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A few Idaho-based banks were among the largest lenders to “The Gem State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, 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 Idaho:
Most active SBA lenders in Idaho
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 110 | $145,209 | 7.9% |
| 2 | Zions Bank | Salt Lake City, UT | 57 | $91,625 | 9.1% |
| 3 | Wells Fargo | Sioux Falls, SD | 32 | $291,856 | 9.5% |
| 4 | Glacier Bank | Kalispell, MT | 31 | $133,003 | 7.0% |
| 5 | DL Evans Bank | Burley, ID | 31 | $102,216 | 6.7% |
| 6 | Washington Trust Bank | Spokane, WA | 22 | $620,173 | 6.1% |
| 7 | Columbia State Bank | Tacoma, WA | 20 | $180,265 | 7.7% |
| 8 | Northwest Bank | Boise, ID | 19 | $380,974 | 7.6% |
| 9 | United Midwest Savings Bank | De Graff, OH | 18 | $115,556 | 8.1% |
| 10 | Banner Bank | Walla Walla, WA | 14 | $87,393 | 7.1% |
| 11 | Mountain America FCU | Sandy, UT | 13 | $279,838 | 7.3% |
| 12 | Idaho First Bank | Mccall, ID | 12 | $209,258 | 7.3% |
| 13 | Idaho Central CU | Chubbuck, ID | 11 | $296,291 | 6.8% |
| 14 | First Home Bank | Saint Petersburg, FL | 10 | $203,500 | 8.2% |
| 15 | bankcda | Coeur D'Alene, ID | 9 | $252,422 | 7.5% |
| 16 | KeyBank | Cleveland, OH | 7 | $1,661,643 | 7.6% |
| 17 | Live Oak | Wilmington, NC | 7 | $1,200,000 | 7.0% |
| 18 | Stearns Bank | Saint Cloud, MN | 7 | $187,300 | 8.1% |
| 19 | Newtek Small Business Finance | Lake Success, NY | 6 | $363,833 | 8.0% |
| 20 | Bank of the West | San Francisco, CA | 5 | $604,000 | 6.3% |
Top Idaho PPP lenders (loans <$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | Idaho Central CU | 3,744 |
| 2 | D. L. Evans Bank | 2,500 |
| 3 | Glacier Bank | 2,454 |
| 4 | Zions Bank | 2,075 |
| 5 | U.S. Bank | 1,865 |
| 6 | First Interstate Bank | 1,140 |
| 7 | Washington Trust Bank | 1,017 |
| 8 | The Bank of Commerce | 1,014 |
| 9 | Wells Fargo Bank | 941 |
| 10 | Bank of Idaho | 906 |
Top Idaho PPP lenders (loans >$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | D. L. Evans Bank | 383 |
| 2 | Glacier Bank | 289 |
| 3 | Zions Bank | 288 |
| 4 | Washington Trust Bank | 273 |
| 5 | Idaho Central CU | 188 |
| 6 | First Interstate Bank | 183 |
| 7 | Idaho First Bank | 176 |
| 8 | U.S. Bank | 163 |
| 9 | KeyBank National Association | 160 |
| 10 | The Bank of Commerce | 130 |
Note: Idaho PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.