Most Active SBA Lenders in 2022

 

The SBA just recently received the most active SBA banks for the past year, which we utilize to created our SBA Preferred List – 2022. 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:

 

RankSBA LenderTotal Loan $$$# of LoansAvg LoanAvg Rate
1Live Oak$2,291,016,6991,517$1,510,2295.3%
2Newtek Small Business Finance$945,317,3571,353$698,6826.1%
3The Huntington National Bank$914,412,5004,534$201,6795.5%
4Celtic Bank$701,707,100494$1,420,4605.8%
5Byline Bank$623,952,600491$1,270,7795.9%
6Readycap Lending, LLC$578,732,700489$1,183,5025.4%
7Wells Fargo$565,409,2001,928$293,2627.4%
8Harvest Small Business Finance$450,384,800382$1,179,0185.6%
9Enterprise Bank & Trust$442,756,800394$1,123,7485.1%
10U.S. Bank$438,827,9001,682$260,8965.9%
11KeyBank$425,479,320920$462,4785.7%
12MUFG Union Bank$396,324,100243$1,630,9634.0%
13Commonwealth Business Bank$381,635,000240$1,590,1464.7%
14TD Bank$359,487,5691,548$232,2277.3%
15Metro City Bank$307,953,300154$1,999,6974.4%
16Wallis Bank$305,202,300168$1,816,6805.0%
17United Midwest Savings Bank$304,385,7001,060$287,1566.0%
18Pinnacle Bank$298,615,020235$1,270,7025.0%
19PNC Bank$296,910,000629$472,0356.7%
20Bank of Hope$294,203,000288$1,021,5384.9%
21Bank of the West$285,548,600297$961,4434.6%
22Berkshire Bank$284,237,400276$1,029,8465.7%
23Bank of George$273,089,900118$2,314,3215.2%
24Peoples Bank$263,703,150266$991,3655.4%
25Open Bank$262,704,800139$1,889,9634.7%

 

  • Our SBA preferred lender list 2022 ranking are based on 2021 loan activity.