Best SBA Lenders in Palm Springs, CA (2026)
2025 FOIA data: top lenders, rates & industries for Palm Springs SBA loans
SBA Loans in Palm Springs, California
Looking for an SBA loan in Palm Springs, California? Based on 2025 FOIA data, 18 SBA 7(a) loans were funded in Palm Springs totaling $15.9M, supporting an estimated 148 jobs. With 13 active lenders competing for business in the Palm Springs market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Palm Springs is $881K at an average rate of 9.86%. The top lender in Palm Springs is Mission Valley Bank, with the most-funded industry being Hotels (except Casino Hotels) and Motels. See all California SBA lenders for statewide rankings.
SBA Loans in Palm Springs by Business Type
Whether you’re starting a new business in Palm Springs, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 0% of SBA loans in Palm Springs (0 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 2% (1 loans) — if you’re looking to buy a business in Palm Springs, this is a proven use case for SBA financing. Existing businesses make up 66% and typically receive the most favorable terms.
Top SBA Lenders in Palm Springs, CA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Palm Springs businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Mission Valley Bank | $7.5M | 2 | 8.88% |
| 2 | Mega Bank | $5.0M | 1 | 9.5% |
| 3 | Banc of California | $914K | 1 | 6.5% |
| 4 | Bank of America, National Association | $900K | 1 | 5.7% |
| 5 | Cadence Bank | $350K | 1 | 10.25% |
| 6 | Wells Fargo Bank National Association | $304K | 1 | 8.08% |
| 7 | Northeast Bank | $230K | 2 | 10.25% |
| 8 | Lendistry SBLC, LLC | $185K | 2 | 12.12% |
| 9 | Royal Business Bank | $150K | 1 | 9.25% |
| 10 | CDC Small Business Finance Corp. | $125K | 2 | 10.5% |
The top lenders in Palm Springs have direct experience with local businesses and understand the Palm Springs market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Palm Springs and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Palm Springs
One 5-minute application. 13+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Palm Springs
These are the industries that received the most SBA 7(a) funding in Palm Springs in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Hotels (except Casino Hotels) and Motels | 2 | $7.5M |
| Outpatient Mental Health and Substance Abuse Centers | 1 | $5.0M |
| Other Building Finishing Contractors | 1 | $914K |
| Freight Transportation Arrangement | 1 | $900K |
| Offices of Lawyers | 1 | $350K |
| Offices of Chiropractors | 1 | $304K |
| Full-Service Restaurants | 1 | $150K |
| Limited-Service Restaurants | 2 | $120K |
| Payroll Services | 1 | $103K |
| Fine Arts Schools | 1 | $75K |
Lenders with experience funding your specific industry in Palm Springs understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Palm Springs
Option 1: Apply directly to one of the top Palm Springs lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Palm Springs-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
