Last annual update:
applY for a Washington DC SBA Loan
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 banks near me in Washington DC
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | M&T | Buffalo, NY | 35 | $90,400 | 9.2% |
| 2 | TD Bank | Wilmington, DE | 17 | $133,235 | 9.6% |
| 3 | BB&T | Winston Salem, NC | 7 | $268,914 | 7.6% |
| 4 | Newtek Small Business Finance | Lake Success, NY | 5 | $244,000 | 8.0% |
| 5 | Hanmi Bank | Los Angeles, CA | 4 | $535,250 | 7.1% |
| 6 | Wells Fargo | Sioux Falls, SD | 4 | $195,225 | 8.9% |
| 7 | Readycap Lending, LLC | Berkeley Heights, NJ | 3 | $2,131,000 | 6.9% |
| 8 | EagleBank | Bethesda, MD | 3 | $283,333 | 7.6% |
| 9 | Independence Bank | East Greenwich, RI | 3 | $150,000 | 8.3% |