Last update:
Connect me to a Philly lender!
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:
| Rank | Philadelphia Lender | Headquarters | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington, DE | 35 | $118,389 | 7.7% |
| 2 | KeyBank | Cleveland, OH | 18 | $23,078 | 6.1% |
| 3 | Meridian Bank | Malvern, PA | 11 | $826,818 | 5.5% |
| 4 | Wilmington Savings Fund Society | Wilmington, DE | 9 | $1,036,789 | 5.7% |
| 5 | Citizens Bank | Providence, RI | 8 | $260,000 | 5.8% |
| 6 | M&T | Buffalo, NY | 8 | $215,150 | 6.2% |
| 7 | Wells Fargo | Sioux Falls, SD | 8 | $10,313 | 9.1% |
Connect me to a Philly lender!
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.