The U.S. Small Business Administration (SBA) Los Angeles District Office (LADO) serves Los Angeles, Santa Barbara, and Ventura Counties, which have a combined population base of nearly 11.5 million residents. If this area were a state, it would rank as the eighth most populous state in the Union. This tri-county service area is the nation’s top international trade and manufacturing center. There is a diverse economic base with trade, tourism, entertainment, technology and financial services leading the way. The Ports of Long Beach and Los Angeles are the busiest in the country, and L.A. remains a powerful force in manufacturing output.

 

Finding the best and cheapest business loans has been a hassle forever, so we make it easier by comparing all the best SBA lenders in Los Angeles for you. After reading our analysis, please click apply now and we will able to match you with the best SBA loan provides in Los Angeles.

 

GoSBA Loans is proud to announce the 2020, top 50 SBA banks providing SBA loans in Los Angeles. Los Angeles SBA loan providers led all other cities in nationwide and financed 2008 businesses valued over $1.1 billion in the FY of 2019. Los Angeles SBA loan funding also led nationally in SBA loans made to minority and women-owned businesses.

 

One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in Los Angeles include some of the larger banks like JPMorgan Chase and Wells Fargo, as well as some smaller players, including Celtic Bank and Zions First National Bank. Unfortunately, these banks have some of the strictest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Los Angeles. Applicants that apply for an SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top Los Angeles SBA lenders. Here is our GoSBA’s official ranking for the 50 Best Los Angeles SBA Lenders In 2020.

 

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	MUFG Union Bank, National Association	50	$75,537,600
2	Bank of Hope	167	$60,378,000
3	Pacific City Bank	60	$50,311,500
4	JPMorgan Chase Bank, National Association	174	$44,544,100
5	Commonwealth Business Bank	47	$38,318,000
6	Wells Fargo Bank, National Association	155	$36,226,900
7	Seacoast Commerce Bank	29	$34,169,000
8	Centerstone SBA Lending, Inc.	21	$33,880,500
9	East West Bank	61	$33,406,500
10	Hanmi Bank	50	$30,864,000
11	Newtek Small Business Finance, Inc.	34	$27,999,000
12	First Choice Bank	13	$24,804,100
13	Harvest Small Business Finance, LLC	17	$24,752,000
14	Bank of the West	32	$23,903,800
15	GBC International Bank	24	$23,897,000
16	U.S. Bank, National Association	184	$23,797,800
17	Live Oak Banking Company	15	$23,512,000
18	First Home Bank	104	$22,704,000
19	Commercial Bank of California	15	$19,663,200
20	Hana Small Business Lending, Inc.	12	$18,229,000
21	American Continental Bank	15	$17,091,500
22	Open Bank	18	$16,719,000
23	Crossroads Small Business Solutions, LLC	15	$15,901,500
24	United Business Bank	21	$14,890,500
25	Pacific Premier Bank	9	$14,703,300
26	Celtic Bank Corporation	44	$14,667,300
27	Umpqua Bank	18	$14,153,300
28	First Bank	16	$13,495,200
29	US Metro Bank	10	$10,917,500
30	Bank of America, National Association	18	$9,851,600
31	First General Bank	13	$9,411,700
32	American Business Bank	7	$9,355,200
33	CalPrivate Bank	8	$9,071,500
34	Zions Bank, A Division of	20	$8,954,900
35	CDC Small Business Finance Corporation	55	$8,817,700
36	Poppy Bank	4	$8,690,000
37	Five Star Bank	33	$8,385,000
38	BankUnited, National Association	5	$8,290,000
39	Readycap Lending, LLC	6	$8,270,400
40	EverTrust Bank	9	$7,894,000
41	Wallis Bank	4	$7,542,000
42	California International Bank, A National Banking Associatio	8	$7,233,000
43	The Bancorp Bank	6	$7,202,900
44	New Omni Bank, National Association	8	$7,049,500
45	City National Bank	12	$6,739,000
46	BBVA USA	4	$5,926,300
47	Pacific Enterprise Bank	5	$5,843,000
48	Independence Bank	40	$5,725,000
49	BSD Capital, LLC dba Lendistry	28	$5,630,000
50	Byline Bank	5	$5,581,500