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Top SBA Lenders in San Diego
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 158 | $394,071 | 9.7% |
| 2 | Newtek Bank | Miami, FL | 78 | $252,051 | 11.2% |
| 3 | Zions Bank | Salt Lake City, UT | 47 | $286,647 | 10.0% |
| 4 | CDC Small Business Finance | San Diego, CA | 41 | $175,732 | 11.7% |
| 5 | Northeast Bank | Lewiston, ME | 41 | $140,534 | 10.8% |
| 6 | Huntington Bank | Columbus, OH | 39 | $376,751 | 10.2% |
| 7 | Readycap Lending, LLC | Berkeley Heights, NJ | 37 | $163,878 | 13.2% |
| 8 | BayFirst National Bank | Saint Petersburg, FL | 35 | $127,531 | 12.8% |
| 9 | JPMorgan Chase Bank | Columbus, OH | 34 | $222,303 | 11.5% |
| 10 | Live Oak | Wilmington, NC | 32 | $1,367,891 | 9.2% |
| 11 | Lendistry SBLC | Los Angeles, CA | 29 | $139,541 | 12.4% |
| 12 | Celtic Bank | Salt Lake City, UT | 24 | $192,875 | 10.7% |
| 13 | Wells Fargo | Sioux Falls, SD | 23 | $204,670 | 11.7% |
| 14 | Bank of America | Charlotte, NC | 19 | $401,047 | 8.0% |
| 15 | CalPrivate Bank | La Jolla, CA | 15 | $913,273 | 10.7% |
| 16 | First Bank of the Lake | Osage Beach, MO | 14 | $334,571 | 11.9% |
| 17 | Banner Bank | Walla Walla, WA | 12 | $163,258 | 9.6% |
| 18 | Harvest Small Business Finance | Laguna Hills, CA | 9 | $1,485,700 | 10.1% |
| 19 | Plumas Bank | Quincy, CA | 9 | $864,000 | 8.3% |
| 20 | CenTrust Bank | Northbrook, IL | 9 | $241,667 | 10.8% |
Top Industries for SBA Loans in San Diego
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 17 | All Other General Merchandise Retailers | 2 | $8,000 | 10.7% |
| 5 | All Other Legal Services | 2 | $821,700 | 8.0% |
| 8 | All Other Miscellaneous Manufacturing | 3 | $238,333 | 10.8% |
| 2 | All Other Miscellaneous Schools and Instruction | 2 | $493,100 | 8.2% |
| 4 | All Other Transit and Ground Passenger Transportation | 4 | $250,000 | 11.5% |
| 8 | Appliance Repair and Maintenance | 3 | $146,667 | 12.5% |
| 6 | Automotive Glass Replacement Shops | 2 | $300,000 | 9.8% |
| 9 | Baked Goods Retailers | 2 | $315,000 | 10.1% |
| 17 | Barber Shops | 2 | $36,000 | 9.5% |
| 1 | Beer, Wine, and Liquor Stores | 2 | $739,750 | 9.3% |
| 3 | Book Publishers | 2 | $83,850 | 12.9% |
| 5 | Building Inspection Services | 8 | $150,000 | 11.8% |
| 13 | Car Washes | 4 | $32,500 | 10.7% |
| 17 | Caterers | 2 | $2,025,000 | 9.0% |
| 8 | Clothing and Clothing Accessories Merchant Wholesalers | 2 | $126,000 | 12.3% |
| 20 | Commercial and Institutional Building Construction | 3 | $264,800 | 8.6% |
| 16 | Computer Systems Design Services | 11 | $131,818 | 13.0% |
| 1 | Consumer Electronics and Appliances Rental | 4 | $450,000 | 11.5% |
| 16 | Convenience Retailers | 2 | $25,000 | 10.7% |
| 1 | Curtain and Linen Mills | 2 | $563,300 | 8.2% |
| 2 | Cut and Sew Apparel Contractors | 4 | $200,000 | 10.0% |
| 2 | Diagnostic Imaging Centers | 2 | $256,500 | 9.1% |
| 1 | Direct Mail Advertising | 4 | $150,000 | 10.0% |
| 8 | Educational Support Services | 2 | $45,000 | 8.5% |
| 6 | Electronic and Precision Equipment Repair and Maintenance | 2 | $506,650 | 8.4% |
| 18 | Engineering Services | 19 | $533,216 | 11.2% |
| 2 | Farm Supplies Merchant Wholesalers | 2 | $504,000 | 7.5% |
| 6 | Floor Covering Retailers | 2 | $325,000 | 10.4% |
| 4 | Florists | 2 | $91,000 | 7.6% |
| 6 | Food (Health) Supplement Retailers | 2 | $404,500 | 9.9% |
| 9 | Furniture Retailers | 2 | $400,000 | 10.3% |
| 10 | Gift, Novelty, and Souvenir Retailers | 2 | $95,900 | 11.3% |
| 1 | Golf Courses and Country Clubs | 2 | $2,500,000 | 8.3% |
| 11 | Graphic Design Services | 3 | $124,167 | 11.3% |
| 1 | Home Health Equipment Rental | 2 | $279,950 | 10.5% |
| 1 | Marinas | 4 | $215,000 | 10.5% |
| 18 | Mobile Food Services | 3 | $43,333 | 10.9% |
| 9 | Motor Vehicle Towing | 2 | $1,202,750 | 6.5% |
| 1 | Nursing Care Facilities (Skilled Nursing Facilities) | 2 | $1,197,150 | 10.4% |
| 20 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 4 | $1,416,875 | 8.6% |
| 15 | Other Building Finishing Contractors | 2 | $50,000 | 12.5% |
| 10 | Other Building Material Dealers | 2 | $1,840,000 | 9.3% |
| 2 | Other Electronic Component Manufacturing | 4 | $350,000 | 9.8% |
| 12 | Other Grocery and Related Products Merchant Wholesalers | 2 | $845,650 | 11.1% |
| 13 | Other Miscellaneous Durable Goods Merchant Wholesalers | 8 | $225,000 | 10.1% |
| 10 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 2 | $1,070,500 | 10.8% |
| 14 | Other Personal and Household Goods Repair and Maintenance | 2 | $25,000 | 9.2% |
| 1 | Other Residential Care Facilities | 2 | $1,161,500 | 7.8% |
| 13 | Other Scientific and Technical Consulting Services | 2 | $24,000 | 9.5% |
| 6 | Other Services Related to Advertising | 2 | $209,000 | 10.3% |
| 6 | Outpatient Mental Health and Substance Abuse Centers | 2 | $150,000 | 11.6% |
| 3 | Passenger Car Rental | 2 | $29,100 | 8.5% |
| 9 | Pharmacies and Drug Retailers | 3 | $1,937,333 | 9.0% |
| 11 | Photography Studios, Portrait | 2 | $10,000 | 12.0% |
| 8 | Portfolio Management and Investment Advice | 2 | $3,247,000 | 6.6% |
| 9 | Private Mail Centers | 5 | $44,000 | 13.2% |
| 9 | Remediation Services | 3 | $483,333 | 9.5% |
| 1 | Research and Development in Biotechnology (except Nanobiotechnology) | 5 | $213,900 | 10.5% |
| 19 | Residential Property Managers | 5 | $161,160 | 11.8% |
| 4 | Sporting and Athletic Goods Manufacturing | 4 | $350,000 | 10.8% |
| 6 | Sporting and Recreational Goods and Supplies Merchant Wholesalers | 3 | $628,333 | 10.2% |
| 20 | Tax Preparation Services | 3 | $783,833 | 9.2% |
| 3 | Testing Laboratories and Services | 4 | $350,000 | 10.5% |
| 16 | Used Car Dealers | 2 | $1,880,000 | 7.0% |
| 4 | Used Merchandise Retailers | 2 | $630,000 | 7.8% |
| 9 | Veterinary Services | 4 | $991,050 | 9.3% |
| 10 | Wholesale Trade Agents and Brokers | 2 | $2,270,000 | 8.5% |
| 8 | Wine and Distilled Alcoholic Beverage Merchant Wholesalers | 2 | $96,500 | 9.6% |
Finding the right SBA lender in San Diego is crucial for securing the funding your business needs. Whether you’re expanding, purchasing equipment, or managing cash flow, we connect you with top SBA lenders in San Diego and nationwide. Click “Connect me to a San Diego Lender” now to find the best financing options for your business!
Connect me to a San Diego lender!
Top SBA Lenders in San Diego | San Diego SBA Loans
Introduction
San Diego is a thriving business hub known for its innovation in technology, biotech, and tourism. However, securing funding remains a challenge for many small businesses. SBA loans in San Diego provide an excellent financing solution, offering low-interest rates, long repayment terms, and accessible capital for businesses that may not qualify for traditional loans. Whether you need funding to expand, purchase equipment, or manage cash flow, an SBA loan can help grow your business.
SBA Lending in San Diego: Last Year Overview
SBA lending continues to play a significant role in supporting San Diego’s small businesses. Here are key statistics from last year:
- Total SBA Loans Issued: $138,200,600
- Number of SBA Loans: 362
- Average Loan Amount: $381,769.61
- Average Interest Rate: 11.41%
- Jobs Supported: 3,799
- SBAlenders.com City Ranking: #16 in the U.S.
These figures highlight the role of SBA loans in San Diego, ensuring small business owners have access to funding while supporting job creation in the local economy.
Why Lenders Choose Us
Lenders work with us because we simplify the SBA loan process, ensuring business owners secure the best financing options available. Here’s why lenders trust us:
- Extensive Network of SBA-Approved Lenders: We connect businesses with the top SBA lenders in San Diego and nationwide.
- Efficient Loan Application Process: Our system simplifies approvals and minimizes paperwork.
- Expert Business Loan Guidance: Our team helps business owners navigate SBA loan requirements to maximize their chances of approval.
- Tailored Loan Matching: We analyze each business’s needs and match them with the most suitable lenders.
- Proven Success: Thousands of businesses have secured SBA funding through our platform, helping them expand and create jobs.
By working with us, lenders can efficiently support small businesses while ensuring successful loan outcomes.
Overview of SBA Loan Program in San Diego
The SBA 7(a) loan program is the most flexible SBA loan option, designed to support various business needs. Here’s what you need to know about SBA loans:
- 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 lenders within SBA’s maximum interest rate
- Use of Loan Proceeds: Business acquisitions, real estate purchases, equipment financing, 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 are designed for businesses that may not qualify under traditional lending standards, offering lower down payments, longer repayment terms, and fewer financial restrictions.
Surrounding Areas
Business owners in nearby areas may also find SBA lending opportunities in these cities:
Carlsbad, Chula Vista, Coronado, El Cajon, Encinitas, Escondido, La Jolla, La Mesa, Lemon Grove, National City, Oceanside, Poway, San Marcos, Santee, Vista.
Resources for Small Businesses in San Diego
San Diego business owners have access to valuable resources to support their growth:
- San Diego SBA District Office – Provides assistance with SBA loan programs and applications.
- SCORE San Diego – Offers free business mentoring and workshops.
- Small Business Development Centers (SBDC) – Provides consulting services for small businesses.
- San Diego Regional Chamber of Commerce – Connects business owners with networking and funding opportunities.
Summary
SBA loans continue to be a key funding source for small businesses in San Diego, providing necessary capital to fuel business growth and job creation. With competitive interest rates, flexible repayment terms, and strong business support, securing an SBA loan could be the key to your business’s success. If you’re looking for the best SBA lenders in San Diego, explore your options today and take the next step toward securing the right financing.