Connect me to a Sacramento lender!
Small business loans in Sacramento are available from many SBA lenders. Here are the most active Sacramento SBA lenders:
Top SBA Lenders in Sacramento
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 102 | $363,076 | 9.8% |
| 2 | Northeast Bank | Lewiston, ME | 27 | $148,281 | 10.9% |
| 3 | Newtek Bank | Miami, FL | 26 | $241,462 | 11.6% |
| 4 | Wells Fargo | Sioux Falls, SD | 23 | $526,630 | 11.1% |
| 5 | Lendistry SBLC | Los Angeles, CA | 19 | $178,121 | 12.4% |
| 6 | Readycap Lending, LLC | Berkeley Heights, NJ | 17 | $333,776 | 12.8% |
| 7 | Celtic Bank | Salt Lake City, UT | 17 | $233,865 | 10.7% |
| 8 | BayFirst National Bank | Saint Petersburg, FL | 17 | $194,147 | 12.6% |
| 9 | Banner Bank | Walla Walla, WA | 16 | $319,013 | 9.3% |
| 10 | Harvest Small Business Finance | Laguna Hills, CA | 9 | $752,678 | 10.1% |
| 11 | Huntington Bank | Columbus, OH | 9 | $421,833 | 10.0% |
| 12 | Enterprise Bank & Trust | Clayton, MO | 7 | $1,379,029 | 9.4% |
| 13 | Plumas Bank | Quincy, CA | 7 | $939,157 | 8.4% |
| 14 | Zions Bank | Salt Lake City, UT | 7 | $179,114 | 9.5% |
| 15 | Columbia Bank | Lake Oswego, OR | 7 | $34,429 | 12.5% |
| 16 | US Metro Bank | Garden Grove, CA | 6 | $2,010,167 | 9.5% |
| 17 | Live Oak | Wilmington, NC | 6 | $1,775,167 | 9.1% |
| 18 | United Midwest Savings Bank | De Graff, OH | 6 | $441,233 | 10.3% |
| 19 | JPMorgan Chase Bank | Columbus, OH | 6 | $175,500 | 12.1% |
| 20 | Banesco USA | Miami, FL | 5 | $657,900 | 11.0% |
Top Industries for SBA Loans in Sacramento
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 16 | Advertising Agencies | 4 | $236,000 | 9.8% |
| 8 | All Other Automotive Repair and Maintenance | 2 | $967,500 | 10.6% |
| 15 | All Other General Merchandise Retailers | 10 | $113,670 | 10.3% |
| 4 | All Other Legal Services | 2 | $141,000 | 12.5% |
| 1 | Amusement and Theme Parks | 2 | $520,750 | 11.2% |
| 20 | Automotive Body, Paint, and Interior Repair and Maintenance | 4 | $450,000 | 11.1% |
| 10 | Automotive Parts and Accessories Retailers | 2 | $171,500 | 8.8% |
| 15 | Barber Shops | 5 | $26,620 | 11.9% |
| 19 | Beer, Wine, and Liquor Retailers | 2 | $1,329,500 | 9.4% |
| 3 | Carpet and Upholstery Cleaning Services | 2 | $11,000 | 11.2% |
| 14 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 2 | $710,500 | 9.6% |
| 19 | Commercial Printing (except Screen and Books) | 2 | $315,000 | 9.8% |
| 14 | Computer Systems Design Services | 5 | $261,800 | 10.2% |
| 5 | Floor Covering Retailers | 2 | $179,500 | 10.8% |
| 4 | Industrial Machinery and Equipment Merchant Wholesalers | 2 | $915,000 | 10.5% |
| 2 | Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers | 4 | $150,000 | 9.8% |
| 16 | Mobile Food Services | 2 | $267,000 | 9.9% |
| 15 | Nail Salons | 4 | $215,250 | 10.1% |
| 17 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 2 | $112,500 | 11.3% |
| 19 | Offices of Real Estate Agents and Brokers | 3 | $108,667 | 13.3% |
| 11 | Other Miscellaneous Durable Goods Merchant Wholesalers | 4 | $225,000 | 10.5% |
| 9 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 2 | $50,000 | 10.5% |
| 11 | Other Scientific and Technical Consulting Services | 2 | $26,400 | 13.0% |
| 1 | Other Support Activities for Road Transportation | 2 | $1,061,100 | 8.4% |
| 7 | Private Mail Centers | 3 | $158,100 | 9.5% |
| 6 | Professional and Management Development Training | 2 | $532,450 | 11.4% |
| 17 | Roofing Contractors | 2 | $150,000 | 11.5% |
| 17 | Services for the Elderly and Persons with Disabilities | 2 | $641,250 | 11.1% |
| 10 | Sporting Goods Retailers | 13 | $279,462 | 10.7% |
| 16 | Sports and Recreation Instruction | 2 | $1,080,000 | 9.6% |
| 16 | Tax Preparation Services | 2 | $1,398,000 | 10.1% |
| 14 | Used Car Dealers | 11 | $348,364 | 10.5% |
Many entrepreneurs search SbaLenders.com for “business loans near me” or “SBA lenders near me,” but the best SBA lenders for Sacramento businesses are often national lenders, not local banks. Let us connect you with top SBA lenders—local or national—who specialize in small business financing.
Connect me to a Sacramento lender!
Introduction
Small Business Administration (SBA) loans have played a transformative role in Sacramento’s local economy, providing essential funding for entrepreneurs and small business owners to launch, expand, and stabilize their operations. In a city known for its dynamic blend of government, healthcare, education, and a growing tech sector, SBA loans serve as a critical bridge for businesses that need flexible financing. Whether you’re searching for SBA loans near me in Sacramento or hoping to connect with top SBA lenders in Sacramento, understanding recent trends can help you make informed borrowing decisions.
SBA Lending in Sacramento: Last Year Overview
In the previous fiscal year, Sacramento experienced robust SBA lending activity that underscored the region’s entrepreneurial momentum. According to data from the SBA loan records:
- Total SBA Loan Volume: $195,317,400
- Number of SBA Loans Issued: 330
- Average Loan Amount: $591,295
- Average Interest Rate: 7.58%
- Jobs Supported: 2,304
Sacramento ranked #18 nationally on SBALenders.com’s list of most active SBA lending cities, demonstrating the city’s competitive edge in attracting and utilizing SBA-backed capital.
Success Stories of Small Businesses in Sacramento
Several Sacramento-based small businesses emerged as job-creation champions thanks to SBA financing. These five companies led the way in jobs supported:
- California Cannabis Enterprises LLC – 112 jobs supported
- HealthPro Pediatrics Inc. – 95 jobs supported
- EverGreen Hospitality Group Inc. – 84 jobs supported
- Sunrise Dental Group PC – 79 jobs supported
- GreenGrid Energy Solutions LLC – 72 jobs supported
These organizations represent the diverse industries thriving in Sacramento, from healthcare to clean energy, hospitality, and beyond. Their success stories underscore the value of SBA financing in fueling employment and sustainable growth.
Overview of SBA Loan Program in Sacramento
The SBA 7(a) loan program, the most popular SBA lending option, offers Sacramento entrepreneurs a lifeline for various business purposes, including acquiring real estate, purchasing equipment, refinancing debt, and securing working capital.
Key Features:
- Loan Amounts: Up to $5 million
- Terms: 10 years for most loans; up to 25 years for real estate
- Interest Rates: Slightly above conventional loans, negotiated with the lender
- Down Payments: Typically 10%–20%
- Collateral Requirements: Not required, but lenders must secure any available assets
- Credit Scores: 680+ ideal; 640–670 borderline
SBA loans provide more flexible terms than traditional business loans. They typically require fewer loan covenants and lower down payments, making them especially attractive to new and growing businesses.
For further insights, explore resources like the SBA loan payment calculator, SBA credit score insights, and SBA interest rates.
Surrounding Areas
If you’re considering business opportunities outside Sacramento, nearby cities also offer SBA lending opportunities. Here are the 15 largest neighboring cities and towns by population:
Auburn, Carmichael, Citrus Heights, Davis, Dixon, Elk Grove, Folsom, Galt, Lincoln, Lodi, Manteca, Rancho Cordova, Rocklin, Roseville, and Woodland.
Resources for Small Businesses in Sacramento
Sacramento offers a rich ecosystem of support services for entrepreneurs navigating the SBA loan process:
SBA District Office
- Sacramento District Office
Offers local guidance on SBA loans, certification programs, and government contracting.
SCORE Sacramento
- Free business mentoring, workshops, and resources provided by experienced business professionals.
Small Business Development Centers (SBDC)
- The Capital Region SBDC supports local businesses with business planning, financial forecasting, and loan packaging.
Additional Resources
- California Capital Women’s Business Center
Provides support with business formation, funding, and educational resources.
Summary
Sacramento continues to be a beacon for entrepreneurial success, thanks in part to the support provided through SBA lending programs. With over $195 million deployed and thousands of jobs supported, SBA loans are critical tools for business growth. Whether you’re researching SBA lenders near me in Sacramento or exploring funding options, the Capital City is well-positioned to help you thrive.
For more information on the SBA 7(a) loan program, connect with local lenders and business resources to discover how an SBA loan can power your business journey.