Top 100 SBA Lenders Of 2027
SBA approved 56,130 7(a) loans worth $32.43B in FY2026 through 1,202 lenders. 7,184 of them, worth $8.89B, financed business acquisitions. These are the 100 most active SBA lenders.
Key Takeaways
- Live Oak Banking Company led all SBA lenders with $2.58B.
- Business acquisitions were 27% of SBA dollars; the average acquisition loan was $1.2M, more than twice the overall average.
- The median SBA loan was $220K, and 87% of loans were variable.
- SBA approved no loans in October 2025 during the government shutdown, so FY2026 covers about 11 months.
Top 100 SBA Lenders By Volume
Ranked by SBA 7(a) dollar volume approved in FY2026.
| # | Lender | SBA Loans | Total Volume | Avg Loan | Avg Rate | Acquisition Loans |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 2,411 | $2.58B | $1.1M | 8.95% | 700 |
| 2 | Newtek BankMiami, FL | 5,035 | $1.38B | $274K | 10.85% | 117 |
| 3 | The Huntington National BankColumbus, OH | 3,368 | $1.38B | $409K | 9.22% | 842 |
| 4 | U.S. BankCincinnati, OH | 3,068 | $943M | $307K | 9.11% | 48 |
| 5 | Northeast BankLewiston, ME | 3,603 | $670M | $186K | 9.92% | 0 |
| 6 | Bank of HopeLos Angeles, CA | 458 | $586M | $1.3M | 8.45% | 28 |
| 7 | Byline BankChicago, IL | 427 | $581M | $1.4M | 9.44% | 197 |
| 8 | GBankLas Vegas, NV | 170 | $559M | $3.3M | 8.13% | 80 |
| 9 | Celtic Bank CorporationSalt Lake City, UT | 1,099 | $539M | $490K | 9.77% | 89 |
| 10 | US Metro BankGarden Grove, CA | 272 | $528M | $1.9M | 8.17% | 100 |
| 11 | PathwardSioux Falls, SD | 250 | $518M | $2.1M | 9.27% | 138 |
| 12 | Harvest Small Business FinanceLaguna Hills, CA | 448 | $485M | $1.1M | 9.33% | 24 |
| 13 | Wells Fargo BankSioux Falls, SD | 531 | $464M | $875K | 8.01% | 10 |
| 14 | Port 51 Lending LLCNew York, NY | 238 | $461M | $1.9M | 8.94% | 58 |
| 15 | Readycap LendingBerkeley Heights, NJ | 1,494 | $451M | $302K | 11.53% | 65 |
| 16 | Fifth Third BankCincinnati, OH | 426 | $373M | $875K | 9.11% | 60 |
| 17 | First Bank of the LakeOsage Beach, MO | 438 | $363M | $830K | 9.74% | 22 |
| 18 | United Midwest Savings BankDe Graff, OH | 851 | $348M | $409K | 9.62% | 98 |
| 19 | First Internet Bank of IndianaFishers, IN | 293 | $344M | $1.2M | 9.17% | 211 |
| 20 | Manufacturers and Traders Trust CompanyBuffalo, NY | 2,975 | $326M | $110K | 10.79% | 83 |
| 21 | Bank of AmericaCharlotte, NC | 443 | $319M | $721K | 7.57% | 30 |
| 22 | Zions BancorporationSalt Lake City, UT | 1,031 | $319M | $309K | 8.90% | 86 |
| 23 | TD BankWilmington, DE | 1,953 | $305M | $156K | 9.53% | 6 |
| 24 | Pinnacle BankNashville, TN | 209 | $295M | $1.4M | 8.64% | 55 |
| 25 | Open BankLos Angeles, CA | 153 | $281M | $1.8M | 8.17% | 86 |
| 26 | Beacon Bank and TrustBrookline, MA | 179 | $276M | $1.5M | 8.93% | 82 |
| 27 | Enterprise Bank & TrustClayton, MO | 159 | $258M | $1.6M | 7.78% | 3 |
| 28 | JPMorgan Chase BankColumbus, OH | 921 | $256M | $278K | 10.65% | 7 |
| 29 | KeyBankCleveland, OH | 563 | $247M | $438K | 9.62% | 23 |
| 30 | Commonwealth Business BankLos Angeles, CA | 139 | $243M | $1.7M | 8.26% | 16 |
| 31 | Northwest BankWarren, PA | 175 | $229M | $1.3M | 8.73% | 42 |
| 32 | Citizens BankElizabethton, TN | 233 | $227M | $976K | 9.36% | 36 |
| 33 | Hanmi BankLos Angeles, CA | 245 | $208M | $850K | 8.38% | 134 |
| 34 | VelocitySBAIrving, TX | 223 | $206M | $924K | 9.36% | 72 |
| 35 | TowneBankPortsmouth, VA | 188 | $204M | $1.1M | 9.09% | 69 |
| 36 | Climate First BankSt. Petersburg, FL | 173 | $204M | $1.2M | 9.26% | 18 |
| 37 | Metro City BankDoraville, GA | 108 | $201M | $1.9M | 8.16% | 40 |
| 38 | CenTrust Bank, A Division of SmartBiz BankNorthbrook, IL | 974 | $197M | $202K | 10.84% | 1 |
| 39 | T BankDallas, TX | 96 | $186M | $1.9M | 8.91% | 47 |
| 40 | Bankwell BankNew Canaan, CT | 107 | $181M | $1.7M | 9.34% | 51 |
| 41 | First-Citizens Bank & Trust CompanyRaleigh, NC | 189 | $176M | $931K | 9.46% | 38 |
| 42 | First Financial BankEl Dorado, AR | 162 | $176M | $1.1M | 8.23% | 63 |
| 43 | Old National BankEvansville, IN | 165 | $175M | $1.1M | 7.85% | 48 |
| 44 | Lendistry SBLCLos Angeles, CA | 814 | $171M | $211K | 11.00% | 11 |
| 45 | The Bancorp BankSioux Falls, SD | 131 | $171M | $1.3M | 7.96% | 49 |
| 46 | Truliant FCUWinston-Salem, NC | 120 | $162M | $1.3M | 9.40% | 89 |
| 47 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 153 | $152M | $995K | 9.65% | 36 |
| 48 | Peoples BankMendenhall, MS | 124 | $143M | $1.2M | 8.39% | 18 |
| 49 | PCB BankLos Angeles, CA | 102 | $140M | $1.4M | 8.25% | 54 |
| 50 | Milestone BankSalt Lake City, UT | 69 | $133M | $1.9M | 9.23% | 43 |
| 51 | East West BankPasadena, CA | 166 | $131M | $791K | 8.40% | 52 |
| 52 | First Merchants BankIndianapolis, IN | 127 | $129M | $1.0M | 9.64% | 31 |
| 53 | Wilmington Savings Fund Society FSBWilmington, DE | 175 | $129M | $735K | 9.03% | 36 |
| 54 | FDIC - Community Bank & Trust-West GeorgiaLagrange, GA | 59 | $128M | $2.2M | 9.32% | 13 |
| 55 | Truist BankCharlotte, NC | 65 | $126M | $1.9M | 8.20% | 7 |
| 56 | Shoreham BankWarwick, RI | 60 | $126M | $2.1M | 8.93% | 21 |
| 57 | America First Federal Credit UnionRiverdale, UT | 100 | $121M | $1.2M | 7.28% | 11 |
| 58 | Fulton BankLancaster, PA | 117 | $120M | $1.0M | 9.10% | 33 |
| 59 | Regions BankBirmingham, AL | 163 | $116M | $710K | 8.53% | 9 |
| 60 | Capital BankRockville, MD | 90 | $109M | $1.2M | 9.28% | 29 |
| 61 | OakStar BankSpringfield, MO | 94 | $107M | $1.1M | 9.05% | 32 |
| 62 | First Commonwealth BankIndiana, PA | 155 | $104M | $669K | 9.02% | 17 |
| 63 | Heritage Bank IncBurlington, KY | 92 | $103M | $1.1M | 9.47% | 22 |
| 64 | City National BankLos Angeles, CA | 86 | $101M | $1.2M | 7.64% | 20 |
| 65 | Banc of CaliforniaLos Angeles, CA | 68 | $99.6M | $1.5M | 7.25% | 8 |
| 66 | Grasshopper BankNew York, NY | 168 | $98.5M | $586K | 10.05% | 11 |
| 67 | Hancock Whitney BankGulfport, MS | 136 | $95.6M | $703K | 9.08% | 29 |
| 68 | Southwestern National BankHouston, TX | 48 | $91.6M | $1.9M | 8.20% | 26 |
| 69 | Merchants Bank of IndianaCarmel, IN | 61 | $91.0M | $1.5M | 8.84% | 32 |
| 70 | United Community BankGreenville, SC | 95 | $90.4M | $952K | 8.53% | 18 |
| 71 | Mission Valley BankSun Valley, CA | 53 | $90.2M | $1.7M | 8.90% | 13 |
| 72 | PromiseOne BankDuluth, GA | 71 | $89.6M | $1.3M | 8.14% | 18 |
| 73 | Wallis BankWallis, TX | 70 | $89.3M | $1.3M | 8.52% | 1 |
| 74 | The Fidelity BankFuquay Varina, NC | 85 | $86.8M | $1.0M | 9.04% | 57 |
| 75 | Happen BankLehi, UT | 54 | $84.6M | $1.6M | 8.56% | 10 |
| 76 | Columbia BankLake Oswego, OR | 697 | $84.6M | $121K | 11.47% | 10 |
| 77 | FWBankChicago, IL | 62 | $84.1M | $1.4M | 8.65% | 12 |
| 78 | Stone BankMountain View, AR | 230 | $84.0M | $365K | 9.55% | 8 |
| 79 | City National Bank of FloridaCoral Gables, FL | 54 | $81.4M | $1.5M | 9.37% | 29 |
| 80 | First Community BankLexington, SC | 97 | $80.8M | $833K | 7.70% | 8 |
| 81 | PNC BankWilmington, DE | 214 | $80.7M | $377K | 9.13% | 20 |
| 82 | Colony BankFitzgerald, GA | 140 | $80.5M | $575K | 9.74% | 19 |
| 83 | Renasant BankTupelo, MS | 52 | $80.0M | $1.5M | 9.03% | 7 |
| 84 | Centerstone SBA LendingLos Angeles, CA | 68 | $79.3M | $1.2M | 8.75% | 29 |
| 85 | HomeTrust BankAsheville, NC | 80 | $79.2M | $990K | 9.19% | 15 |
| 86 | ConnectOne BankEnglewood Cliffs, NJ | 74 | $73.7M | $996K | 8.90% | 10 |
| 87 | American BankCovington, LA | 46 | $73.4M | $1.6M | 9.05% | 19 |
| 88 | Midwest Regional BankFestus, MO | 95 | $71.0M | $747K | 9.51% | 42 |
| 89 | Woori America BankNew York, NY | 79 | $70.7M | $895K | 8.47% | 13 |
| 90 | Capital OneMclean, VA | 62 | $70.3M | $1.1M | 7.16% | 0 |
| 91 | Associated BankGreen Bay, WI | 73 | $70.2M | $961K | 8.11% | 32 |
| 92 | FinWise BankMurray, UT | 62 | $63.6M | $1.0M | 9.45% | 3 |
| 93 | Valley National BankPassaic, NJ | 47 | $62.7M | $1.3M | 8.64% | 6 |
| 94 | Primis BankTappahannock, VA | 34 | $62.1M | $1.8M | 9.10% | 2 |
| 95 | Banner BankWalla Walla, WA | 172 | $61.8M | $359K | 8.11% | 19 |
| 96 | First BankHamilton, NJ | 67 | $61.4M | $917K | 9.22% | 8 |
| 97 | United FCUSaint Joseph, MI | 51 | $61.2M | $1.2M | 9.08% | 24 |
| 98 | Cross River BankFort Lee, NJ | 27 | $61.2M | $2.3M | 8.90% | 2 |
| 99 | BankUnitedMiami Lakes, FL | 42 | $61.0M | $1.5M | 7.10% | 8 |
| 100 | First National Bank of PennsylvaniaGreenville, PA | 70 | $61.0M | $871K | 8.61% | 2 |
Top SBA Lenders For Buying A Business
Ranked by business acquisition (change of ownership) dollar volume, FY2026.
| # | Lender | SBA Loans | Total Volume | Avg Loan | Avg Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 700 | $970M | $1.4M | 8.59% |
| 2 | The Huntington National BankColumbus, OH | 842 | $677M | $804K | 8.79% |
| 3 | PathwardSioux Falls, SD | 138 | $301M | $2.2M | 9.24% |
| 4 | Byline BankChicago, IL | 197 | $272M | $1.4M | 9.41% |
| 5 | GBankLas Vegas, NV | 80 | $257M | $3.2M | 8.23% |
| 6 | First Internet Bank of IndianaFishers, IN | 211 | $256M | $1.2M | 9.17% |
| 7 | US Metro BankGarden Grove, CA | 100 | $192M | $1.9M | 8.18% |
| 8 | Beacon Bank and TrustBrookline, MA | 82 | $174M | $2.1M | 8.88% |
| 9 | Open BankLos Angeles, CA | 86 | $169M | $2.0M | 8.17% |
| 10 | Truliant FCUWinston-Salem, NC | 89 | $132M | $1.5M | 9.35% |
| 11 | Celtic Bank CorporationSalt Lake City, UT | 89 | $128M | $1.4M | 9.06% |
| 12 | Hanmi BankLos Angeles, CA | 134 | $126M | $939K | 8.45% |
| 13 | Bankwell BankNew Canaan, CT | 51 | $107M | $2.1M | 9.33% |
| 14 | Readycap LendingBerkeley Heights, NJ | 65 | $102M | $1.6M | 9.20% |
| 15 | VelocitySBAIrving, TX | 72 | $95.4M | $1.3M | 9.34% |
| 16 | Port 51 Lending LLCNew York, NY | 58 | $90.9M | $1.6M | 9.34% |
| 17 | T BankDallas, TX | 47 | $90.7M | $1.9M | 8.87% |
| 18 | TowneBankPortsmouth, VA | 69 | $88.7M | $1.3M | 9.10% |
| 19 | United Midwest Savings BankDe Graff, OH | 98 | $87.8M | $896K | 9.11% |
| 20 | Pinnacle BankNashville, TN | 55 | $87.1M | $1.6M | 8.70% |
| 21 | Zions BancorporationSalt Lake City, UT | 86 | $83.8M | $974K | 7.74% |
| 22 | PCB BankLos Angeles, CA | 54 | $83.6M | $1.5M | 8.21% |
| 23 | Fifth Third BankCincinnati, OH | 60 | $82.6M | $1.4M | 8.13% |
| 24 | First Financial BankEl Dorado, AR | 63 | $75.1M | $1.2M | 8.26% |
| 25 | Northwest BankWarren, PA | 42 | $74.8M | $1.8M | 8.58% |
Buying A Business?
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Top States
Top Industries For Acquisitions
SBA 7(a) Lending Since 2020
FY2026 dollar volume was down 13.0% from FY2025, and the loan count was down 28.1%. Part of that drop is the calendar: SBA approved no 7(a) loans in October 2025 during the federal government shutdown (October 1 to November 12, 2025), so FY2026 covers about 11 months of lending.
How To Use These Rankings
Volume tells you who is active, not who is right for your deal. A lender that makes thousands of small Express loans can be a poor fit for a $3 million acquisition, and a bank that funds many acquisitions may not lend in your state. Start with the acquisition list if you are buying a business, then check the state and city rankings and the industry rankings for lenders that know your market.
Rates in these tables are averages of the rate at approval. Most SBA loans are variable, and larger loans price lower, so a lender with a higher average may still give you the better offer. The only way to know is to compare offers on the same deal, which is what we arrange for you.
How Much You Need Down
For a business acquisition, SBA sets the minimum Down Payment. Lenders can ask for more.
- 10% minimum. SBA requires a Down Payment of at least 10% of the project for an initial business acquisition (SOP 50 10 8.1, Appendix 15).
- A seller note can cover up to half. When the seller finances part of the price on full standby, with no payments for the life of the SBA loan, it can count for up to half of the required Down Payment. That can bring your cash to 5%.
- Investors can help. Minority investors can fund part of the Down Payment. Anyone who owns 20% or more personally guarantees the loan.
- Ten year term for most acquisitions. Business acquisition loans without real estate run up to 10 years. Real estate in the deal can stretch the term.
Example
The average business acquisition loan was $1.2M. At 10% down, that is a project of about $1.4M:
Illustration only. Your lender sets the final structure.
Questions About SBA Lenders
Who is the largest SBA lender in 2026?
Live Oak Banking Company made the most SBA 7(a) dollars in FY2026: $2.58B across 2,411 loans.
Which SBA lender is best for buying a business?
Live Oak Banking Company led acquisition lending in FY2026 with $970M across 700 loans. The right lender for you depends on deal size, industry and location.
What is the average SBA loan rate in 2026?
The average initial rate on SBA 7(a) loans approved in FY2026 was 9.48% (8.54% weighted by loan size). 87% were variable.
How many SBA lenders are there?
1,202 lenders approved at least one SBA 7(a) loan in FY2026.
Where does this data come from?
SBA's public 7(a) FOIA loan data, covering approvals from October 1, 2025 through September 30, 2026.
Does GoSBA Loans charge borrowers?
No. GoSBA Loans is 100% free to borrowers.
Keep Exploring
About this data. Rankings use SBA 7(a) loan approvals from the SBA FOIA data set, fiscal year 2026 (October 1, 2025 to September 30, 2026), as published by SBA through September 30, 2026. Lenders are ranked by approved dollar volume. Rates are the initial rate at approval, a simple average across loans; most SBA 7(a) loans are variable and move with the Prime Rate. Business acquisition loans are those SBA marks as a change of ownership. GoSBA Loans is an SBA loan broker, not a lender, and is not affiliated with SBA.
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