BlogSBAGoSBA’s 100 Top SBA Lenders Of 2024

GoSBA’s 100 Top SBA Lenders Of 2024

October 1, 2024
SBA
3 min read

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 2024.

 

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

You can use our SBA loan calculator to estimate your payments and total financing costs before applying for an SBA loan.

Note: Estimated payments, not including taxes and insurance. Actual payments may vary.

 

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