Best SBA Lenders in Santa Monica, CA (2026)
2025 FOIA data: top lenders, rates & industries for Santa Monica SBA loans
SBA Loans in Santa Monica, California
Looking for an SBA loan in Santa Monica, California? Based on 2025 FOIA data, 62 SBA 7(a) loans were funded in Santa Monica totaling $24.1M, supporting an estimated 407 jobs. With 26 active lenders competing for business in the Santa Monica market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Santa Monica is $389K at an average rate of 11.03%. The top lender in Santa Monica is Newtek Bank, National Association, with the most-funded industry being Custom Computer Programming Services. See all California SBA lenders for statewide rankings.
SBA Loans in Santa Monica by Business Type
Whether you’re starting a new business in Santa Monica, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 14% of SBA loans in Santa Monica (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 10% (6 loans) — if you’re looking to buy a business in Santa Monica, this is a proven use case for SBA financing. Existing businesses make up 50% and typically receive the most favorable terms.
Top SBA Lenders in Santa Monica, CA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Santa Monica businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Newtek Bank, National Association | $8.7M | 15 | 11.78% |
| 2 | Northeast Bank | $2.8M | 12 | 10.81% |
| 3 | United Midwest Savings Bank National Association | $1.9M | 1 | 10.25% |
| 4 | The Huntington National Bank | $1.1M | 2 | 8.75% |
| 5 | Bank of America, National Association | $1.0M | 1 | 8.25% |
| 6 | Platinum Bank | $1.0M | 1 | 10% |
| 7 | Enterprise Bank & Trust | $744K | 1 | 9.25% |
| 8 | Live Oak Banking Company | $725K | 2 | 9.25% |
| 9 | Mission Valley Bank | $688K | 1 | 10.25% |
| 10 | Readycap Lending, LLC | $620K | 4 | 13.31% |
The top lenders in Santa Monica have direct experience with local businesses and understand the Santa Monica market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Santa Monica and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Santa Monica
One 5-minute application. 26+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Santa Monica
These are the industries that received the most SBA 7(a) funding in Santa Monica in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Custom Computer Programming Services | 2 | $5.3M |
| Fitness and Recreational Sports Centers | 3 | $2.0M |
| Insurance Agencies and Brokerages | 1 | $1.9M |
| Full-Service Restaurants | 3 | $1.6M |
| All Other Professional, Scientific, and Technical Services | 3 | $1.2M |
| Private Mail Centers | 1 | $1.0M |
| Home Health Care Services | 2 | $900K |
| Fine Arts Schools | 1 | $744K |
| Tax Preparation Services | 2 | $725K |
| Motion Picture and Video Production | 1 | $688K |
Lenders with experience funding your specific industry in Santa Monica understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Santa Monica
Option 1: Apply directly to one of the top Santa Monica lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Santa Monica-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
