GoSBA’s Top 50 California SBA Lenders in 2019

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.

Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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