Top SBA Lenders – SBA Loans California

Last annual update: Jan 23, 2023

 

A note about these California SBA lenders – People frequently ask us if one of the banks above is 1) on the California preferred lender list 2) an approved lender in California, or 3) participating in the California SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in California and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in California. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We provide business loan activity for borrowers by state, as well as the major California markets of Los Angeles, Sacramento, San Diego, San Francisco, and San Jose.

We would be remissed if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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Most Active SBA lenders in California

CA RankCalifornia BankBank HQs# of LoansAvg InterestAvg CA Loan
1U.S. BankCincinnati, OH7386.7%$181,967
2Wells FargoSioux Falls, SD2568.2%$430,031
3BayFirst National BankSaint Petersburg, FL1508.0%$289,716
4Newtek Small Business FinanceLake Success, NY1377.6%$684,566
5CDC Small Business FinanceSan Diego, CA1338.6%$157,679
6BancorpSouth BankTupelo, MS1287.1%$253,766
7Celtic BankSalt Lake City, UT1186.8%$956,218
8Live OakWilmington, NC1176.3%$1,660,564
9Readycap Lending, LLCBerkeley Heights, NJ1147.6%$556,389
10Bank of AmericaCharlotte, NC1033.6%$382,943
11Commonwealth Business BankLos Angeles, CA1015.9%$1,040,000
12Harvest Small Business FinanceLaguna Hills, CA1006.5%$1,322,764
13Bank of HopeLos Angeles, CA956.3%$411,739
14JPMorgan Chase BankColumbus, OH896.6%$303,900
15MUFG Union BankSan Francisco, CA795.4%$1,395,466
16Bank of the WestSan Francisco, CA705.8%$1,235,761
17Enterprise Bank & TrustClayton, MO625.7%$1,564,423
18The Huntington National BankColumbus, OH577.3%$333,639
19East West BankPasadena, CA555.7%$1,104,318
20Comerica BankDallas, TX525.9%$219,673
Here are the top 50 industries in California (based on small business loan volume from last year) so you can get a sense of what you may expect for your business in terms of interest rate:
RankCalifornia Small Business# of LoansAvg LoanAvg Rate
1Hotels (except Casino Hotels) and Motels1,164$1,986,1575.4%
2Gasoline Stations with Convenience Stores1,286$1,429,1915.7%
3Full-Service Restaurants3,034$431,4536.7%
4Offices of Dentists1,807$655,5675.9%
5Offices of Physicians (except Mental Health Specialists)1,280$583,8916.1%
6Limited-Service Restaurants1,958$358,8376.6%
7Car Washes413$1,457,4015.9%
8Lessors of Nonresidential Buildings (except Miniwarehouses)506$1,164,3965.5%
9Beer, Wine, and Liquor Stores1,272$449,3146.0%
10Coin-Operated Laundries and Drycleaners573$812,4455.6%
11Women's, Children's, and Infants' Clothing and Accessories Merchant Wh589$774,0956.0%
12Supermarkets and Other Grocery (except Convenience) Stores666$650,9206.2%
13Veterinary Services464$934,2385.7%
14General Automotive Repair898$400,6276.6%
15Other Miscellaneous Nondurable Goods Merchant Wholesalers541$654,6116.0%
16Other Miscellaneous Durable Goods Merchant Wholesalers498$691,5476.0%
17Offices of Lawyers962$344,5446.9%
18All Other Specialty Trade Contractors827$384,2616.7%
19Convenience Stores772$399,0416.2%
20Fitness and Recreational Sports Centers820$372,1856.9%
21Child Day Care Services467$631,2396.5%
22Automotive Body, Paint, and Interior Repair and Maintenance443$663,0816.2%
23Homes for the Elderly289$1,004,3426.0%
24All Other Professional, Scientific, and Technical Services614$464,6486.3%
25Pharmacies and Drug Stores423$649,5026.2%
26Plumbing, Heating, and Air-Conditioning Contractors809$304,8307.0%
27Insurance Agencies and Brokerages540$427,3106.5%
28General Freight Trucking, Long Distance, Truckload663$332,4927.5%
29Home Health Care Services442$462,0326.8%
30General Freight Trucking, Local697$292,8957.2%
31Wineries169$1,179,0826.3%
32Engineering Services450$422,0086.8%
33Investment Advice317$556,8836.5%
34Electrical Contractors657$250,1347.2%
35Used Car Dealers357$456,6567.4%
36Snack and Nonalcoholic Beverage Bars610$266,0157.0%
37Recyclable Material Merchant Wholesalers163$956,0506.1%
38Offices of Real Estate Agents and Brokers403$386,1146.9%
39Machine Shops294$526,2946.1%
40Drinking Places (Alcoholic Beverages)344$434,6216.7%
41Offices of Certified Public Accountants492$301,5756.5%
42All Other Personal Services438$338,4667.2%
43Breweries261$540,8686.6%
44Lessors of Miniwarehouses and Self-Storage Units89$1,584,4795.9%
45Beauty Salons713$195,7107.4%
46Other Personal Care Services438$307,6517.0%
47Commercial and Institutional Building Construction435$307,0566.9%
48Automotive Parts and Accessories Stores275$471,9736.4%
49Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers170$741,1036.0%
50Drycleaning and Laundry Services (except Coin-Operated)423$294,0916.4%

 

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