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Mowing lawns or landscaping residential or commercial properties for a living will give you that same sense of pride-while earning you some pretty serious cash. There are many advantages to running a home based lawn care or landscaping service. You’re master of your own destiny, and you can devote as much or as little time to the business as you want. So, to start up your own landscaping business, here’s our top 15 banks for your SBA Loans:
1) TD Bank — Wilmington, DE
2017: 143 loans, $42,945 average loan, average interest rate of 9.2%
Like the above-mentioned banks, being a Preferred SBA Lender, TD Bank is also able to guide you through the process with faster decision times for loan approvals. Their SBA Business Development Officers have broad and diverse industry experience building relationships with small businesses such as veterinary, pharmacy, and law firm. TD Bank takes pride in offering a simple and hassle-free SBA loan experience.
2) The Huntington National Bank — Columbus, OH
2017: 91 loans, $215,787 average loan, average interest rate of 6.2%
Huntington National Bank has been the #1 SBA lender for the past eight years in their region. Their SBA team of professionals provides creative SBA lending solutions for all types of businesses. Huntington is confident that they can offer superior turnaround time that most often exceeds the market competition.
3) Wells Fargo Bank — Sioux Falls, SD
2017: 105 loans, $291,534 average loan, average interest rate of 7.1%
As the nation’s largest SBA 7(a) lender in dollar volume since 2009, Wells Fargo Bank closed thousands of SBA loans. So, they promise that business owners will understand how to take advantage of the program they offer. Wells Fargo Bank offers long repayment terms for lower monthly payments, and lower down payments that make upfront costs more affordable. No wonder they’re #1 for Plumbing and HVAC loans.
4) JPMorgan Chase Bank — Columbus, OH
2017: 42 loans, $127,210 average loan, average interest rate of 7.2%
JPMorgan Chase Bank is confident that they can help you guide along the process as easy as possible while fully understanding each step you need to take. Just like Wells Fargo, JP Morgan is massive in size scale and is one of the largest banks in the world. So with their years of experience working with undeniable thousands of customers, JP Morgan can also be a great choice for you.
5) U.S. Bank — Cincinnati, OH
2017: 35 loans, $94,691 average loan, average interest rate of 7.3%
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.
Still undecided? Here’s our complete list to help you further:
| Rank | Bank | City | State | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|---|
| 1 | TD Bank | Wilmington | DE | 237 | $43,244 | 9.6% |
| 2 | Huntington National | Columbus | OH | 162 | $188,486 | 6.6% |
| 3 | Wells Fargo | Sioux Falls | SD | 101 | $263,852 | 8.3% |
| 4 | Independence Bank | East Greenwich | RI | 74 | $98,986 | 7.1% |
| 5 | U.S. Bank | Cincinnati | OH | 71 | $93,748 | 7.5% |
| 6 | JPMorgan Chase Bank | Columbus | OH | 70 | $107,596 | 8.0% |
| 7 | M&T | Buffalo | NY | 67 | $66,828 | 8.9% |
| 8 | Berkshire Bank | Pittsfield | MA | 45 | $122,964 | 6.3% |
| 9 | Celtic Bank | Salt Lake City | UT | 41 | $125,849 | 7.2% |
| 10 | Eastern Bank | Boston | MA | 39 | $58,144 | 9.9% |
| 11 | Citizens Bank | Providence | RI | 33 | $98,367 | 6.5% |
| 12 | First Home Bank | Seminole | FL | 33 | $265,915 | 7.3% |
| 13 | Compass Bank | Birmingham | AL | 29 | $25,593 | 8.7% |
| 14 | United Midwest Savings Bank | De Graff | OH | 27 | $144,444 | 7.6% |
| 15 | St. Mary's CU | Marlborough | MA | 23 | $28,196 | 4.9% |
| 16 | Zions Bank | Salt Lake City | UT | 20 | $57,210 | 9.5% |
| 17 | Stearns Bank | Saint Cloud | MN | 19 | $367,063 | 7.6% |
| 18 | KeyBank | Cleveland | OH | 17 | $371,641 | 7.4% |
| 19 | PNC Bank | Wilmington | DE | 17 | $179,253 | 7.8% |
| 20 | ESL FCU | Rochester | NY | 15 | $40,693 | 5.4% |
| 21 | Bank of the West | San Francisco | CA | 14 | $654,864 | 6.3% |
| 22 | Five Star Bank | Warsaw | NY | 12 | $44,583 | 6.3% |
| 23 | Newtek Small Business | Lake Success | NY | 12 | $584,275 | 7.5% |
| 24 | Byline Bank | Chicago | IL | 11 | $1,045,091 | 7.3% |
| 25 | Fifth Third Bank | Cincinnati | OH | 11 | $402,109 | 6.2% |
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