Top SBA Lenders in Pennsylvania

In the Keystone State, where industries flourish and small businesses thrive, accessing reliable financing is vital. Small Business Administration (SBA) loans provide essential support, and understanding the leading lenders in Pennsylvania is crucial for entrepreneurs. Here’s an overview of the top SBA lenders in the state, each bringing unique strengths and opportunities for local businesses:

Pennsylvania’s Preferred SBA Lenders

RankBankBank HQ# of Loans Avg Loan Avg Interest
1The Huntington National BankColumbus, OH257 $212,534 7.0%
2TD BankWilmington, DE153 $96,255 9.2%
3M&TBuffalo, NY113 $220,811 8.3%
4First Commonwealth BankIndiana, PA76 $721,341 6.9%
5KeyBankCleveland, OH64 $273,741 7.7%
6PNC BankWilmington, DE64 $420,358 7.4%
7Meridian BankMalvern, PA58 $1,164,414 6.0%
8Wilmington Savings Fund SocietyWilmington, DE48 $738,598 6.6%
9Newtek Small Business FinanceLake Success, NY47 $791,762 7.3%
10Wells FargoSioux Falls, SD41 $51,744 10.3%
11BayFirst National BankSaint Petersburg, FL37 $249,197 8.6%
12Berkshire BankPittsfield, MA30 $900,473 7.3%
13Live OakWilmington, NC28 $1,210,536 6.7%
14Northwest BankWarren, PA28 $332,789 6.2%
15United Midwest Savings BankDe Graff, OH26 $745,231 7.2%
16Firstrust Savings BankConshohocken, PA24 $862,917 6.8%
17First National Bank of PennsylvaniaGreenville, PA23 $665,404 7.4%
18BancorpSouth BankTupelo, MS21 $306,129 7.6%
19Readycap Lending, LLCBerkeley Heights, NJ20 $609,015 7.9%
20Fulton BankLancaster, PA17 $780,941 7.4%
21Community First Capital CorpLancaster, PA16 $161,550 7.5%
22Celtic BankSalt Lake City, UT15 $1,417,940 7.8%
23Mid Penn BankMillersburg, PA15 $397,467 5.5%
24PS BankWyalusing, PA15 $179,360 5.7%
25Quaint Oak BankSouthampton, PA13 $544,308 6.5%
26Enterprise BankAllison Park, PA12 $781,550 7.2%
27Univest Bank and Trust CoSouderton, PA11 $1,142,909 7.1%
281st Colonial Community BankCollingswood, NJ10 $1,011,570 5.7%
29Fidelity Deposit and Discount BankDunmore, PA10 $292,690 4.8%
30Bank of AmericaCharlotte, NC8 $400,663 3.3%
31Byline BankChicago, IL8 $1,993,750 7.0%
32Citizens BankProvidence, RI8 $1,175,600 7.8%
33First IC BankDoraville, GA8 $1,379,125 5.6%
34Community BankCanton, NY7 $132,200 5.8%
35InFirst BankIndiana, PA7 $223,429 5.4%
36Santander BankWilmington, DE7 $51,286 9.5%
37First Bank of the LakeOsage Beach, MO6 $880,950 7.4%
38Five Star BankRancho Cordova, CA6 $1,254,500 7.4%
39PEOPLESBANKYork, PA6 $301,233 5.2%
40Tioga-Franklin Savings BankPhiladelphia, PA6 $1,095,350 7.3%

1. The Huntington National Bank

The Huntington National Bank, based in Columbus, OH, plays a significant role in Pennsylvania’s SBA lending landscape. Offering 257 loans, the bank focuses on providing moderate-sized loans with a competitive interest rate.

2. TD Bank

TD Bank, headquartered in Wilmington, DE, maintains a strong presence in Pennsylvania, providing 153 SBA loans. Focusing on accessibility through smaller loan amounts, businesses should be mindful of the higher average interest rate.

3. M&T

M&T, based in Buffalo, NY, stands as a regional player with 113 SBA loans in Pennsylvania. Known for its commitment to local businesses, M&T offers moderate-sized loans at a competitive interest rate.

4. First Commonwealth Bank

First Commonwealth Bank, proudly rooted in Indiana, PA, actively supports local businesses with 76 SBA loans. Specializing in substantial financing, it caters to businesses with significant funding needs at a competitive interest rate.

5. KeyBank

KeyBank, with its origins in Cleveland, OH, extends its services to Pennsylvania, offering 64 SBA loans. Striking a balance between accessibility and loan size, it caters to businesses with varying financial needs at a competitive interest rate.

6. PNC Bank

PNC Bank, headquartered in Wilmington, DE, plays a crucial role in Pennsylvania’s SBA lending landscape with 64 loans. Striking a balance between loan quantity and size, it caters to businesses with varying financial needs at a competitive interest rate.

7. Meridian Bank

Meridian Bank, based in Malvern, PA, actively contributes to Pennsylvania’s SBA lending landscape with 58 loans. Specializing in high-value loans, it provides substantial financial support at a competitive interest rate.

8. Wilmington Savings Fund Society

Wilmington Savings Fund Society, headquartered in Wilmington, DE, extends its services to Pennsylvania with 48 SBA loans. Offering a balanced approach to loan quantity and size, it caters to businesses seeking moderate financing with a competitive interest rate.

9. Newtek Small Business Finance

Newtek Small Business Finance, headquartered in Lake Success, NY, actively engages in Pennsylvania’s business community. With 47 loans, it provides a reliable option for businesses with substantial financing needs at a competitive interest rate.

10. Wells Fargo

Wells Fargo, based in Sioux Falls, SD, is a notable player in Pennsylvania’s SBA lending landscape, offering 41 loans. While providing accessible financing, businesses should be mindful of the higher average interest rate associated with their loans.

Pennsylvania businesses have a diverse array of SBA lending options, ranging from regional players to nationally recognized banks. Entrepreneurs should carefully consider factors such as the lender’s regional focus, loan quantity, average loan amount, and interest rates to make informed decisions that align with their business objectives. Whether seeking smaller, more accessible loans or substantial financial support, these top SBA lenders offer valuable resources to navigate the dynamic business environment in the Keystone State.

Top Industries for SBA loans in Pennsylvania

RankIndustry# of Loans Avg Loan Avg Interest
1Full-Service Restaurants71 $491,804 7.5%
2Limited-Service Restaurants58 $306,534 7.6%
3Residential Remodelers50 $197,010 8.5%
4All Other Specialty Trade Contractors39 $556,833 7.5%
5General Freight Trucking, Long Distance, Truckload39 $99,521 7.7%
6General Freight Trucking, Local37 $253,108 8.9%
7Landscaping Services36 $211,664 7.3%
8General Automotive Repair35 $322,589 7.0%
9Child Day Care Services29 $466,383 7.2%
10Beauty Salons28 $163,504 6.9%
11Plumbing, Heating, and Air-Conditioning Contractors26 $886,258 6.9%
12Hotels (except Casino Hotels) and Motels20 $2,665,495 6.1%
13Insurance Agencies and Brokerages20 $625,910 7.1%
14Fitness and Recreational Sports Centers18 $521,756 7.1%
15Offices of Dentists18 $901,300 6.3%
16Other Personal Care Services18 $301,761 7.6%
17Home Health Care Services16 $321,963 7.0%
18Snack and Nonalcoholic Beverage Bars16 $349,525 7.2%
19Electrical Contractors16 $252,181 7.5%
20Offices of Lawyers13 $709,531 7.0%
21Custom Computer Programming Services12 $669,708 6.0%
22Offices of Physicians (except Mental Health Specialists)12 $430,000 6.4%
23Funeral Homes and Funeral Services12 $1,141,358 7.8%
24Caterers11 $536,127 7.8%
25Car Washes11 $2,052,955 6.3%
26Site Preparation Contractors11 $281,164 7.9%
27Roofing Contractors11 $126,173 7.8%
28All Other Amusement and Recreation Industries10 $1,675,440 7.7%
29All Other Personal Services10 $208,730 7.7%
30Veterinary Services10 $1,401,120 6.1%
31Supermarkets and Other Grocery (except Convenience) Stores10 $378,950 6.6%
32Administrative Management and General Management Consulting Services10 $637,830 7.2%
33Sports and Recreation Instruction10 $809,830 8.0%
34Offices of Physical, Occupational and Speech Therapists, and Audiologi9 $481,056 8.8%
35Offices of All Other Miscellaneous Health Practitioners9 $409,267 7.6%
36New Single-Family Housing Construction (except Operative Builders)9 $49,944 9.3%
37Drinking Places (Alcoholic Beverages)9 $341,156 6.6%
38Automotive Body, Paint, and Interior Repair and Maintenance8 $475,375 7.0%
39Drywall and Insulation Contractors8 $158,500 6.2%
40Nail Salons8 $193,325 7.8%

Top SBA Loan Franchises in Pennsylvania

RankFranchiseName# of Loans Avg Loan Avg Interest
1Koala Insulation4 $161,500 5.9%
2The UPS Store4 $245,775 6.3%
3Subway4 $336,875 6.4%
4ServiceMaster3 $488,667 5.5%
5PrimoHoagies3 $359,333 5.8%
6Rita’s Ice-Custard-Happiness3 $330,367 6.5%
7Red Roof Inn3 $2,442,733 4.6%
8Celebree School3 $1,578,000 5.9%
9EverLine Coatings and Services3 $194,000 7.3%
10Santucci’s Original Square Piz2 $632,500 7.4%
11Chrysler – Sales and Service A2 $2,725,000 6.6%
12American Family Care/Doctors E2 $727,500 7.0%
13Flour Power2 $136,700 6.0%
14The UPS Store2 $114,000 8.5%
15Sam the Concrete Man2 $150,000 6.3%
16Always Faithful Dog Training2 $36,700 7.9%
17All Dry2 $150,000 6.0%
18Crestcom2 $150,000 8.3%
19Expense Reduction Analysts2 $150,000 7.5%
20Nothing Bundt Cakes2 $601,750 5.4%
21Home Instead Senior Care2 $625,000 5.8%
22Premier Martial Arts Studio2 $113,250 7.5%
23Naturals2Go2 $150,000 6.0%
24Apricot Lane2 $125,000 5.4%
25Ducklings Early Learning Cente2 $714,750 5.8%
26Home Instead Senior Care2 $617,200 5.4%
27The UPS Store2 $338,600 6.5%
28Patrice & Associates2 $150,000 9.0%
29Bio-One2 $150,000 8.3%
30Stretch Lab2 $122,500 5.1%
31Charleys Philly Steaks2 $297,500 7.8%
32Hello Garage2 $120,000 6.8%
33BrightStar Care Homes2 $795,000 9.3%
34Ivybrook Academy2 $330,300 6.0%
35Econo Lodge2 $1,525,000 7.0%
36Holiday Inn Express2 $4,395,000 7.5%
37JDog Carpet Cleaning2 $150,000 9.0%
38Dairy Queen Operating Agreemen2 $712,500 8.3%
39McAlister’s Deli2 $695,000 8.3%
40Dunkin’ Donuts2 $932,500 6.9%

Top Pennsylvania SBA Loan Borrowers by Jobs Supported

RankBusinessLocationIndustry Loan Size Interest Rate Jobs
1SUCCESSFUL AGING CARE NET INC.Upper Darby, PAChild Day Care Services $500K – $1M 5.5%200
2SOUTH ALLEGHENY SENIOR CARE LLPittsburgh, PAHome Health Care Services $500K – $1M 5.4%200
3BROAD STREET WILLOW LLCWillow Grove, PAAll Other Amusement and Recreation Industries $2.5M – $5M 8.8%200
4LENICK CONSTRUCTION INC.Jamison, PAAll Other Specialty Trade Contractors $2.5M – $5M 6.3%200
5OPPORTUNITY CONSTRUCTION LLCReading, PAHighway, Street, and Bridge Construction $500K – $1M 7.8%180
6WAFFLES INCAFFEINATED COBeaver, PAFull-Service Restaurants $500K – $1M 9.0%160
7PHILADELPHIA ANIMAL SPECIALTYPhiladelphia, PAVeterinary Services $1M – $2.5M 5.3%153
8TUSSEY MOUNTAIN SKI LLCBoalsburg, PASkiing Facilities $2.5M – $5M 6.8%150
9PATRIOT INTERNATIONAL FOODS INWarrington, PALimited-Service Restaurants $500K – $1M 8.3%144
10BURGER KING OF BETHELBethel, PAFull-Service Restaurants $250K – $500K 5.3%127
11FOX BINDERY INC.Hatfield, PASupport Activities for Printing $1M – $2.5M 9.0%124
12OMNI HEALTH SERVICES INC.Colmar, PAOutpatient Mental Health and Substance Abuse Centers $250K or less 9.0%100
13JT WAY LLCButler, PALimited-Service Restaurants $500K – $1M 6.3%97
14TRACEY MECHANICAL INC.Newtown Square, PAAll Other Specialty Trade Contractors $2.5M – $5M 5.3%97
15SKYWARD AVIATION INCWashington, PANonscheduled Chartered Passenger Air Transportation $2.5M – $5M 6.8%95
16ADVANCED NURSE TRANSPORT SERVIWarminster, PAAmbulance Services $250K – $500K 7.8%94
17124-34 S 15TH ST MANAGEMENT LLPhiladelphia, PADrinking Places (Alcoholic Beverages) $1M – $2.5M 5.3%90
18HOME CARE ASSITANCE OF HARRISBHarrisburg, PAHome Health Care Services $250K – $500K 5.5%85
19HOME INSTEAD FRANCHISE 688Skippack, PAServices for the Elderly and Persons with Disabilities $500K – $1M 5.8%84
20CENTRAL PA LANDSCAPING INC.Halifax, PALandscaping Services $500K – $1M 7.5%80
21CRITCHFIELD CONSTRUCTION INC.Somerset, PAResidential Remodelers $250K – $500K 5.5%75
22EDL FOODS LLCRussellton, PAFull-Service Restaurants $500K – $1M 5.0%75
23DNA WEST MANCHESTER LLCYork, PABaked Goods Stores $250K – $500K 5.0%74
24SONI INVESTMENT GROUP INCGibsonia, PALimited-Service Restaurants $250K – $500K 4.5%71
25BLUE BELL KITCHENS INCSpringhouse, PAInterior Design Services $1M – $2.5M 8.4%66
26REVOLUTION ENERGY SERVICES INMc Donald, PASupport Activities for Oil and Gas Operations $2.5M – $5M 8.3%65
27THE LIBRARY ON CARSON LLCPittsburgh, PAFull-Service Restaurants $250K or less 8.6%62
28IMMENSUS AUXILIUM LLCBensalem, PAHome Health Care Services $250K or less 10.5%61
29IMMENSUS AUXLLUM LLCBensalem, PAHome Health Care Services $1M – $2.5M 8.0%61
30HUROWITZ HOAGIES STRIP DISTRICPittsburgh, PALimited-Service Restaurants $250K – $500K 5.6%60
31GOODSTATE INCFort Washington, PAFood (Health) Supplement Stores $1M – $2.5M 6.0%60
32KRAMER-MARKS P.C.Ambler, PAArchitectural Services $2.5M – $5M 7.5%60
33BIUMY ENTERPRISES INCNorth Versailles, PAFull-Service Restaurants $250K – $500K 7.8%58
3429 MAIN INCHellertown, PAFull-Service Restaurants $1M – $2.5M 9.8%58
35CLAIR L. MARKEY INC.Hanover, PAOffices of Other Holding Companies $250K – $500K 5.3%56
36TOP POT & KOREAN BBQ INCBensalem, PAFull-Service Restaurants $1M – $2.5M 5.5%56
37LEAD & GAIN WORKFORCE SOLUTIONPhiladelphia, PAExecutive Search Services $250K – $500K 9.0%53
38SPOTTED CHAI LLCPittsburgh, PAFull-Service Restaurants $250K or less 7.5%52
39AL BLANCO HOLDINGS LLCPittsburgh, PAFull-Service Restaurants $1M – $2.5M 7.5%52
40BUCH MEDICAL CORP.Penn Valley, PAFreestanding Ambulatory Surgical and Emergency Centers $1M – $2.5M 8.5%52
41SERVICES WITH A PURPOSE INCHermitage, PAServices for the Elderly and Persons with Disabilities $250K or less 6.3%51
42PASSIONATE THOUGHTS BEHAVIORALBethlehem, PAOffices of Physicians, Mental Health Specialists $250K or less 9.0%50
43ABBEY ROAD CONTROL INCDrums, PASite Preparation Contractors $250K – $500K 6.3%50
44MCQUEEN BUILDING COMPANYPittsburgh, PAResidential Remodelers $500K – $1M 8.4%50
45FIT SERVICES PENNSYLVANIA LLCWindber, PAPlumbing, Heating, and Air-Conditioning Contractors $1M – $2.5M 5.0%50
46PITT SPECIALTY SUPPLY INC.Tarentum, PAOther Miscellaneous Nondurable Goods Merchant Wholesalers $1M – $2.5M 5.3%50
47VALVIN LLCEast Norristown, PAChild Day Care Services $1M – $2.5M 5.3%50
48VINCO ACADEMY LLCEaston, PAServices for the Elderly and Persons with Disabilities $2.5M – $5M 5.5%50
49MCGERMAN INCNorristown, PAFull-Service Restaurants $1M – $2.5M 8.0%49
50CWT MFG. LLCPhiladelphia, PAAll Other Plastics Product Manufacturing $2.5M – $5M 5.5%49
51PLAY LEARN THRIVE LLCGibsonia, PAElementary and Secondary Schools $250K or less 9.3%48
52BLUEBIRD STAFFING LLCLimerick, PAEmployment Placement Agencies $250K – $500K 6.0%48
53PURE EFFICIENCY CARRIER INC.Middletown, PAGeneral Freight Trucking, Local $1M – $2.5M 6.0%48
54LANCASTER PLUMBING & HEATING CEast Petersburg, PAPlumbing, Heating, and Air-Conditioning Contractors $2.5M – $5M 6.8%48
55ANGELA’S PRESCHOOL AND DAYCAREMcmurray, PA $2.5M – $5M 7.3%46
56KRISLEE ELECTRIC LLCSeven Valleys, PAElectrical Contractors $250K – $500K 6.0%45
57SUGARWOOD SERVICES LLCCanonsburg, PALandscaping Services $1M – $2.5M 7.0%45
58M&S DELIVERY INC.Middletown, PAGeneral Freight Trucking, Local $2.5M – $5M 8.5%45
59GERRY RAYMOND CHRYSLER DODGE JBrookville, PANew Car Dealers $2.5M – $5M 7.8%45
60REGIONAL EMERGENCY SUPPORT QUIWest Mifflin, PAAmbulance Services $500K – $1M 8.8%44
61ESCAJEDA CONTRACTING LLCPittsburgh, PAAll Other Specialty Trade Contractors $1M – $2.5M 8.0%44
62AVYAAN LLCAllentown, PAFull-Service Restaurants $500K – $1M 6.3%43
63FAMILY HOSPITALITY GROUP LLCRidley Park, PAFull-Service Restaurants $1M – $2.5M 7.8%42
64CANAL FITZWATER INCPhoenixville, PAFull-Service Restaurants $250K – $500K 5.9%41
65E & E ENTERPRISE CORPReading, PAAll Other Legal Services $250K or less 10.8%40
66RITA’S OF DOYLESTOWNDoylestown, PASnack and Nonalcoholic Beverage Bars $250K – $500K 6.3%40
67TLDS LANCASTER LLCLancaster, PABeauty Salons $250K – $500K 5.8%40
6840 COMMERCE DRIVE LLCReading, PAInsurance Agencies and Brokerages $500K – $1M 6.0%40
69GRADY & SONS EXCAVATION LLCPerkasie, PASite Preparation Contractors $500K – $1M 7.8%40
70MSC LOGISTICS INCNewville, PACouriers $1M – $2.5M 7.5%40
71CHESTER PERFETTO AGENCY INC.Reading, PAInsurance Agencies and Brokerages $1M – $2.5M 6.0%40
72AAYUSH DREAM LODGING LLCWilliamsport, PAHotels (except Casino Hotels) and Motels $2.5M – $5M 4.8%40
73SASAE GROUP LLCQuakertown, PACar Washes $2.5M – $5M 4.8%40
74GENTLE HEARTS HOME CARE AGENCYClifton Heights, PAServices for the Elderly and Persons with Disabilities $250K or less 10.8%38
75TACA INC.Kennett Square, PALimited-Service Restaurants $250K – $500K 8.0%38
76AMERISCEND LLC.Warminster, PAMachine Tool Manufacturing $500K – $1M 8.3%38
77TOMLINSON REAL ESTATE LPDuncansville, PAChild Day Care Services $1M – $2.5M 6.5%38
78LAFAVIO GROUP LLCBradford, PALimited-Service Restaurants $250K or less 6.0%37
79CAROUSEL CONNECTIONS LLCPhiladelphia, PAVocational Rehabilitation Services $500K – $1M 5.8%37
80TJ RUDY LLCNorth Huntington, PAFull-Service Restaurants $250K or less 5.6%36
81LIT MIRACLES LLCCamp Hill, PAWomen’s Clothing Stores $250K or less 5.4%36
82BOAS VISION ASSOCIATES LLCExton, PAOffices of Optometrists $250K or less 7.0%36
83DREAM BUILDERS CHILD CARE LLCHermitage, PAChild Day Care Services $250K – $500K 6.0%36
84J & R METAL PRODUCTS LLCLeola, PAAll Other Miscellaneous Fabricated Metal Product Manufacturing $1M – $2.5M 8.0%36
85GLOBAL CHEM-FEED SOLUTIONS LLWarminster, PAAll Other Basic Organic Chemical Manufacturing $1M – $2.5M 7.9%36
86GULIA OMENE DMD LLCPaoli, PAOffices of Dentists $2.5M – $5M 6.0%36
87COUNTYLINE REAL ESTATE LPHatboro, PAVeterinary Services $2.5M – $5M 6.8%36
88YEOMANS LLCPittsburgh, PA $250K or less 7.5%34
89ED LONDON DISTRIBUTORS LLCPhiladelphia, PAFlower, Nursery Stock, and Florists’ Supplies Merchant Wholesalers $250K or less 6.0%34
90AGW LLCHamburg, PAPhotography Studios, Portrait $250K or less 5.6%34
91AMENITY HOUSEKEEPING INCORPORAHaverford, PAAll Other Personal Services $250K – $500K 7.3%34
92603 BAKING CO NOTHING BUNDT CAAbington, PARetail Bakeries $250K – $500K 4.8%34
93FALLIEN COSMECEUTICALS LTDNorristown, PAOther Miscellaneous Nondurable Goods Merchant Wholesalers $500K – $1M 6.3%34
94H&S SOUTH PHILLY LLCPhiladelphia, PAAll Other Personal Services $500K – $1M 8.3%34
95PE METALWORKS INC.New Freedom, PASheet Metal Work Manufacturing $1M – $2.5M 7.8%34
96GLOBAL DATA MANAGEMENT SYSTEMSLansdale, PACustom Computer Programming Services $2.5M – $5M 6.3%34
97MISHA LLCHuntingdon Valley, PALessors of Nonresidential Buildings (except Miniwarehouses) $500K – $1M 9.8%33
98K LAB SWIM LESSONS 1 LLCPaoli, PAAll Other Miscellaneous Schools and Instruction $2.5M – $5M 7.0%33
99BELLISSIMA STUDIO LLCAliquippa, PABeauty Salons $250K or less 6.3%32
100LITTLE LENNONS EARLEY LEARNINGMalvern, PAChild Day Care Services $500K – $1M 5.8%32

Note about SBA lenders near me in Pennsylvania

When it comes to top Pennsylvania SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Pennsylvania preferred lender list, 2) approved lenders in Pennsylvania, or 3) active participants in the Pennsylvania SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Pennsylvania swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Pennsylvania, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.