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
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 166 | $187,716 | 9.9% |
| 2 | Newtek Bank | Miami, FL | 138 | $260,203 | 11.2% |
| 3 | Bank of Hope | Los Angeles, CA | 123 | $420,138 | 9.8% |
| 4 | Lendistry SBLC | Los Angeles, CA | 107 | $195,624 | 12.5% |
| 5 | Readycap Lending, LLC | Berkeley Heights, NJ | 84 | $412,548 | 12.8% |
| 6 | JPMorgan Chase Bank | Columbus, OH | 71 | $246,232 | 11.7% |
| 7 | Northeast Bank | Lewiston, ME | 68 | $145,521 | 10.8% |
| 8 | BayFirst National Bank | Saint Petersburg, FL | 50 | $141,932 | 13.0% |
| 9 | Huntington Bank | Columbus, OH | 41 | $449,454 | 10.1% |
| 10 | Celtic Bank | Salt Lake City, UT | 38 | $185,263 | 10.8% |
| 11 | Wells Fargo | Sioux Falls, SD | 34 | $227,118 | 12.5% |
| 12 | Harvest Small Business Finance | Laguna Hills, CA | 32 | $1,360,391 | 10.1% |
| 13 | PCB Bank | Los Angeles, CA | 29 | $733,879 | 9.2% |
| 14 | Bank of America | Charlotte, NC | 28 | $633,186 | 8.3% |
| 15 | CDC Small Business Finance | San Diego, CA | 28 | $125,421 | 12.0% |
| 16 | Live Oak | Wilmington, NC | 26 | $1,203,038 | 9.7% |
| 17 | City National Bank | Los Angeles, CA | 22 | $2,034,191 | 6.5% |
| 18 | Open Bank | Los Angeles, CA | 22 | $1,302,173 | 9.5% |
| 19 | East West Bank | Pasadena, CA | 22 | $515,127 | 10.4% |
| 20 | Zions Bank | Salt Lake City, UT | 22 | $150,027 | 10.1% |
Top Industries for SBA Loans in LA
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 17 | Administrative Management and General Management Consulting Services | 7 | $106,414 | 12.5% |
| 11 | Advertising Agencies | 19 | $335,116 | 10.5% |
| 3 | Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures | 2 | $325,000 | 11.8% |
| 15 | All Other Amusement and Recreation Industries | 4 | $1,424,875 | 9.7% |
| 9 | All Other General Merchandise Retailers | 6 | $148,333 | 9.8% |
| 3 | All Other Health and Personal Care Retailers | 4 | $100,000 | 10.0% |
| 4 | All Other Home Furnishings Retailers | 4 | $500,000 | 10.8% |
| 2 | All Other Legal Services | 8 | $119,000 | 11.5% |
| 2 | All Other Miscellaneous Food Manufacturing | 10 | $80,000 | 11.6% |
| 13 | All Other Miscellaneous Retailers | 8 | $300,250 | 10.2% |
| 1 | All Other Miscellaneous Textile Product Mills | 2 | $825,000 | 9.9% |
| 17 | All Other Personal Services | 12 | $354,417 | 11.3% |
| 15 | All Other Professional, Scientific, and Technical Services | 15 | $233,060 | 10.4% |
| 8 | All Other Specialty Food Retailers | 2 | $100,000 | 11.8% |
| 19 | All Other Specialty Trade Contractors | 3 | $333,333 | 10.8% |
| 3 | All Other Support Services | 2 | $123,000 | 11.1% |
| 5 | Apparel Accessories and Other Apparel Manufacturing | 6 | $302,333 | 11.8% |
| 14 | Architectural Services | 17 | $302,594 | 11.1% |
| 2 | Art Dealers | 3 | $275,667 | 11.2% |
| 3 | Assisted Living Facilities for the Elderly | 4 | $2,100,250 | 9.3% |
| 2 | Automobile and Other Motor Vehicle Merchant Wholesalers | 2 | $358,500 | 10.3% |
| 15 | Automotive Body, Paint, and Interior Repair and Maintenance | 13 | $708,323 | 9.6% |
| 7 | Automotive Parts and Accessories Retailers | 2 | $742,500 | 8.5% |
| 7 | Baked Goods Retailers | 4 | $1,060,500 | 10.4% |
| 9 | Barber Shops | 7 | $69,957 | 10.3% |
| 16 | Beer, Wine, and Liquor Retailers | 27 | $464,630 | 9.6% |
| 1 | Book Retailers and News Dealers | 2 | $322,350 | 12.1% |
| 4 | Cafeterias, Grill Buffets, and Buffets | 2 | $305,000 | 9.8% |
| 8 | Car Washes | 3 | $1,903,000 | 9.8% |
| 9 | Caterers | 5 | $612,540 | 11.9% |
| 19 | Child Care Services | 5 | $266,000 | 10.9% |
| 2 | Clothing and Clothing Accessories Merchant Wholesalers | 60 | $663,917 | 9.9% |
| 19 | Clothing and Clothing Accessories Retailers | 17 | $213,194 | 11.0% |
| 8 | Coin-Operated Laundries and Drycleaners | 11 | $1,732,000 | 9.0% |
| 6 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $298,300 | 7.9% |
| 10 | Commercial and Institutional Building Construction | 6 | $124,967 | 8.8% |
| 2 | Commercial Photography | 3 | $82,733 | 11.0% |
| 11 | Commercial Printing (except Screen and Books) | 10 | $1,950,000 | 9.0% |
| 10 | Computer Systems Design Services | 4 | $240,025 | 11.3% |
| 2 | Confectionery and Nut Retailers | 4 | $350,000 | 9.8% |
| 1 | Confectionery Merchant Wholesalers | 2 | $87,500 | 10.0% |
| 10 | Convenience Retailers | 5 | $501,000 | 10.1% |
| 10 | Cosmetics, Beauty Supplies, and Perfume Retailers | 10 | $268,810 | 11.4% |
| 9 | Couriers and Express Delivery Services | 5 | $747,080 | 9.2% |
| 12 | Custom Computer Programming Services | 10 | $642,450 | 9.8% |
| 1 | Cut and Sew Apparel Contractors | 5 | $220,000 | 11.1% |
| 3 | Cut and Sew Apparel Manufacturing (except Contractors) | 3 | $233,333 | 11.1% |
| 1 | Dance Companies | 5 | $150,000 | 9.9% |
| 2 | Department Stores | 2 | $20,000 | 9.0% |
| 13 | Drinking Places (Alcoholic Beverages) | 5 | $550,000 | 9.8% |
| 10 | Drycleaning and Laundry Services (except Coin-Operated) | 4 | $111,250 | 9.6% |
| 6 | Elementary and Secondary Schools | 2 | $2,981,700 | 6.4% |
| 11 | Employment Placement Agencies | 7 | $912,143 | 10.9% |
| 2 | Fish and Seafood Merchant Wholesalers | 9 | $2,080,000 | 9.3% |
| 1 | Flower, Nursery Stock, and Florists’ Supplies Merchant Wholesalers | 2 | $436,250 | 9.9% |
| 5 | Food Service Contractors | 2 | $200,000 | 12.9% |
| 5 | Funeral Homes and Funeral Services | 2 | $966,350 | 11.1% |
| 7 | Furniture Retailers | 10 | $1,748,700 | 10.4% |
| 9 | Gasoline Stations with Convenience Stores | 6 | $3,236,500 | 8.9% |
| 20 | General Automotive Repair | 21 | $382,652 | 10.3% |
| 15 | General Freight Trucking, Local | 4 | $380,000 | 11.3% |
| 16 | General Freight Trucking, Long-Distance, Truckload | 2 | $30,650 | 9.2% |
| 6 | Graphic Design Services | 2 | $663,600 | 9.3% |
| 4 | Home Furnishing Merchant Wholesalers | 2 | $1,089,500 | 7.9% |
| 18 | Hotels (except Casino Hotels) and Motels | 5 | $2,409,000 | 8.2% |
| 3 | Human Resources Consulting Services | 2 | $125,000 | 10.9% |
| 6 | Independent Artists, Writers, and Performers | 22 | $239,655 | 11.9% |
| 12 | Interior Design Services | 13 | $235,962 | 10.5% |
| 2 | Investigation and Personal Background Check Services | 6 | $222,500 | 10.6% |
| 18 | Janitorial Services | 9 | $364,356 | 10.9% |
| 5 | Jewelry Retailers | 8 | $267,188 | 11.8% |
| 4 | Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers | 6 | $714,167 | 9.8% |
| 6 | Limousine Service | 3 | $105,000 | 13.3% |
| 15 | Marketing Consulting Services | 17 | $137,941 | 10.2% |
| 2 | Meat Retailers | 2 | $260,000 | 10.6% |
| 2 | Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers | 3 | $1,387,167 | 10.5% |
| 9 | Mobile Food Services | 7 | $59,714 | 10.7% |
| 8 | Motion Picture and Video Production | 30 | $355,943 | 11.4% |
| 2 | Musical Instrument and Supplies Retailers | 2 | $40,000 | 11.2% |
| 10 | Nail Salons | 4 | $103,750 | 11.1% |
| 13 | New Single-Family Housing Construction (except For-Sale Builders) | 9 | $152,222 | 11.4% |
| 18 | Offices of All Other Miscellaneous Health Practitioners | 8 | $367,375 | 10.8% |
| 14 | Offices of Certified Public Accountants | 2 | $190,000 | 11.9% |
| 14 | Offices of Chiropractors | 4 | $559,250 | 8.0% |
| 19 | Offices of Dentists | 7 | $602,429 | 10.4% |
| 17 | Offices of Lawyers | 11 | $180,000 | 10.9% |
| 20 | Offices of Mental Health Practitioners (except Physicians) | 3 | $70,000 | 10.4% |
| 6 | Offices of Optometrists | 8 | $251,063 | 9.7% |
| 19 | Offices of Physicians (except Mental Health Specialists) | 4 | $1,146,300 | 9.0% |
| 8 | Offices of Physicians, Mental Health Specialists | 2 | $28,000 | 8.5% |
| 1 | Offices of Podiatrists | 4 | $100,000 | 10.5% |
| 13 | Offices of Real Estate Agents and Brokers | 3 | $475,033 | 9.3% |
| 1 | Optical Goods Retailers | 2 | $146,250 | 12.0% |
| 15 | Other Accounting Services | 6 | $372,817 | 10.6% |
| 6 | Other Activities Related to Real Estate | 14 | $3,517,857 | 9.3% |
| 14 | Other Computer Related Services | 5 | $587,000 | 9.8% |
| 6 | Other Grocery and Related Products Merchant Wholesalers | 5 | $268,940 | 10.0% |
| 8 | Other Individual and Family Services | 6 | $89,667 | 12.0% |
| 8 | Other Management Consulting Services | 5 | $118,000 | 12.5% |
| 5 | Other Miscellaneous Durable Goods Merchant Wholesalers | 9 | $843,567 | 9.9% |
| 5 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 5 | $406,940 | 9.4% |
| 1 | Other Motion Picture and Video Industries | 2 | $265,550 | 12.1% |
| 1 | Other Paperboard Container Manufacturing | 2 | $50,000 | 9.2% |
| 9 | Other Personal and Household Goods Repair and Maintenance | 4 | $446,000 | 10.2% |
| 9 | Other Scientific and Technical Consulting Services | 5 | $197,100 | 10.4% |
| 4 | Other Services Related to Advertising | 3 | $112,667 | 12.3% |
| 1 | Other Snack Food Manufacturing | 3 | $50,000 | 11.6% |
| 5 | Other Specialized Design Services | 5 | $56,280 | 9.7% |
| 5 | Pet and Pet Supplies Retailers | 2 | $16,000 | 9.0% |
| 16 | Pet Care (except Veterinary) Services | 5 | $1,935,000 | 9.5% |
| 5 | Pharmacies and Drug Retailers | 8 | $582,888 | 10.2% |
| 8 | Photography Studios, Portrait | 9 | $63,333 | 11.1% |
| 1 | Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers | 2 | $1,105,000 | 9.6% |
| 4 | Private Mail Centers | 3 | $289,500 | 8.1% |
| 3 | Promoters of Performing Arts, Sports, and Similar Events with Facilities | 4 | $350,750 | 10.7% |
| 2 | Promoters of Performing Arts, Sports, and Similar Events without Facilities | 6 | $191,667 | 10.6% |
| 3 | Recyclable Material Merchant Wholesalers | 2 | $2,057,500 | 9.3% |
| 12 | Residential Property Managers | 6 | $693,017 | 8.7% |
| 10 | Retail Bakeries | 7 | $535,714 | 9.9% |
| 1 | Scheduled Passenger Air Transportation | 2 | $2,375,000 | 10.4% |
| 5 | Security Guards and Patrol Services | 3 | $271,667 | 12.5% |
| 3 | Service Establishment Equipment and Supplies Merchant Wholesalers | 5 | $238,000 | 11.3% |
| 11 | Services for the Elderly and Persons with Disabilities | 5 | $2,708,760 | 9.0% |
| 4 | Software Publishers | 2 | $266,000 | 8.5% |
| 4 | Solid Waste Collection | 2 | $300,000 | 10.3% |
| 2 | Sound Recording Studios | 2 | $76,300 | 11.6% |
| 4 | Specialized Freight (except Used Goods) Trucking, Local | 2 | $404,350 | 10.5% |
| 4 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 3 | $617,733 | 11.4% |
| 10 | Sports and Recreation Instruction | 4 | $300,000 | 9.8% |
| 12 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 12 | $879,500 | 9.6% |
| 10 | Tax Preparation Services | 2 | $200,850 | 12.0% |
| 1 | Teleproduction and Other Postproduction Services | 3 | $150,367 | 10.7% |
| 14 | Vending Machine Operators | 6 | $365,000 | 9.5% |
| 7 | Wholesale Trade Agents and Brokers | 11 | $118,182 | 11.0% |
| 3 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 2 | $168,500 | 10.0% |
Los Angeles SBA lenders offer financing options tailored to help businesses grow, whether through SBA 504 loans for asset purchases or SBA 7(a) loans for working capital. Instead of searching for “business loans near me,” consider nationwide preferred SBA lenders, which often provide better financing options beyond local banks. SbaLenders.com connects business owners with both local and nationwide lenders to secure the right funding for their needs.
Top SBA Lenders in Los Angeles | Los Angeles SBA Loans
SBA Lending in Los Angeles: Last Year Overview
In the past year, SBA loans have played a crucial role in supporting Los Angeles businesses. Based on SBA loan data, here is an overview of key lending statistics:
- Total SBA Loans Issued: $326,318,300
- Number of SBA Loans: 690
- Average Loan Amount: $472,925.07
- Average Interest Rate: 11.34%
- Jobs Supported: 5,971
- SBAlenders.com City Ranking: #2 in the U.S.
These numbers highlight the significant impact of SBA loans in Los Angeles, reinforcing their importance in fostering business growth and sustainability.
Why Lenders Choose Us
Lenders partner with us because we simplify the SBA loan process and provide business owners with the best financing options available. Here’s why lenders trust us:
- Extensive Network of SBA-Approved Lenders: We connect businesses with the most reputable SBA lenders in Los Angeles, increasing the chances of loan approval.
- Streamlined Loan Application Process: Our efficient process ensures that business owners can secure funding quickly and easily.
- Expert Guidance: Our experienced team helps businesses navigate complex SBA loan requirements, ensuring they meet eligibility criteria and secure the best terms.
- Customized Loan Matching: We analyze each business’s needs to pair them with the most suitable lender, maximizing their chances of success.
- Strong Track Record: Our commitment to supporting small businesses has helped thousands of entrepreneurs secure SBA funding, grow their businesses, and create jobs.
By working with us, lenders can confidently support small businesses while mitigating risk and ensuring long-term success for borrowers.
Overview of SBA Loan Program in Los Angeles
The SBA 7(a) loan program is the most common and flexible SBA loan, catering to various business needs. Here are key aspects of the SBA loan program:
- Loan Size: Up to $5,000,000
- Loan Term: 10 years for non-real estate loans; 25 years for real estate loans
- Interest Rates: Slightly higher than conventional loans, negotiated with the SBA lender within the SBA’s maximum interest rate
- Use of Loan Proceeds: Business acquisitions, real estate purchases, equipment, debt refinancing, partner buyouts, franchise openings, and working capital
- Down Payment: Typically 10% to 20%
- Credit Score Requirement: 680+ is ideal, with a minimum of 640 for consideration
- Collateral: Not required but all available collateral must be pledged
SBA loans provide financing for businesses that may not qualify under stricter commercial lending requirements. The program offers lower down payments, longer repayment terms, and no financial covenants compared to traditional business loans.
Surrounding Areas
Entrepreneurs looking for SBA loans in nearby cities may also explore lending opportunities in these areas:
Anaheim, Burbank, Compton, Downey, Glendale, Inglewood, Long Beach, Norwalk, Pasadena, Pomona, Santa Ana, Santa Clarita, Torrance, West Covina, and Whittier.
Resources for Small Businesses in Los Angeles
Small businesses in Los Angeles can take advantage of various resources for financial and operational support:
- Los Angeles SBA District Office – Offers guidance on SBA loan programs and application processes.
- SCORE Los Angeles – Provides free business mentoring and workshops.
- Small Business Development Centers (SBDC) – Offers consulting services to help entrepreneurs grow their businesses.
- Los Angeles Chamber of Commerce – Connects small businesses with networking and funding opportunities.
Summary
SBA loans have proven to be an essential financial tool for small businesses in Los Angeles, providing accessible funding to help them grow and create jobs. With competitive interest rates, flexible terms, and strong local business support, securing an SBA loan can be a game-changer for entrepreneurs in the city. If you are a business owner seeking funding, exploring SBA loan options could be your next step toward success in Los Angeles.