Top Banks for SBA Law Firm Loans

Last update: Feb 3, 2022

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In the beginning of legal technology, few legal pads, telephones, and typewriters are the basic pieces of stuff you’ll see in a newly opened practice. Now, as the technology progresses, modern lawyers strive to keep up with the costs of being a competent practitioner, maintain the office, and expand a successful practice. In some instances, a Small Business Administration (SBA) loan can be the best option for a small law firm. So if you’re ready to be ahead of the competition, here are the top banks for law firm SBA loan:

RankBankCityState# of LoansAvg Loan $Avg Interest
1U.S. BankCincinnatiOH82$358,4345.7%
2The Huntington National BankColumbusOH67$273,4645.5%
3Wells FargoSioux FallsSD47$440,1626.6%
4TD BankWilmingtonDE29$158,6037.7%
6First Home BankSaint PetersburgFL23$248,2226.3%
7Eastern BankBostonMA21$55,4766.1%
8Five Star BankRancho CordovaCA20$195,3506.1%
9FinWise BankSandyUT19$1,059,4746.2%
10JPMorgan Chase BankColumbusOH19$356,4846.2%

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