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APPLY for a California SBA Loan
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
A few California-based banks were among the biggest lenders to “The Golden State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in California:
Fresno Irvine Los Angeles Riverside Sacramento San Diego San Francisco San Jose Santa Ana
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 1664 | $158,833 | 7.9% |
| 2 | Wells Fargo | Sioux Falls, SD | 590 | $236,162 | 9.4% |
| 3 | JPMorgan Chase Bank | Columbus, OH | 405 | $212,311 | 8.5% |
| 4 | Bank of Hope | Los Angeles, CA | 276 | $403,684 | 7.4% |
| 5 | First Home Bank | Saint Petersburg, FL | 259 | $242,293 | 8.1% |
| 6 | CDC Small Business Finance | San Diego, CA | 163 | $159,205 | 9.8% |
| 7 | Bank of the West | San Francisco, CA | 146 | $622,336 | 6.9% |
| 8 | MUFG Union Bank | San Francisco, CA | 127 | $1,208,281 | 5.7% |
| 9 | Newtek Small Business Finance | Lake Success, NY | 114 | $802,839 | 8.2% |
| 10 | Celtic Bank | Salt Lake City, UT | 112 | $736,054 | 7.8% |
| 11 | Commonwealth Business Bank | Los Angeles, CA | 104 | $759,981 | 7.0% |
| 12 | Live Oak | Wilmington, NC | 103 | $1,677,597 | 7.0% |
| 13 | Seacoast Commerce Bank | San Diego, CA | 98 | $1,194,494 | 7.1% |
| 14 | East West Bank | Pasadena, CA | 97 | $586,168 | 7.2% |
| 15 | Stearns Bank | Saint Cloud, MN | 97 | $370,845 | 8.1% |
| 16 | Independence Bank | East Greenwich, RI | 97 | $139,897 | 6.2% |
| 17 | Five Star Bank | Rancho Cordova, CA | 96 | $236,901 | 8.0% |
| 18 | Hanmi Bank | Los Angeles, CA | 90 | $565,367 | 7.4% |
| 19 | Comerica Bank | Dallas, TX | 84 | $158,739 | 6.9% |
APPLY for a California SBA Loan