Top 10 Banks for SBA Wealth Management Loans


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Last annual update: Jul 16, 2020

Wealth management is one of the most popular career choices within the financial sector. If you are one of the many who considers wealth management as your next business, here’s our top banks who do considerable loan volumes to wealth management firms:


1) Live Oak Banking Company — Wilmington, NC
2018: 257 loans, $762,934  average loan, average interest rate of 6.9%

Live Oak Bank’s mission is to create an unprecedented banking experience for small business owners nationwide, through service and technology. They offer competitive rates and loan terms that’s why there’s no surprise that they kept the #1 ranking for Wealth Management Loans.



2) Byline Bank — Chicago, IL
2018: 14 loans, $797,530 average loan, average interest rate of 7.2%

With a  team of lending experts focused on providing creative solutions to your financial challenges, Byline Bank is no doubt #2 on our list for the second straight year. Byline dramatically increased its number of loans to wealth managers to 50 in 2018 from just 14 in 2017, so that’s a clear indication they like this industry. Byline also provides nationwide coverage with loan production offices throughout the Midwest and in Southern California.


3) TD Bank, National Association — Wilmington, DE
2018: 23 loans, $58,387 average loan, average interest rate of  8.9%

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. TD average loan is much lower than other major wealth manager lenders, which also equates to much higher average interest rates.


4) Wells Fargo  — Sioux Falls, SD
2018: 14 loans, $457,257 average loan, average interest rate of 7.3%

Wells Fargo is committed to the growth of businesses and is proud to be a leading SBA lender. They offer loans geared toward business needs of all sizes – including auto repair businesses. With business loans of $100,000 to $2 million to help cover major expenses, Wells Fargo could be a smart choice for your growing your wealth management business. business.

5) Celtic Bank — Salt Lake City, UT
2018: 13 loans, $94,615 average loan, average interest rate of 7.3%

Celtic Bank is a nationwide SBA lender that does a ton of SBA loans. Obviously,  by clocking in at #5 in this year’s rankings this bank loves wealth management business with their stable, recurring revenue components.Celtic Bank is headquartered in Salt Lake City, Utah, and is a privately owned industrial bank chartered by the State of Utah. They’re also an SBA Preferred Lender and was named as the 6th largest SBA lender in the nation last FY 2015. Founded in 2001, Celtic Bank is one of the leading nationwide small business lender specializing in SBA 7(a) and SBA 504.


Still undecided? Here’s our complete list of top small business lenders for SBA loans for wealth management firms:

RankBankCityState# of LoansAvg Loan $Avg Int
1Live OakWilmingtonNC60$1,000,3637.5%
2Byline BankChicagoIL39$769,5138.0%
3TD BankWilmingtonDE11$65,90910.0%
4First Home BankSaint PetersburgFL8$186,8758.1%
5U.S. BankCincinnatiOH8$20,80010.3%
6First State Bank NebraskaLincolnNE7$551,0007.8%
7The Huntington National BankColumbusOH5$253,0006.5%
8ESL FCURochesterNY4$51,2507.3%
9West Town Bank & TrustNorth RiversideIL4$157,5007.7%
10JPMorgan Chase BankColumbusOH4$512,5759.5%


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