GoSBA’s Top 50 California SBA Lenders in 2020
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 2019, California SBA loan providers funded 6,310 businesses for total California SBA loan volume of $3.5 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 Live Oak, Wells Fargo, MUFG Union Bank, U.S. Bank, Bank of Hope, Seacoast Commerce Bank, JPMorgan Chase, Celtic Bank, Bank of The West, and Newtek Small Business Finance. These ten lenders have funded 2,769 businesses with a loan volume of $1.1 billion in total. However, just because these ten are the most popular, it doesn’t mean these are the right lenders for your industry and your business size. After reading our analysis, please click apply now and we’d be happy to match you with the best SBA loan providers in California.
Here at GoSBA Loans, we understand the struggle of finding the best and cheapest business loan for your business. We are best at accommodating businesses looking for capital, purchasing equipment, refinancing high-interest loans, and those who are interested in buying commercial property or financing building improvements. We make lending loans for small businesses to have an easier, faster, and more affordable process.
GoSBA Loans is proud to announce the top 50 California SBA lenders in 2024:
| RANK | BANK | LOANS FUNDED | VOLUME FUNDED ($) |
| 1 | Live Oak Banking | 105 | $173,394,500 |
| 2 | Wells Fargo Bank | 615 | $160,286,500 |
| 3 | MUFG Union Bank | 110 | $144,437,500 |
| 4 | U.S. Bank | 766 | $134,881,200 |
| 5 | Bank of Hope | 275 | $107,614,900 |
| 6 | Seacoast Commerce Bank | 98 | $104,344,200 |
| 7 | JPMorgan Chase Bank | 412 | $97,591,000 |
| 8 | Celtic Bank Corporation | 137 | $96,032,500 |
| 9 | Bank of the West | 149 | $94,141,000 |
| 10 | Newtek Small Business Finance | 102 | $82,029,100 |
| 11 | Commonwealth Business Bank | 101 | $78,640,000 |
| 12 | Harvest Small Business Finance | 67 | $76,267,100 |
| 13 | Pinnacle Bank | 30 | $73,013,500 |
| 14 | Centerstone SBA Lending, Inc. | 51 | $67,645,500 |
| 15 | Pacific City Bank | 76 | $67,363,000 |
| 16 | First Choice Bank | 47 | $65,909,800 |
| 17 | First Home Bank | 262 | $61,254,200 |
| 18 | Umpqua Bank | 86 | $58,354,000 |
| 19 | Summit State Bank | 34 | $55,726,000 |
| 20 | East West Bank | 93 | $55,530,500 |
| 21 | United Business Bank | 68 | $53,128,200 |
| 22 | Hanmi Bank | 89 | $49,479,000 |
| 23 | Pacific Premier Bank | 31 | $44,768,300 |
| 24 | Readycap Lending, LLC | 38 | $44,595,800 |
| 25 | Open Bank | 38 | $43,043,700 |
| 26 | Byline Bank | 27 | $40,698,800 |
| 27 | Crossroads Small Business | 40 | $38,834,500 |
| 28 | First Bank | 46 | $37,612,900 |
| 29 | Hana Small Business Lending, Inc. | 23 | $37,514,000 |
| 30 | US Metro Bank | 33 | $36,965,700 |
| 31 | Stearns Bank | 94 | $36,941,700 |
| 32 | Poppy Bank | 18 | $35,702,200 |
| 33 | Bank of America | 66 | $35,513,700 |
| 34 | Commercial Bank of California | 25 | $31,887,200 |
| 35 | GBC International Bank | 35 | $31,303,400 |
| 36 | Zions Bank | 78 | $30,715,400 |
| 37 | CalPrivate Bank | 28 | $28,400,400 |
| 38 | Santa Cruz County Bank | 45 | $28,127,000 |
| 39 | CDC Small Business Finance | 176 | $27,570,700 |
| 40 | Fremont Bank | 19 | $25,535,800 |
| 41 | Exchange Bank | 35 | $24,830,800 |
| 42 | American Continental Bank | 23 | $24,587,500 |
| 43 | Five Star Bank | 99 | $23,292,500 |
| 44 | BBVA USA | 17 | $22,557,800 |
| 45 | Plumas Bank | 36 | $20,430,700 |
| 46 | Banner Bank | 63 | $19,677,700 |
| 47 | Fresno First Bank | 40 | $19,396,719 |
| 48 | Sunwest Bank | 10 | $18,668,200 |
| 49 | Pacific Enterprise Bank | 18 | $18,393,000 |
| 50 | BankUnited | 20 | $18,024,600 |
You can use our SBA loan calculator to estimate your payments and total financing costs before applying for an SBA loan.
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Note: Estimated payments, not including taxes and insurance. Actual payments may vary.
Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in California.
