California makes up as the 5th largest economy in the world in terms of competing with other countries. More so, small business industries seem to thrive even more. There are 3.9 million small businesses operating in the state that employs 7 million people, which makes up 48% of all employees in California. The food service industry has the biggest small business employment share of 63.2%, while healthcare and social assistance come in second with a  respective share of 47.3%.

 

California’s population plays a huge part in their strong and progressive economy, for having more than 39 million residents. The state is also blessed for having Hollywood, the entertainment capital of the world. And so is Silicon Valley, a city that origins advanced technology businesses and fast-rising start-ups.

 

Industries such as hotels, gasoline stations, restaurants, dentist offices, and lessors of non-residential buildings are the most popular in California. In FY 2018, California SBA loan providers funded 7,287 businesses for total California SBA loan volume of $4.07 billion. California is also known for having one of the most diverse business owners. In fact, one in every 100 small businesses, there are 5 owned and operated by women, 10 by minorities, and 13 by military veterans.

 

One of the significant difficulties that small businesses face is access to affordable financing. The highest ten lenders signing SBA-backed loans in California include Wells Fargo, Live Oak, Bank of Hope, Harvest Small Business Finance, JPMorgan Chase, Bank of The West, MUFG Union Bank, Seacoast Commerce Bank, and U.S. Bank. These ten lenders have funded 3,016 businesses with a loan volume of $1.5 million in total. However, just because these ten are the most popular, it doesn’t mean these are the right lenders for your industry and your business size.  After reading our analysis, please click apply now and we’d be happy to match you with the best SBA loan providers in California.

 

Here at GoSBA Loans, we understand the struggle of finding the best and cheapest business loan for your business. We are best at accommodating businesses looking for capital, purchasing equipment, refinancing high-interest loans, and those who are interested in buying commercial property or financing building improvements. We make lending loans for small businesses to have an easier, faster, and more affordable process.

GoSBA Loans is proud to announce the top 50 California SBA lenders in 2019:

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	Wells Fargo Bank, National Association	870	$336,426,600
2	Live Oak Banking Company	107	$165,150,000
3	Bank of Hope	291	$144,770,800
4	Harvest Small Business Finance, LLC	111	$138,023,800
5	JPMorgan Chase Bank, National Association	544	$136,421,000
6	Bank of the West	183	$126,463,400
7	MUFG Union Bank, National Association	89	$126,321,700
8	Seacoast Commerce Bank	122	$123,646,900
9	U.S. Bank National Association	644	$118,931,977
10	Pinnacle Bank	55	$93,369,500
11	First Choice Bank	76	$85,930,400
12	Commonwealth Business Bank	99	$82,889,000
13	Open Bank	66	$80,817,200
14	Celtic Bank Corporation	208	$75,476,700
15	Centerstone SBA Lending, Inc	58	$73,742,500
16	East West Bank	126	$66,353,500
17	Pacific Premier Bank	49	$64,721,800
18	Pacific City Bank	62	$60,982,700
19	Newtek Small Business Finance, Inc.	65	$56,563,000
20	Citizens Business Bank	88	$55,564,600
21	Umpqua Bank	73	$54,082,800
22	Plumas Bank	45	$48,145,000
23	Readycap Lending, LCC	54	$47,085,900
24	US Metro Bank	40	$44,520,600
25	Uniti Bank	40	$44,520,600
26	CalPrivate Bank	32	$40,969,700
27	First Bank/td>	49	$40,749,700
28	Poppy Bank	27	$40,082,900
29	First Home Bank	173	$39,446,400
30	United Business Bank	38	$37,913,000
31	Stearns Bank National Association	95	$35,940,400
32	Byline Bank	26	$35,305,500
33	Bank of America Natl Assoc	52	$35,021,600
34	Hana Small Business Lending, Inc.	30	$31,530,000
35	American Business Bank	46	$30,958,700
36	Hanmi Bankk	82	$29,876,500
37	CDC Small Business Finance Corporation	186	$29,639,640
38	Cathay Bank	23	$27,618,013
39	Pacific Enterprise Bank	26	$26,476,000
40	Compass Bank	87	$26,438,200
41	Santa Cruz County Bank	41	$25,187,500
42	First General Bank	20	$24,986,500
43	Heritage Bank of Commerce	34	$24,776,500
44	Zions Bank, A Division of Zions Bancorporation	86	$24,430,670
45	Comerica Bank	75	$23,897,100
46	Shinhan Bank America	31	$23,044,500
47	Exchange Bank	41	$23,001,700
48	Pacific Alliance Bank	16	$22,875,000
49	Bank of Southern California, National Association	28	$22,460,600
50	GBC International Bank	34	$21,221,700

 

Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in California.