bank and TrustMaconGA5.72 699,954
2353First IC BankDoravilleGA5.72 902,360
2481BancFirstOklahoma CityOK5.74 416,763
2547Commonwealth Business BankLos AngelesCA5.76 1,062,245


Lowest Cost SBA Banks – Large Loan and Shorter Maturities

(Loans over $50,000 with terms of less than 7 years)

SBA lenders can charge a maximum interest rate of 8.9% for their large loans. These top 10 banks are well under that rate, so consider these lenders to save money if you need a small SBA loan.


2017 Rank2016 RankBankCitySTAvg IntAvg Loan
11MainSource BankGreensburgIN4.82 261,768
22Fifth Third BankCincinnatiOH5.08 115,341
36People's United BankBridgeportCT5.11 349,251
412CitibankSioux FallsSD5.12 694,978
518Citizens Bank of PennsylvaniaPhiladelphiaPA5.15 124,518
64BB&TWinston SalemNC5.21 1,176,852
7NRHorizon BankMichigan CityIN5.40 190,769
820Citizens BankProvidenceRI5.42 169,082
9NREvans BankHamburgNY5.44 298,739
10NRUnion Bank & TrustRichmondVA5.45 204,982