Top DC SBA Lenders | SBA Loans in DC

Last annual update: Apr 20, 2024

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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:

Top SBA lenders in Washington DC

RankSBA LenderHeadquarters# Loans Avg LoanAvg Interest
1M&TBuffalo, NY21 $340,04811.7%
2TD BankWilmington, DE16 $182,41911.5%
3Bank of AmericaCharlotte, NC3 $251,8339.4%
4PNC BankWilmington, DE3 $43,33311.3%
5Newtek Small Business FinanceLake Success, NY2 $1,547,50012.4%
6CapStar BankNashville, TN2 $1,253,80010.9%
7Cambridge Savings BankCambridge, MA2 $1,175,0009.6%
8Berkshire BankPittsfield, MA2 $960,00011.0%
9Hanmi BankLos Angeles, CA2 $840,50010.3%
10Huntington BankColumbus, OH2 $406,25011.1%

Top industries receiving SBA loans in DC

RankIndustry# Loans Avg LoanAvg Interest
1Residential Property Managers5 $283,00011.8%
2Other Scientific and Technical Consulting Services5 $110,00010.6%
3Administrative Management and General Management Consulting Services3 $1,061,66712.2%
4Beauty Salons3 $443,70011.6%
5Full-Service Restaurants3 $270,00011.4%
6Fitness and Recreational Sports Centers3 $108,33311.0%
7Other Management Consulting Services3 $71,66712.3%
8Limited-Service Restaurants2 $667,00010.3%
9Computer Systems Design Services2 $125,00011.6%
10Commercial and Institutional Building Construction2 $100,00011.3%

SBA loans – Washington DC

A note about these DC SBA lenders – People frequently ask us if one of the banks above is 1) on the Washington DC preferred lender list 2) an approved lender in DC, or 3) participating in the DC SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Washington DC and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in DC. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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