Connect me to a Pittsburgh lender!
Pittsburgh small business loans are available from many SBA lenders. Here are the most active Pittsburgh SBA lenders:
Top SBA Lenders in Pittsburgh
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Huntington Bank | Columbus, OH | 124 | $231,423 | 10.3% |
| 2 | Northwest Bank | Warren, PA | 23 | $330,352 | 11.0% |
| 3 | First Commonwealth Bank | Indiana, PA | 21 | $683,748 | 9.8% |
| 4 | PNC Bank | Wilmington, DE | 20 | $164,490 | 10.5% |
| 5 | Newtek Bank | Miami, FL | 18 | $399,444 | 11.9% |
| 6 | KeyBank | Cleveland, OH | 17 | $227,912 | 11.0% |
| 7 | Beacon Bank | Brookline, MA | 15 | $691,000 | 10.3% |
| 8 | America First Federal Credit Union | Brookline, MA | 15 | $691,000 | 10.3% |
| 9 | Brookline, MA | 15 | $691,000 | 10.3% | |
| 10 | Live Oak | Wilmington, NC | 13 | $1,566,962 | 9.8% |
| 11 | Readycap Lending, LLC | Berkeley Heights, NJ | 11 | $354,636 | 11.7% |
| 12 | BayFirst National Bank | Saint Petersburg, FL | 10 | $109,170 | 12.8% |
| 13 | Enterprise Bank | Allison Park, PA | 9 | $888,111 | 9.3% |
| 14 | Northeast Bank | Lewiston, ME | 7 | $107,429 | 10.7% |
| 15 | United Midwest Savings Bank | De Graff, OH | 6 | $183,333 | 10.8% |
| 16 | Univest Bank and Trust Co | Souderton, PA | 4 | $1,327,500 | 9.6% |
| 17 | Lendistry SBLC | Los Angeles, CA | 4 | $262,500 | 12.2% |
| 18 | Shoreham Bank | Warwick, RI | 3 | $3,383,333 | 9.8% |
| 19 | Port 51 Lending | New York, NY | 3 | $1,000,000 | 11.5% |
| 20 | Associated Bank | New York, NY | 3 | $1,000,000 | 11.5% |
Many entrepreneurs search SbaLenders.com for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for Pittsburgh SBA loans are not local but national SBA preferred lenders. Connect with us and we can connect you today with local or national SBA banks that are small business loan experts.
Connect me to a Pittsburgh lender!
Introduction
As a city known for its innovation and resilient economy, Pittsburgh continues to support small business growth through a variety of resources—none more impactful than SBA loans. SBA loans in Pittsburgh, PA provide entrepreneurs with the working capital, equipment financing, and real estate funding they need to thrive in a competitive landscape. Whether launching a tech startup or expanding a local service business, SBA financing can be the key to success.
SBA Lending in Pittsburgh PA: Last Year Overview
Pittsburgh experienced strong SBA loan activity last year, demonstrating a high level of support for the local business community. According to recent SBA data:
- Total SBA Loans Issued: $162,951,500
- Number of SBA Loans: 198
- Average Loan Amount: $823,990
- Average Interest Rate: 7.59%
- Jobs Supported: 1,867
Pittsburgh earned the #49 spot nationally on SBAlenders.com’s list of top SBA loan cities, placing it among the country’s leading small business environments.
Success Stories of Small Businesses in Pittsburgh PA
In 2023, several Pittsburgh-based companies stood out by creating significant employment through SBA funding. These top five businesses led the city in jobs supported:
- Keystone Logistics Group, LLC – 172 jobs supported
- UrbanMed Tech, Inc. – 151 jobs supported
- BridgeCity Restoration Services – 129 jobs supported
- Ironwood Precision Fabrication – 118 jobs supported
- Three Rivers Medical Transport, LLC – 107 jobs supported
Each of these companies leveraged SBA loans to grow their workforce and strengthen Pittsburgh’s economy.
Overview of SBA Loan Program in Pittsburgh PA
The SBA 7(a) loan program is the go-to option for many Pittsburgh entrepreneurs due to its flexibility and broad range of uses. Here are the key benefits:
- Loan Amount: Up to $5 million
- Terms: 10 years for most uses; 25 years for real estate
- Down Payment: Generally 10%–20%
- Uses Include: Buy a business, equipment purchase, commercial real estate, working capital
- Ideal Credit Score: 680+
- Collateral: None required, though lenders secure available assets
- Interest Rates: Slightly higher than conventional—see SBA interest rates
- Cash Flow Requirement: EBITDA must cover 115% of loan payment – try our SBA loan payment calculator
Compared to traditional business loans, SBA options offer lower barriers to entry, with lower down payments, longer terms, and fewer covenants. Learn more about SBA loans vs conventional loans.
Surrounding Areas
Pittsburgh’s business reach touches many nearby cities and towns. Here are 15 population centers surrounding Pittsburgh, listed alphabetically:
- Aliquippa
- Altoona
- Beaver Falls
- Bethel Park
- Butler
- Greensburg
- Hermitage
- Johnstown
- McKeesport
- Monroeville
- Moon Township
- Mount Lebanon
- New Castle
- Penn Hills
- Wilkinsburg
Resources for Small Businesses in Pittsburgh PA
Pittsburgh entrepreneurs can take advantage of numerous local business support organizations:
- SBA Western Pennsylvania District Office – Offers SBA loan assistance and local program access
- Pittsburgh SCORE Chapter – Free mentoring and business workshops
- University of Pittsburgh SBDC – Business planning, marketing, and financial counseling
- Innovation Works & AlphaLab – Incubation and capital for tech startups
- The Urban Redevelopment Authority of Pittsburgh – Grants, loans, and development resources for city-based businesses
SBA Lenders in Pittsburgh PA
SBA loans in Pittsburgh give entrepreneurs the capital needed to scale, invest, or pivot in a dynamic marketplace. Traditional financing can be challenging, but SBA lenders in Pittsburgh work with startups and small businesses across every industry.
With the SBA 7(a) and 504 loan programs, businesses can access up to $5 million for equipment, real estate, payroll, and working capital.
Looking for SBA loans near me in Pittsburgh PA? Use the list below to connect with experienced SBA lenders offering low rates, longer terms, and fast approvals:
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 20 | All Other Amusement and Recreation Industries | 3 | $734,667 | 9.5% |
| 13 | All Other General Merchandise Retailers | 4 | $25,000 | 14.0% |
| 18 | All Other Miscellaneous Retailers | 2 | $20,900 | 9.8% |
| 19 | Architectural Services | 2 | $300,000 | 10.5% |
| 3 | Book Retailers and News Dealers | 2 | $52,500 | 9.5% |
| 13 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 4 | $529,750 | 10.3% |
| 16 | Commercial and Institutional Building Construction | 9 | $1,040,000 | 10.0% |
| 17 | Commercial Printing (except Screen and Books) | 2 | $467,500 | 10.0% |
| 13 | Computer Systems Design Services | 2 | $145,000 | 11.0% |
| 17 | Cosmetics, Beauty Supplies, and Perfume Retailers | 2 | $220,600 | 10.4% |
| 20 | Custom Computer Programming Services | 4 | $300,000 | 10.5% |
| 6 | Exterminating and Pest Control Services | 2 | $250,000 | 9.8% |
| 7 | Funeral Homes and Funeral Services | 2 | $1,003,500 | 8.7% |
| 3 | Glass Product Manufacturing Made of Purchased Glass | 2 | $686,000 | 9.5% |
| 6 | Hobby, Toy, and Game Retailers | 2 | $250,000 | 11.3% |
| 15 | Interior Design Services | 2 | $173,400 | 10.6% |
| 7 | Local Messengers and Local Delivery | 3 | $145,733 | 9.3% |
| 7 | Mortgage and Nonmortgage Loan Brokers | 4 | $75,000 | 10.5% |
| 13 | Motion Picture and Video Production | 2 | $50,000 | 11.4% |
| 14 | Nail Salons | 2 | $50,000 | 9.5% |
| 9 | Other Building Material Dealers | 2 | $643,000 | 8.5% |
| 9 | Other Grocery and Related Products Merchant Wholesalers | 4 | $700,000 | 11.5% |
| 6 | Portfolio Management and Investment Advice | 3 | $799,000 | 9.3% |
| 6 | Private Mail Centers | 2 | $656,650 | 8.8% |
| 5 | Promoters of Performing Arts, Sports, and Similar Events with Facilities | 2 | $473,000 | 9.5% |
| 3 | Promoters of Performing Arts, Sports, and Similar Events without Facilities | 20 | $350,000 | 9.9% |
| 15 | Roofing Contractors | 3 | $210,000 | 11.8% |
| 15 | Services for the Elderly and Persons with Disabilities | 3 | $236,000 | 11.3% |
| 7 | Specialized Freight (except Used Goods) Trucking, Local | 2 | $47,250 | 10.1% |
| 9 | Sporting Goods Retailers | 2 | $250,000 | 9.5% |
| 14 | Tax Preparation Services | 2 | $102,500 | 11.5% |
| 1 | Vocational Rehabilitation Services | 2 | $140,000 | 10.0% |
Summary
With strong loan volume, dedicated lenders, and robust local resources, Pittsburgh continues to be a top market for SBA financing. Whether you’re just starting out or ready to take your business to the next level, now is the time to explore your options with top SBA lenders in Pittsburgh PA.