GoSBA’s 50 Best San Francisco SBA Lenders In 2024
Introduction to San Francisco SBA Loans
The U.S. Small Business Administration (SBA) San Francisco District Office serves 14 counties, including Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Solano, and Sonoma. Together, these counties have a combined population base of nearly 7.7 million residents. This service area is a major U.S. tourism destination and one of California’s key ports, attracting numerous small business entrepreneurs. San Francisco possesses a diverse and prosperous economic base with technology, medical science, research, trade, and financial services driving growth and opportunities for small businesses.
Finding the Best San Francisco SBA Lenders
Finding the best and most affordable business loans can be challenging, but we make it easier by comparing all the top SBA lenders in San Francisco for you. Our detailed analysis will help you identify the best SBA lenders who can provide the funding you need for your business. After reading our analysis, click “Apply Now” to get matched with the best SBA loan providers in San Francisco.
Overview of San Francisco SBA Loans in 2024
GoSBA Loans is proud to announce the updated rankings for the 50 Best SBA Banks providing SBA loans in San Francisco in 2024. As one of the top 10 cities for small business entrepreneurs, San Francisco SBA loan providers financed 1,106 businesses valued at over $600.2 million in FY 2023. This level of funding has helped San Francisco maintain its status as a vibrant center for entrepreneurship, fostering growth in a diverse range of industries.
Challenges in Securing SBA Loans in San Francisco
One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in San Francisco include larger banks like Wells Fargo and U.S. Bank National Association, as well as smaller players such as Plumas Bank and Cornerstone Community Bank. These banks often have strict underwriting criteria, making it challenging for many small businesses to qualify. That’s why it is often beneficial for small businesses to work with smaller and more aggressive SBA lenders in San Francisco. Applicants who apply for an SBA loan with GoSBA Loans benefit from having their loan applications circulated automatically to 33 of the top 100 San Francisco SBA lenders.
Top San Francisco SBA Lenders by Loan Volume and Loan Units Funded
When analyzing the table of the top San Francisco SBA lenders, Wells Fargo Bank, National Association, stands out as the top lender by loan volume, funding over $7 million across 10 loans. U.S. Bank, National Association, also performed impressively, funding 9 loans with a total value of $5.03 million. JPMorgan Chase Bank, National Association, funded 13 loans worth $4.07 million, making it a leader in the number of SBA loans funded in the region. Newtek Bank, National Association, funded 8 loans totaling $5.08 million. These figures demonstrate the range of options available for small businesses seeking SBA loans in San Francisco, from large national banks to specialized lenders that focus on supporting small business growth.
GoSBA’s Official Ranking: 50 Best San Francisco SBA Lenders in 2024
Below, we present GoSBA’s official ranking of the 50 Best San Francisco SBA Lenders in 2024:
Bank Name |
Amount Funded |
Loans Funded |
|---|---|---|
| Bank Five Nine | $1,539,000 | 1 |
| Bank of America, National Association | $150,000 | 1 |
| Bank of Hope | $5,310,000 | 3 |
| Bank of San Francisco | $391,000 | 1 |
| BayFirst National Bank | $944,400 | 7 |
| Beneficial State Bank | $151,000 | 1 |
| BMO Bank National Association | $382,500 | 1 |
| Byline Bank | $1,185,000 | 1 |
| Cadence Bank | $850,000 | 2 |
| CalPrivate Bank | $800,000 | 1 |
| CDC Small Business Finance Corporation | $440,000 | 3 |
| Celtic Bank Corporation | $250,000 | 2 |
| City National Bank | $608,000 | 1 |
| Comerica Bank | $25,000 | 1 |
| CTBC Bank Corp. (USA) | $700,000 | 1 |
| East West Bank | $1,359,000 | 3 |
| Enterprise Bank & Trust | $1,603,300 | 1 |
| FFB Bank | $375,000 | 1 |
| First Bank of the Lake | $3,265,000 | 2 |
| First-Citizens Bank & Trust Company | $350,000 | 1 |
| GBC International Bank | $1,000,000 | 1 |
| Grow America Fund, Incorporated | $150,000 | 1 |
| Harvest Small Business Finance, LLC | $1,290,000 | 2 |
| Heritage Bank of Commerce | $1,267,500 | 3 |
| InBank | $3,444,000 | 2 |
| JPMorgan Chase Bank, National Association | $4,073,700 | 13 |
| Lendistry SBLC, LLC | $635,200 | 6 |
| Live Oak Banking Company | $875,000 | 3 |
| Main Street Launch | $1,800,000 | 6 |
| Mortgage Capital Development Corporation | $100,000 | 1 |
| Newtek Bank, National Association | $5,075,000 | 8 |
| Northeast Bank | $50,000 | 1 |
| Open Bank | $5,068,500 | 2 |
| Plumas Bank | $1,725,000 | 1 |
| PNC Bank, National Association | $20,000 | 1 |
| Readycap Lending, LLC | $3,287,000 | 4 |
| Royal Business Bank | $1,223,000 | 1 |
| Shinhan Bank America | $150,000 | 1 |
| The Huntington National Bank | $640,000 | 2 |
| U.S. Bank, National Association | $5,030,000 | 9 |
| Umpqua Bank | $50,000 | 1 |
| United Midwest Savings Bank, National Association | $150,000 | 1 |
| Wells Fargo Bank, National Association | $7,073,900 | 10 |
| Western State Bank | $495,000 | 1 |
| Zions Bank, A Division of | $905,000 | 2 |
Find the Right SBA Lender in San Francisco for Your Business
Whether you’re a new startup or a growing business, securing the right financing is essential. The lenders listed above offer various options to help small businesses succeed in San Francisco’s dynamic economy. Working with an experienced SBA loan broker like GoSBA Loans ensures that your loan application gets in front of the lenders most likely to fund your business.
Apply for an SBA Loan Today
Apply today to get connected with the best SBA lenders in San Francisco and secure the funding you need to take your business to the next level. The process is simple, and GoSBA Loans will help match you with the right lender based on your unique business needs.
Apply Now to see which SBA lender is the best match for your business needs.
Why Choose GoSBA Loans?
GoSBA Loans is committed to simplifying the SBA loan application process for businesses in San Francisco. By working with us, you get access to a network of lenders that have a proven track record of supporting small businesses. Whether you’re looking for competitive interest rates, a streamlined approval process, or flexible loan terms, GoSBA Loans is here to help you find the best SBA lender in San Francisco.
Conclusion
Securing an SBA loan can be the key to unlocking growth opportunities for your business. With the right lender by your side, you can access the capital you need to expand, hire, and innovate. The San Francisco SBA lenders listed above have demonstrated their commitment to supporting the small business community, making them excellent options for entrepreneurs in the region. Let GoSBA Loans assist you in finding the best SBA lender in San Francisco for your business today.
