Top 10 Banks for Real Estate SBA Loans (thru 7a program)

Last quarterly update: Mar 26, 2018

Nowadays, most professionals in the business want to eventually go off and do their own deals. Considering this, real estate has become a great hit  for many entrepreneurial-minded professionals. If you’re one of them, allow us to help you on choosing a bank that suits your needs for your real estate business. Here’s our Top 7 banks:

 

1) Wells Fargo Bank — SIOUX FALLS, SD
2017: 68 loans, $1,082,490 average loan, average interest rate of 5.2%

As the nation’s largest SBA 7(a) lender in dollar volume since 2009, Wells Fargo Bank closed thousands of SBA loans. With Wells Fargo Bank’s years of experience working with thousands of customers, including auto body shop owners, they can offer a deep understanding of business needs, and offer the best funding solutions available, with benefits you won’t find anywhere else.

2) U.S. Bank National Association — Cincinnati, OH
2017: 17 loans, $1,108,741 average loan, average interest rate of 5.8%

Committed to the growth of businesses, U.S. Bank is proud to be a leading SBA lender. They offer loans geared toward business needs of all sizes.

3) Seacoast Commerce Bank — SAN DIEGO, CA
2017: 15 loans, $ 1,090,520 average loan, average interest rate of 6.2%

Seacoast Commerce Bank’s specialty is providing financing for a small business that is looking to purchase, construct, improve or refinance a building for their business. They have a team of seasoned SBA professionals that can assist you in obtaining financing for your auto body shop business. If you want a quick decision on your loan application, Seacoast Commerce Bank is the right lender for you.

4) Byline Bank — CHICAGO, IL
2017: 13 loans, $1,348,769 average loan, average interest rate of 6.7%

With a team of lending experts, Byline Bank is focused on providing creative solutions to your financial challenges and want to work together to ensure your goals are met. With their flexible terms and lower-equity contributions, Byline Bank can no doubt help your business grow.

 

5) Simmons Bank — Pine Bluff, AR
2017: 11 loans, $895,864 average loan, average interest rate of 6.3%

Simmons Bank provides a comprehensive suite of products and services to meet all of your business lending needs. As an SBA Preferred Lender in all 50 states, they can act as a direct agent of the federal agency to approve loans on SBA’s behalf in-house, expediting the loan process. And they do it all with personalized service every step of the way.

 

6) M&T Bank — Buffalo, NY
2017: 8 loans, $328, 375 average loan, average interest rate of 6.9%

Now more than ever, small businesses need the support of strong, stable banks to succeed. When you work with M&T, not only will you benefit from local decision-making, you’ll have one of the nation’s leading SBA lenders on your side.

 

If you’re still undecided, look no further, here’s the complete list of top 9 banks for SBA real estate loans:

RankBankCityST# LoansAvg LoanAvg Int
1Wells FargoSioux FallsSD68$1,082,4905.2%
2U.S. BankCincinnatiOH17$1,108,7415.8%
3Seacoast Commerce BankSan DiegoCA15$1,090,5206.2%
4Byline BankChicagoIL13$1,348,7696.7%
5Simmons BankPine BluffAR11$895,8646.3%
6M&TBuffaloNY8$328,3756.9%
7CoBiz BankDenverCO7$927,3435.1%
8Meadows BankLas VegasNV6$1,448,1505.8%
9Pinnacle BankScottsdaleAZ6$911,1676.2%
10Arvest BankFayettevilleAR4$253,7255.6%