Top Pennsylvania SBA Lenders | PA SBA Loans

Last update: Mar 2, 2024

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Small businesses are crucial to the economy of the ‘Keystone State’. Pennsylvania remains one of the best markets for small business owners to take their companies to new heights. Thus Pennsylvania SBA lenders remain ready to extend support to business owners in diverse industries.

Pennsylvania SBA lenders are quite experienced in working with business owners in different industries. They help them secure financing under the various US Small Business Administration programs, including but not limited to the SBA 7(a) program. SBA lenders in Pennsylvania can provide financing for your medical practice, pharmacy, machine shop, restaurant, hotel or other type of business. 

These institutions excel in Pennsylvania SBA lending:

Top SBA lenders in Pennsylvania

State RankBankBank HQs # of LoansAvg Interest Avg Loan
1Huntington BankColumbus, OH 22310.2% $215,859
2TD BankWilmington, DE 18912.0% $100,593
3M&TBuffalo, NY 10912.5% $93,122
4BayFirst National BankSaint Petersburg, FL 7412.2% $161,269
5Northwest BankWarren, PA 6811.0% $206,159
6PNC BankWilmington, DE 5810.3% $341,567
7Meridian BankMalvern, PA 4410.2% $836,727
8Newtek BankMiami, FL 4011.9% $507,425
9Noah BankMiami, FL 4011.9% $507,425
10First Commonwealth BankIndiana, PA 3910.5% $501,246
11KeyBankCleveland, OH 3812.0% $129,239
12Wilmington Savings Fund SocietyWilmington, DE 3310.4% $1,001,103
13Wells FargoSioux Falls, SD 2613.3% $36,754
14PS BankWyalusing, PA 238.9% $101,470
15United Midwest Savings BankDe Graff, OH 2010.9% $277,100
16Univest Bank and Trust CoSouderton, PA 2010.9% $490,775
17BancorpSouth BankTupelo, MS 1910.9% $273,158
18Berkshire BankPittsfield, MA 1911.2% $887,105
19Readycap Lending, LLCBerkeley Heights, NJ 1812.2% $393,117
20Live OakWilmington, NC 179.6% $1,503,235

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Top industries receiving SBA loans in Pennsylvania

RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Full-Service Restaurants7710.5% $481,375
2Limited-Service Restaurants5010.6% $336,532
3Residential Remodelers4511.3% $159,040
4Plumbing, Heating, and Air-Conditioning Contractors3511.0% $186,820
5General Freight Trucking, Local3511.8% $126,011
6Child Day Care Services3210.6% $664,888
7Landscaping Services3010.8% $262,023
8Beauty Salons2711.9% $125,037
9General Automotive Repair2610.8% $214,754
10Fitness and Recreational Sports Centers2510.8% $326,828
11General Freight Trucking, Long Distance, Truckload2311.3% $95,861
12Electrical Contractors2311.5% $448,643
13All Other Specialty Trade Contractors2110.8% $226,419
14Janitorial Services1911.5% $211,989
15Snack and Nonalcoholic Beverage Bars1910.8% $305,984
16Other Personal Care Services1811.4% $362,733
17Drinking Places (Alcoholic Beverages)1611.0% $827,306
18Pet Care (except Veterinary) Services169.7% $556,681
19Hotels (except Casino Hotels) and Motels149.7% $1,461,921
20Supermarkets and Other Grocery (except Convenience) Stores1410.7% $432,814

SBA loans – Pennsylvania 

The following questions normally get asked about these Pennsylvania SBA lenders:

  1. Are they on the Pennsylvania preferred lender list?
  2. Are they approved to offer SBA loans in Pennsylvania?
  3. Do they participate in the Pennsylvania SBA Express lending program?
  4. Who are the biggest lenders in Pittsburgh and/or Philadelphia?

Business owners can rest assured that these lenders are very experienced with making small business loans. These are not small banks that only sanction a few loans per year. They have a thorough understanding of the SBA loan program and can effectively guide businesses about their options. 

The Pennsylvania SBA lenders on our list are ranked based on their recent loan activity. There are also nationwide SBA lenders that provide loans to businesses across the United States. These lenders aggressively compete for business owners that are looking to raise financing. 

They move very quickly and excel in rapid approvals for loan applications. Use our lender match tool to find suitable SBA lenders nationwide at no cost or obligation to you.

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