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Menu
  • Find me a PPP lender
  • Lenders by Region
    • Local SBA Lenders
    • Top 25 SBA Lenders
  • by Industry
  • Posts
    • Posts
    • Archives
  • Covid Relief PPP
  • About Us
    • Contact Us
    • Terms and Conditions

Top SBA Lenders – SBA Loans Washington DC

Published by sbalenders On February 27, 2020

Last annual update: Jan 11, 2021

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Nationwide banks were among the largest lenders to Washington DC businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, 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 10 SBA Lenders in Washington DC:

Active SBA lenders in Washington DC

State RankBankBank Headquarters# of LoansAvg LoanAvg Interest
1M&TBuffalo, NY35$90,4009.2%
2TD BankWilmington, DE17$133,2359.6%
3BB&TWinston Salem, NC7$268,9147.6%
4Newtek Small Business FinanceLake Success, NY5$244,0008.0%
5Hanmi BankLos Angeles, CA4$535,2507.1%
6Wells FargoSioux Falls, SD4$195,2258.9%
7Readycap Lending, LLCBerkeley Heights, NJ3$2,131,0006.9%
8EagleBankBethesda, MD3$283,3337.6%
9Independence BankEast Greenwich, RI3$150,0008.3%

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Top DC PPP lenders (loans <$150,000)

RankBank# PPP Loans
1Bank of America1,417
2Kabbage806
3Wells Fargo Bank633
4Cross River Bank617
5PNC Bank578
6Truist Bank d/b/a Branch Banking & Trust Co572
7Celtic Bank Corporation542
8TD Bank378
9United Bank369
10Citibank311

Top DC PPP lenders (loans >$150,000)

RankBank# PPP Loans
1Truist Bank d/b/a Branch Banking & Trust Co311
2Bank of America270
3PNC Bank229
4EagleBank191
5United Bank169
6Sandy Spring Bank109
7TD Bank104
8Manufacturers and Traders Trust Company102
9Wells Fargo Bank92
10Capital Bank89

Note: Washington DC PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.

 

Categories: News Tags: DC
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