Most Active SBA Lenders in 2021

The SBA just recently received the most active SBA banks for the past year, which we utilize to created our SBA Preferred List – 2021. The familiar suspects – Live Oak,  Byline Bank, and U.S. Bank top the list in terms of loan volume. Live Oak Bank, was well ahead of second place Byline Bank in terms of loan volume. Live Oak achieved this goal with an average loan size of almost $1.4 million. Live Oak is more comfortable doing bigger loans than some of its banking peers as its SBA bank loans focus only on a dozen of so niches. When ranking loan activity by number of loans approved, Huntington Bank actually issued approximately three times as many loans as Live Oak even though Huntington’s footprint is limited to around a dozen stats.

The top 25 most active SBA lenders are below. If you are looking for a small business SBA loan for your business, there is no better place to look than than this table of the most active SBA banks for 7(a) loans:

SBA Rank*SBA Bank Name# of LoansTotal Loan $$$Avg Loan
1Live Oak1,076$1,521,424,750$1,413,964
2Byline Bank483$627,490,700$1,299,153
3U.S. Bank4,810$608,598,800$126,528
4Celtic Bank476$560,052,300$1,176,580
5United Midwest Savings Bank1,686$533,603,800$316,491
6The Huntington National Bank3,208$522,857,855$162,986
7Wells Fargo1,568$517,742,800$330,193
8Harvest Small Business Finance298$373,535,300$1,253,474
9Enterprise Bank & Trust305$340,942,524$1,117,844
10KeyBank526$308,239,000$586,006
11Newtek Small Business Finance407$286,936,800$705,004
12MUFG Union Bank180$266,153,400$1,478,630
13Bank of the West341$257,302,100$754,552
14Readycap Lending, LLC212$236,230,600$1,114,295
15TD Bank1,130$219,867,766$194,573
16Bank of George96$210,864,300$2,196,503
17Commonwealth Business Bank183$209,307,500$1,143,757
18Berkshire Bank202$197,918,800$979,796
19Umpqua Bank171$190,321,700$1,112,992
20Metro City Bank93$174,354,900$1,874,784
21Wallis Bank103$168,333,100$1,634,302
22Citizens Bank205$160,812,600$784,452
23Open Bank103$160,638,100$1,559,593
24Regions Bank117$160,479,448$1,371,619
25IncredibleBank125$155,792,300$1,246,338
  • Our SBA preferred lender list 2021 ranking are based on 2020 loan activity.