GoSBA’s 100 Top SBA Lenders Of 2018
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of the United States. Part of these duties and responsibilities includes overseeing the SBA loan programs.
GoSBA Loans is proud to announce the 2018, top 100 SBA banks providing SBA loans throughout the United States. SBA approved over 68,000 loans in the 7(a) and 504 loan programs in 2017. These programs provided over $30 billion to small businesses. Loan origination in 2018 is already stated to be significantly higher and is expected to reach $35 billion. Nearly 30% of all SBA loans are currently made to startups launching businesses and 70% are made to existing businesses.
One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in the United States include some of the larger banks like Wells Fargo, JP Morgan as well as some smaller players, including Celtic Bank, Compass Bank, Independence Bank and TD Bank. Unfortunately, these banks have some of the more stringent underwriting requirements. Most small businesses are better off speaking with smaller and more aggressive SBA lenders. Applicants that apply for a SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top SBA lenders in the United States. Here is our GoSBA’s official ranking for the 100 Best SBA Lenders In 2018.
| Lender Name | Approval Count | Approval Amount |
|---|---|---|
|
Live Oak Banking Company
|
858
|
$1,268,746,600
|
|
Wells Fargo Bank, National Association
|
3,898
|
$1,197,731,100
|
|
The Huntington National Bank
|
4,628
|
$826,277,000
|
|
JPMorgan Chase Bank, National Association
|
2,604
|
$605,073,900
|
|
Newtek Small Business Finance, Inc.
|
767
|
$559,212,100
|
|
Byline Bank
|
454
|
$513,654,800
|
|
Celtic Bank Corporation
|
1,213
|
$421,426,500
|
|
Compass Bank
|
821
|
$357,782,700
|
|
First Bank
|
332
|
$357,463,300
|
|
U.S. Bank, National Association
|
2,286
|
$351,055,300
|
|
TD Bank, National Association
|
4,244
|
$340,004,600
|
|
Bank of Hope
|
455
|
$330,730,700
|
|
KeyBank National Association
|
614
|
$304,258,400
|
|
Seacoast Commerce Bank
|
297
|
$292,605,400
|
|
Stearns Bank National Association
|
806
|
$273,002,200
|
|
Bank of the West
|
436
|
$269,232,100
|
|
Harvest Small Business Finance, LLC
|
194
|
$266,029,200
|
|
First Home Bank
|
917
|
$245,338,800
|
|
BankUnited, National Association
|
207
|
$225,270,500
|
|
Readycap Lending, LLC
|
234
|
$222,657,900
|
|
Commonwealth Business Bank
|
192
|
$222,248,400
|
|
United Community Bank
|
283
|
$218,781,500
|
|
First Financial Bank
|
302
|
$209,597,000
|
|
Regions Bank
|
188
|
$187,617,400
|
|
Independence Bank
|
1,677
|
$185,085,000
|
|
Pinnacle Bank
|
179
|
$184,060,500
|
|
Bank of America, National Association
|
247
|
$183,636,000
|
|
Berkshire Bank
|
375
|
$179,036,800
|
|
Manufacturers and Traders Trust Company
|
1,403
|
$172,600,800
|
|
SunTrust Bank
|
263
|
$165,384,700
|
|
Pacific Premier Bank
|
95
|
$156,388,800
|
|
United Midwest Savings Bank, National Association
|
640
|
$155,658,000
|
|
First Bank Financial Centre
|
140
|
$148,976,800
|
|
Radius Bank
|
123
|
$142,816,700
|
|
Metro City Bank
|
88
|
$136,975,900
|
|
MUFG Union Bank, National Association
|
96
|
$135,163,200
|
|
Zions Bank, A Division of
|
663
|
$131,147,600
|
|
NOA Bank
|
128
|
$131,065,500
|
|
Pacific City Bank
|
147
|
$130,458,700
|
|
Pacific Western Bank
|
93
|
$126,837,800
|
|
Open Bank
|
105
|
$119,487,800
|
|
Atlantic Capital Bank, National Association
|
111
|
$119,384,500
|
|
Umpqua Bank
|
163
|
$117,259,100
|
|
Midwest Regional Bank
|
180
|
$114,943,100
|
|
Citizens Bank
|
151
|
$113,492,000
|
|
NewBank
|
114
|
$113,303,000
|
|
Hanmi Bank
|
217
|
$110,273,500
|
|
Fifth Third Bank
|
366
|
$106,729,100
|
|
First IC Bank
|
87
|
$103,022,000
|
|
First Savings Bank
|
79
|
$101,257,900
|
|
PNC Bank, National Association
|
525
|
$100,746,100
|
|
Spirit of Texas Bank, SSB
|
288
|
$98,655,300
|
|
Hana Small Business Lending, Inc.
|
88
|
$96,619,500
|
|
Noah Bank
|
99
|
$96,398,000
|
|
Green Bank, National Association
|
56
|
$95,132,500
|
|
The Bancorp Bank
|
102
|
$94,280,200
|
|
Synovus Bank
|
86
|
$93,681,600
|
|
Wallis State Bank
|
92
|
$92,332,600
|
|
Fidelity Bank
|
175
|
$92,270,500
|
|
Centerstone SBA Lending, Inc.
|
69
|
$90,378,500
|
|
East West Bank
|
161
|
$90,355,200
|
|
New Millennium Bank
|
96
|
$87,245,000
|
|
First National Bank of Pennsylvania
|
135
|
$85,647,200
|
|
First Choice Bank
|
76
|
$85,165,400
|
|
Comerica Bank
|
218
|
$82,587,200
|
|
Bank of George
|
45
|
$82,557,000
|
|
Capital One, National Association
|
135
|
$81,376,900
|
|
State Bank and Trust Company
|
184
|
$80,800,100
|
|
US Metro Bank
|
58
|
$79,024,800
|
|
Poppy Bank
|
45
|
$78,846,400
|
|
Fulton Bank, National Association
|
78
|
$78,615,800
|
|
Ameris Bank
|
65
|
$77,726,000
|
|
Five Star Bank
|
411
|
$77,490,800
|
|
FinWise Bank
|
124
|
$76,950,200
|
|
Chemical Bank
|
136
|
$73,960,700
|
|
First Western SBLC, Inc
|
33
|
$73,815,000
|
|
Stone Bank
|
65
|
$72,413,600
|
|
Meadows Bank
|
67
|
$71,873,000
|
|
Branch Banking and Trust Company
|
221
|
$71,823,800
|
|
Republic First Bank d/b/a Republic Bank
|
53
|
$71,191,500
|
|
First-Citizens Bank & Trust Company
|
105
|
$70,780,200
|
|
North State Bank
|
59
|
$69,667,300
|
|
Touchmark National Bank
|
46
|
$68,207,500
|
|
Citizens Bank, National Association
|
460
|
$67,361,700
|
|
Customers Bank
|
96
|
$65,110,200
|
|
Arvest Bank
|
119
|
$63,555,600
|
|
IBERIABANK
|
64
|
$62,214,500
|
|
Northeast Bank
|
32
|
$60,497,200
|
|
Webster Bank, National Association
|
176
|
$60,219,900
|
|
CenterState Bank, National Association
|
50
|
$56,854,900
|
|
Citizens Business Bank
|
92
|
$56,456,600
|
|
Texas Capital Bank, National Association
|
34
|
$55,143,500
|
|
Plumas Bank
|
56
|
$53,528,000
|
|
Banner Bank
|
303
|
$51,613,000
|
|
Wilmington Savings Fund Society, FSB
|
67
|
$50,599,800
|
|
Seacoast National Bank
|
205
|
$50,521,000
|
|
BNB Bank
|
42
|
$49,435,000
|
|
Eastern Bank
|
625
|
$48,614,500
|
|
Independent Bank
|
65
|
$48,219,600
|
|
Old National Bank
|
70
|
$48,143,900
|
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