SBA Loans – Los Angeles

Last update: Apr 18, 2024

  Connect me to a LA lender!  

Are you a small business owner looking to obtain an SBA loan in Los Angeles? We can help connect you to SBA lenders in LA that can provide you with the financing you need. It doesn’t matter if your business is based in Downtown Los Angeles or Long Beach. 

Our partners work with small businesses in the greater Los Angeles area to help them take their business to the next level. These are the top LA SBA lenders based on recent loan activity:

Top SBA Lenders in LA

RankSBA LenderHeadquarters# Loans Avg LoanAvg Interest
1BayFirst National BankSaint Petersburg, FL62 $197,61512.2%
2U.S. BankCINCINNATI, OH58 $232,9629.0%
3JPMorgan Chase BankCOLUMBUS, OH37 $153,78412.5%
4Bank of HopeLOS ANGELES, CA29 $440,65510.2%
5Readycap Lending, LLCBERKELEY HEIGHTS, NJ25 $902,76011.4%
6Wells FargoSIOUX FALLS, SD25 $82,39213.6%
7CDC Small Business FinanceSan Diego, CA19 $187,31612.9%
8Lendistry SBLCLos Angeles, CA16 $275,02512.5%
9Newtek BankMiami, FL16 $256,68812.5%
10Noah BankMiami, FL16 $256,68812.5%
11Northeast BankLEWISTON, ME15 $63,91311.0%
12East West BankPASADENA, CA13 $521,74610.4%
13Celtic BankSALT LAKE CITY, UT12 $247,22511.1%
14Hanmi BankLOS ANGELES, CA12 $881,66710.1%
15Bank of AmericaCHARLOTTE, NC11 $382,8368.2%
16Harvest Small Business FinanceLaguna Hills, CA11 $1,380,22710.6%
17BMO BankChicago, IL10 $313,25010.6%
18City National BankLOS ANGELES, CA10 $2,431,4506.7%
19Open BankLOS ANGELES, CA10 $1,384,9509.9%
20BancorpSouth BankTUPELO, MS7 $234,28610.9%

Top Industries for SBA Loans in LA

RankIndustry# Loans Avg LoanAvg Interest
1Full-Service Restaurants31 $665,96110.6%
2Limited-Service Restaurants13 $563,82311.7%
3Offices of Dentists11 $804,04511.4%
4Beauty Salons10 $102,30010.1%
5Coin-Operated Laundries and Drycleaners10 $2,374,3009.7%
6Supermarkets and Other Grocery (except Convenience) Stores9 $929,86710.0%
7Snack and Nonalcoholic Beverage Bars8 $324,37510.7%
8General Automotive Repair7 $233,57110.5%
9General Freight Trucking, Local7 $343,92912.7%
10Marketing Consulting Services7 $93,51411.5%

These LA SBA loan providers can help you unlock new avenues of growth for your business aided by financing through the various programs offered by the Small Business Administration. Whether you need an SBA 504 loan to purchase hard assets or an SBA 7(a) loan to meet working capital requirements, these lenders can provide you with exactly what you’re looking for.

Here’s a tip: Instead of searching for “business loans near me” or “SBA lenders near me,” expand your horizons. You probably weren’t aware that in some cases, the best banks for LA SBA loans may not even be based in Los Angeles! Nationwide preferred SBA lenders provide financing to businesses across the country. SbaLenders.com can connect you with both local and nationwide LA SBA lenders to help you secure the right loan for your business.

  Connect me to a LA lender!