Last annual update:
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:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | M&T | Buffalo, NY | 25 | $181,800 | 8.1% |
| 2 | TD Bank | Wilmington, DE | 16 | $79,063 | 9.4% |
| 3 | Capital One | Mclean, VA | 6 | $424,000 | 6.7% |
| 4 | EagleBank | Bethesda, MD | 6 | $617,500 | 7.2% |
| 5 | Hanmi Bank | Los Angeles, CA | 6 | $534,333 | 6.8% |
| 6 | PNC Bank | Wilmington, DE | 5 | $111,000 | 7.3% |
| 7 | Wells Fargo | Sioux Falls, SD | 5 | $117,860 | 9.1% |
| 8 | Independence Bank | East Greenwich, RI | 4 | $137,500 | 6.6% |
| 9 | BB&T | Winston Salem, NC | 3 | $263,767 | 6.4% |
| 10 | Capital Bank | Rockville, MD | 3 | $478,333 | 6.8% |