Best Engineering Firms SBA Lenders of 2026

Compare the top 99 SBA lenders for Engineering Firms businesses. $195.7M funded in 2025. Average rate 9.95%. Get matched free.

Table of Contents

Best Engineering Firms SBA Lenders of 2026

$195.7M
Total Funded

320
Loans Approved

$612K
Avg Loan Size

9.95%
Avg Interest Rate

99
Active Lenders

SBA Loans for Engineering Firms Businesses

The Engineering Firms industry received $195.7M in SBA 7(a) loans across 320 businesses in 2025. With 99 lenders actively funding this industry, finding the right bank can make a significant difference in your rates and approval odds.

Working with an experienced SBA loan broker who understands the Engineering Firms industry can help you access lenders that specialize in your business type.

💡 Key Insight: The average SBA loan for Engineering Firms businesses is $612K with an average rate of 9.95%. Lenders who specialize in this industry often offer better terms and faster approvals.

SBA Loans by Business Type

Here’s how SBA 7(a) loans break down for Engineering Firms businesses by business stage:

🚀 Startups
16%
$21.1M • 51 loans

🏢 Existing Businesses
68%
$107.3M • 216 loans

🔄 Business Acquisitions
16%
$67.4M • 52 loans

Top 50 SBA Lenders for Engineering Firms (2025)

These are the banks that funded the most SBA 7(a) loan volume to Engineering Firms businesses, ranked by total volume:

Rank Lender Volume Loans Avg Rate
1 Live Oak Banking Company $20.8M 14 9.03%
2 Newtek Bank, National Association $15.2M 28 10.59%
3 First Internet Bank of Indiana $11.2M 8 10.09%
4 The Huntington National Bank $8.2M 14 8.96%
5 First Bank of the Lake $6.8M 3 9.92%
6 Old National Bank $6.8M 4 8.38%
7 Port 51 Lending LLC $5.7M 2 10.00%
8 Colony Bank $5.0M 2 10.13%
9 Independent Bank $5.0M 1 8.00%
10 U.S. Bank, National Association $5.0M 19 9.46%
11 Cadence Bank $4.7M 9 10.08%
12 Frost Bank $4.3M 1 9.50%
13 Wells Fargo Bank National Association $4.1M 7 8.92%
14 JPMorgan Chase Bank, National Association $4.0M 13 10.58%
15 SouthPoint Bank $3.7M 1 8.75%
16 Manufacturers and Traders Trust Company $3.7M 10 11.32%
17 Open Bank $3.4M 1 8.75%
18 Regions Bank $3.1M 2 7.63%
19 Northeast Bank $3.1M 19 10.33%
20 Idaho Central CU $3.0M 1 8.50%
21 Primis Bank $2.8M 2 10.50%
22 CIBC Bank USA $2.8M 2 9.88%
23 TD Bank, National Association $2.7M 12 10.44%
24 Columbia Bank $2.6M 7 9.79%
25 Heritage Bank $2.6M 3 8.83%
26 Midwest Regional Bank $2.5M 2 10.00%
27 Washington Trust Bank $2.4M 4 8.13%
28 Lake Michigan CU $2.3M 1 10.00%
29 Community Bank & Trust-West Georgia $2.2M 2 10.00%
30 Readycap Lending, LLC $2.2M 11 11.77%
31 Truist Bank $2.1M 1 9.25%
32 Quaint Oak Bank $2.0M 1 10.00%
33 Lendistry SBLC, LLC $1.8M 7 11.71%
34 Hancock Whitney Bank $1.7M 2 9.50%
35 BMO Bank National Association $1.7M 1 6.24%
36 United Midwest Savings Bank National Association $1.6M 1 10.00%
37 BayFirst National Bank $1.6M 8 12.00%
38 Bank of America, National Association $1.6M 6 8.07%
39 Gulf Capital Bank $1.6M 1 9.75%
40 City National Bank $1.5M 1 5.49%
41 EverBank National Association $1.2M 2 6.95%
42 Dogwood State Bank $1.2M 1 10.25%
43 Leader Bank, National Association $1.2M 1 9.25%
44 Celtic Bank Corporation $1.1M 9 11.22%
45 Pinnacle Bank $991K 1 9.50%
46 Commerce Bank $975K 1 7.75%
47 Fifth Third Bank $923K 2 8.65%
48 Texas First Bank $845K 1 8.50%
49 Meadows Bank $756K 2 10.13%
50 PNC Bank, National Association $751K 3 9.65%

🚀 Best Lenders for Engineering Firms Startups

Starting a new engineering services business? These lenders funded the most startup loans in this industry:

Rank Lender Startup Volume Loans Avg Rate
1 First Bank of the Lake $5.0M 2 9.75%
2 Colony Bank $4.9M 1 10.00%
3 Lake Michigan CU $2.3M 1 10.00%
4 Wells Fargo Bank National Association $1.3M 4 10.25%
5 Newtek Bank, National Association $1.1M 5 11.70%
6 Bank of America, National Association $881K 2 6.20%
7 PNC Bank, National Association $701K 2 8.98%
8 First Internet Bank of Indiana $500K 1 10.25%
9 Fulton Bank, National Association $485K 2 9.75%
10 U.S. Bank, National Association $463K 6 10.62%

🔄 Best Lenders for Engineering Firms Acquisitions

Looking to buy an existing engineering services business? These lenders specialize in acquisition financing:

Rank Lender Acquisition Volume Loans Avg Rate
1 Live Oak Banking Company $15.4M 10 9.32%
2 First Internet Bank of Indiana $7.6M 4 9.88%
3 Old National Bank $6.4M 3 8.18%
4 The Huntington National Bank $5.9M 6 9.63%
5 Port 51 Lending LLC $5.7M 2 10.00%
6 Manufacturers and Traders Trust Company $2.9M 2 9.00%
7 Primis Bank $2.8M 2 10.50%
8 CIBC Bank USA $2.8M 2 9.88%
9 Washington Trust Bank $2.2M 2 7.88%
10 Truist Bank $2.1M 1 9.25%

🏢 Best Lenders for Existing Engineering Firms Businesses

Already running an established engineering services business? These lenders have funded the most loans to existing businesses in your industry:

Rank Lender Volume Loans Avg Rate
1 Newtek Bank, National Association $14.2M 23 10.35%
2 Live Oak Banking Company $5.5M 4 8.31%
3 Independent Bank $5.0M 1 8.00%
4 Cadence Bank $4.7M 9 10.08%
5 U.S. Bank, National Association $4.5M 13 8.93%
6 Frost Bank $4.3M 1 9.50%
7 JPMorgan Chase Bank, National Association $4.0M 13 10.58%
8 SouthPoint Bank $3.7M 1 8.75%
9 Open Bank $3.4M 1 8.75%
10 Regions Bank $3.1M 2 7.63%

Top States for Engineering Firms SBA Loans

Here are the states with the highest SBA lending volume for Engineering Firms businesses:

Rank State Volume Loans
1 California $30.2M 52
2 Texas $19.8M 29
3 Florida $14.0M 27
4 Michigan $12.7M 15
5 Maryland $11.0M 17
6 Washington $10.6M 13
7 Pennsylvania $9.6M 12
8 New Jersey $9.5M 16
9 Idaho $8.7M 11
10 New York $7.9M 15
11 Wisconsin $5.7M 6
12 Arizona $5.7M 6
13 Ohio $5.2M 5
14 North Dakota $4.8M 2
15 Colorado $4.2M 11
16 North Carolina $4.2M 7
17 Georgia $3.8M 6
18 Alabama $3.8M 2
19 Illinois $3.2M 10
20 New Mexico $3.2M 3
21 District of Columbia $2.5M 3
22 Tennessee $2.2M 2
23 Connecticut $1.8M 1
24 Utah $1.5M 6
25 Massachusetts $1.5M 5
26 Indiana $1.1M 5
27 Missouri $1.1M 4
28 Virginia $975K 4
29 Oklahoma $975K 1
30 Oregon $921K 3
31 Minnesota $820K 3
32 Puerto Rico $734K 4
33 Nevada $557K 6
34 New Hampshire $300K 1
35 Rhode Island $210K 1
36 Kentucky $150K 1
37 Louisiana $150K 1
38 Arkansas $135K 1
39 Delaware $100K 1
40 Nebraska $65K 1
41 South Carolina $10K 1

Top Cities for Engineering Firms SBA Loans

Houston, Tx

$11.5M
Volume

8
Loans

San Diego, Ca

$8.5M
Volume

11
Loans

Gilbert, Az

$5.3M
Volume

3
Loans

Lansing, Mi

$5.0M
Volume

1
Loans

Potsdam, Ny

$4.8M
Volume

1
Loans

Fargo, Nd

$4.8M
Volume

2
Loans

Moraine, Oh

$4.5M
Volume

2
Loans

Tampa, Fl

$4.3M
Volume

3
Loans

Walkersville, Md

$4.1M
Volume

2
Loans

Hamilton, Nj

$3.9M
Volume

1
Loans

Cullman, Al

$3.7M
Volume

1
Loans

Kent, Wa

$3.5M
Volume

2
Loans

Austin, Tx

$3.5M
Volume

5
Loans

Santa Ana, Ca

$3.4M
Volume

1
Loans

Albuquerque, Nm

$3.2M
Volume

3
Loans

Wayne, Pa

$3.0M
Volume

2
Loans

🤝 Why Use an SBA Broker for Engineering Firms Loans?

GoSBA Loans has extensive experience financing Engineering Firms businesses:

  • Industry expertise — we know which lenders specialize in Engineering Firms
  • Access to 99+ lenders — including banks that don’t accept direct applications
  • Better rates — our relationships help secure competitive terms
  • Faster approvals — proper preparation leads to quicker decisions
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Engineering Firms SBA Loan

Our team specializes in SBA financing for Engineering Firms businesses. Let us match you with the right lender for your specific needs.

Need SBA financing for your Engineering Firms business? GoSBA Loans specializes in SBA loans for Engineering Firms businesses. Contact our industry specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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