SBA Loans – Philadelphia

Last update: Apr 19, 2024

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Top SBA Lenders in Philadelphia

RankSBA LenderHeadquarters# Loans Avg LoanAvg Interest
1TD BankWILMINGTON, DE76 $85,39912.3%
2Wells FargoSIOUX FALLS, SD15 $28,00013.7%
3BayFirst National BankSaint Petersburg, FL14 $147,85712.3%
4Newtek BankMiami, FL11 $656,36412.0%
5Noah BankMiami, FL11 $656,36412.0%
6United Midwest Savings BankDE GRAFF, OH8 $402,25010.9%
7KeyBankCLEVELAND, OH7 $35,00013.0%
8M&TBUFFALO, NY7 $92,28612.3%
9Meridian BankMALVERN, PA7 $570,28610.5%
10PNC BankWILMINGTON, DE6 $122,08310.8%
11Wilmington Savings Fund SocietyWILMINGTON, DE6 $631,66710.8%
12Woori America BankNew York, NY6 $358,6679.5%
13BancorpSouth BankTUPELO, MS4 $350,00010.9%
14Readycap Lending, LLCBERKELEY HEIGHTS, NJ4 $812,47511.6%
15Bank of AmericaCHARLOTTE, NC3 $597,6678.6%
16Fulton BankLANCASTER, PA3 $185,00011.1%
17Huntington BankCOLUMBUS, OH3 $135,13310.3%
18Live OakWILMINGTON, NC3 $2,050,0009.7%
19Northeast BankLEWISTON, ME3 $149,16710.4%
20Berkshire BankPITTSFIELD, MA2 $75,00011.8%

Top Industries for SBA Loans in Philadelphia

RankIndustry# Loans Avg LoanAvg Interest
1Full-Service Restaurants11 $532,85510.8%
2Child Day Care Services10 $299,10011.3%
3Residential Remodelers9 $73,50013.0%
4Beauty Salons8 $112,50012.9%
5General Freight Trucking, Local8 $55,62513.0%
6Limited-Service Restaurants7 $159,14312.0%
7Supermarkets and Other Grocery (except Convenience) Stores6 $259,16710.9%
8Janitorial Services5 $100,16012.2%
9Snack and Nonalcoholic Beverage Bars5 $465,28010.6%
10Drinking Places (Alcoholic Beverages)4 $934,10010.6%

Finding it hard to secure a conventional business loan? With SBA guaranteed loans, you could unlock the financing your business needs quite rapidly. Local and nationwide lenders provide SBA loans in Philadelphia to help entrepreneurs like yourself succeed in their endeavors. 

A Philadelphia SBA loan can be obtained under both the 7(a) and 504 programs. Up to $5 million in financing can be provided by lenders with the SBA providing a guarantee for the loan. These loans typically have lower interest rates and longer payment terms, making them an extremely viable option for almost all businesses. 

At SbaLenders.com, we connect you with the lenders that will give your SBA loan application the importance it deserves, thereby enabling you to quickly capitalize on business opportunities that may have otherwise been lost due to lack of financing. These are some of the best SBA lenders in Philadelphia:

Here’s a tip: Don’t just search for “business loans near me” or “Philadelphia SBA loans.” You’ll be limiting the scope. We leverage our network of preferred SBA lenders across the US to get you the best possible deal for your business. Just click on the find SBA lenders near me button to get started.”

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