Best SBA Lenders in Torrance, CA (2026)
2025 FOIA data: top lenders, rates & industries for Torrance SBA loans
SBA Loans in Torrance, California
Looking for an SBA loan in Torrance, California? Based on 2025 FOIA data, 69 SBA 7(a) loans were funded in Torrance totaling $41.8M, supporting an estimated 836 jobs. With 27 active lenders competing for business in the Torrance market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Torrance is $606K at an average rate of 10.79%. The top lender in Torrance is Newtek Bank, National Association, with the most-funded industry being Offices of Dentists. See all California SBA lenders for statewide rankings.
SBA Loans in Torrance by Business Type
Whether you’re starting a new business in Torrance, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 2% of SBA loans in Torrance (2 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 14% (6 loans) — if you’re looking to buy a business in Torrance, this is a proven use case for SBA financing. Existing businesses make up 75% and typically receive the most favorable terms.
Top SBA Lenders in Torrance, CA (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Torrance 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 | $9.3M | 9 | 11.28% |
| 2 | Live Oak Banking Company | $9.3M | 3 | 8.75% |
| 3 | Open Bank | $4.7M | 2 | 9.25% |
| 4 | U.S. Bank, National Association | $3.6M | 8 | 9.62% |
| 5 | Harvest Small Business Finance, LLC | $3.4M | 2 | 10.38% |
| 6 | Wells Fargo Bank National Association | $2.3M | 2 | 9.88% |
| 7 | Celtic Bank Corporation | $1.2M | 4 | 10.38% |
| 8 | Lendistry SBLC, LLC | $941K | 6 | 12.33% |
| 9 | Northeast Bank | $898K | 6 | 10.38% |
| 10 | Port 51 Lending LLC | $712K | 1 | 10.25% |
The top lenders in Torrance have direct experience with local businesses and understand the Torrance 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 Torrance 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 Torrance
One 5-minute application. 27+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Torrance
These are the industries that received the most SBA 7(a) funding in Torrance 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 |
|---|---|---|
| Offices of Dentists | 5 | $12.3M |
| All Other Insurance Related Activities | 1 | $5.0M |
| Metal Service Centers and Other Metal Merchant Wholesalers | 3 | $2.8M |
| Services for the Elderly and Persons with Disabilities | 1 | $2.5M |
| All Other Miscellaneous Fabricated Metal Product Manufacturing | 1 | $2.3M |
| Car Washes | 1 | $2.2M |
| Tobacco and Tobacco Product Merchant Wholesalers | 1 | $2.0M |
| Home Health Care Services | 4 | $1.5M |
| Site Preparation Contractors | 1 | $1.2M |
| Plumbing, Heating, and Air-Conditioning Contractors | 2 | $966K |
Lenders with experience funding your specific industry in Torrance 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 Torrance
Option 1: Apply directly to one of the top Torrance 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 Torrance-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.
