Top Pennsylvania SBA Lenders | PA SBA Loans

Last update: May 8, 2023

 

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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

PA RankPennsylvania BankBank HQs# of LoansAvg InterestAvg PA Loan
1The Huntington National BankColumbus, OH2156.7%$217,237
2TD BankWilmington, DE1018.5%$100,485
3M&TBuffalo, NY977.8%$199,381
4PNC BankWilmington, DE516.7%$493,684
5First Commonwealth BankIndiana, PA496.4%$665,641
6KeyBankCleveland, OH497.4%$312,886
7Newtek Small Business FinanceLake Success, NY467.2%$787,235
8Meridian BankMalvern, PA445.7%$1,135,045
9Wilmington Savings Fund SocietyWilmington, DE376.2%$806,451
10BayFirst National BankSaint Petersburg, FL318.0%$250,881
11Wells FargoSioux Falls, SD309.9%$64,383
12Berkshire BankPittsfield, MA277.2%$939,970
13United Midwest Savings BankDe Graff, OH267.2%$745,231
14Northwest BankWarren, PA256.0%$352,284
15Live OakWilmington, NC246.1%$1,257,917
16Firstrust Savings BankConshohocken, PA206.5%$979,975
17Readycap Lending, LLCBerkeley Heights, NJ197.8%$636,674
18BancorpSouth BankTupelo, MS177.2%$318,453
19First National Bank of PennsylvaniaGreenville, PA176.7%$595,900
20Celtic BankSalt Lake City, UT167.7%$1,349,588

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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