SBA lenders by state
To find SBA lenders near you, start with the state where the business is located. Each state page lists the lenders that made the most SBA 7(a) acquisition loans there since FY2018, and the table below shows the top three for every state. Many SBA lenders lend nationwide, so a bank headquartered elsewhere can be among a state's most active; the lender page shows every state it serves.
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This directory counts past approvals of loans used to buy existing businesses. It does not show which lender is closest to you, which are accepting applications, or what a lender would offer on a particular deal, so use it to build a shortlist and then ask each lender about its experience with your kind of business. SBA also lists lenders on sba.gov. The full ranking is on the SBA lender list.
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SBA lenders by metro area
15 metro areas have 150 or more acquisition loans. Each has its own page with the lenders, industries and franchise brands active there.
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Lenders that lend in 15 or more states
100 lenders have acquisition loans in 15 or more states in their top-15 state list (the data lists each lender's top 15 states, so 15 is the highest count it can show). The largest 30 by acquisition loans are below; the States column counts every state where the lender made at least one acquisition loan.
| # | Lender | Home state | States | Acquisition loans | Median loan |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | NC | 51 | 4,756 | $945,000 |
| 2 | The Huntington National Bank | OH | 47 | 3,207 | $409,200 |
| 3 | Byline Bank | IL | 46 | 930 | $1,050,000 |
| 4 | Hanmi Bank | CA | 22 | 870 | $550,000 |
| 5 | Celtic Bank Corporation | UT | 46 | 810 | $1,001,350 |
| 6 | First Internet Bank of Indiana | IN | 40 | 678 | $948,500 |
| 7 | United Midwest Savings Bank National Association | OH | 47 | 667 | $770,000 |
| 8 | GBank | NV | 38 | 623 | $2,474,000 |
| 9 | Beacon Bank and Trust | MA | 37 | 570 | $1,097,500 |
| 10 | Old National Bank | IN | 19 | 566 | $591,350 |
| 11 | Open Bank | CA | 32 | 505 | $1,140,000 |
| 12 | Stearns Bank National Association | MN | 46 | 481 | $300,000 |
| 13 | Bank of Hope | CA | 27 | 479 | $250,000 |
| 14 | First Financial Bank | AR | 45 | 453 | $990,000 |
| 15 | Columbia Bank | OR | 26 | 451 | $692,000 |
| 16 | Wells Fargo Bank National Association | SD | 42 | 451 | $559,000 |
| 17 | Pinnacle Bank | TN | 28 | 449 | $955,000 |
| 18 | U.S. Bank, National Association | OH | 30 | 434 | $520,950 |
| 19 | Metro City Bank | GA | 25 | 412 | $1,721,000 |
| 20 | Northwest Bank | PA | 27 | 348 | $387,700 |
| 21 | The Bancorp Bank National Association | SD | 40 | 329 | $762,000 |
| 22 | Fifth Third Bank | OH | 28 | 323 | $877,500 |
| 23 | BankVista | MN | 15 | 322 | $354,550 |
| 24 | Pathward National Association | SD | 41 | 315 | $1,190,000 |
| 25 | Citizens Bank | TN | 39 | 312 | $510,100 |
| 26 | Customers Bank | PA | 36 | 312 | $696,000 |
| 27 | PNC Bank, National Association | DE | 28 | 310 | $627,000 |
| 28 | TowneBank | VA | 38 | 308 | $847,500 |
| 29 | United Community Bank | SC | 27 | 297 | $645,000 |
| 30 | VelocitySBA, LLC | TX | 30 | 289 | $776,000 |
Lending in many states does not mean a lender serves every state equally. Check its page for the states where it made the most loans.
Related
- Largest SBA lenders
- SBA lender list
- SBA loans by state
- SBA loans by metro area
- How to get an SBA loan to buy a business
State is the project state recorded by the lender (where the acquired business operates). National charge-off benchmark for acquisition loans: 3.5%.