SBA 7(a) Lenders by State: Most Active Lenders and Median Rates (2026)
1,277 lenders made 57,632 SBA 7(a) loans worth $31.5 billion in the 12 months to June 30, 2026. The typical lender's median starting rate was 8.62%, and half of active lenders priced between 7.75% and 9.25%. This page ranks the most active SBA 7(a) lenders nationally and by the state where each lender is headquartered, using SBA loan-level data. Source: SBA 7(a) FOIA loan data, FY2020 to present, as of June 30, 2026, aggregated by Lender List. "Median starting rate" is the median initial interest rate on each lender's 7(a) approvals in the 12 months to June 30, 2026. State = lender headquarters, not where loans were made; many lenders lend in several states. Lenders with a Lender List review are linked. Failed banks and lenders that have left the SBA program are excluded. Updated 2026-10-27.
Most active SBA 7(a) lenders in the U.S.
| Rank | Lender | HQ state | 7(a) loans (12 mo) | Approved (12 mo) | Median starting rate |
|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | FL | 4,678 | $1,304M | 10.0% |
| 2 | The Huntington National Bank | OH | 4,140 | $1,559M | 9.5% |
| 3 | Northeast Bank | ME | 3,923 | $713M | 10.0% |
| 4 | U.S. Bank, National Association | OH | 3,007 | $857M | 9.24% |
| 5 | Manufacturers and Traders Trust Company | NY | 2,889 | $305M | 10.5% |
| 6 | TD Bank, National Association | DE | 2,289 | $363M | 10.0% |
| 7 | Live Oak Banking Company | NC | 2,149 | $2,415M | 9.0% |
| 8 | Readycap Lending, LLC | NJ | 1,495 | $480M | 13.25% |
| 9 | Celtic Bank Corporation | UT | 1,320 | $589M | 9.75% |
| 10 | JPMorgan Chase Bank, National Association | OH | 1,087 | $307M | 10.5% |
Top SBA 7(a) lenders by state
The three lenders headquartered in each state with the most SBA 7(a) approvals in the last 12 months.
| State | Lender | 7(a) loans (12 mo) | Median starting rate |
|---|---|---|---|
| Alabama | Regions Bank | 149 | 8.19% |
| Alabama | 22nd State Bank, A Division of 22nd State Banking Company | 20 | 9.5% |
| Alabama | Sabre Finance | 18 | 9.625% |
| Alaska | Alaska Growth Capital BIDCO, Inc. | 13 | 9.75% |
| Alaska | First National Bank Alaska | 5 | 8.75% |
| Alaska | Northrim Bank | 1 | 8.25% |
| Arizona | Western Alliance Bank | 42 | 8.5% |
| Arizona | Integro Bank | 26 | 9.875% |
| Arizona | Arizona Capital Source | 11 | 10.5% |
| Arkansas | Stone Bank | 276 | 9.75% |
| Arkansas | First Financial Bank | 114 | 8.25% |
| Arkansas | Arvest Bank | 44 | 7.75% |
| California | Lendistry SBLC, LLC | 760 | 11.5% |
| California | Harvest Small Business Finance, LLC | 460 | 9.5% |
| California | Bank of Hope | 432 | 8.625% |
| Colorado | Community Banks of Colorado, A Division of NBH Bank | 37 | 8.5% |
| Colorado | Colorado Enterprise Fund | 28 | 9.99% |
| Colorado | Integrity Bank & Trust | 26 | 9.75% |
| Connecticut | Webster Bank National Association | 138 | 8.875% |
| Connecticut | Bankwell Bank | 86 | 9.5% |
| Connecticut | Liberty Bank | 48 | 9.75% |
| Delaware | TD Bank, National Association | 2,289 | 10.0% |
| Delaware | PNC Bank, National Association | 232 | 9.1% |
| Delaware | Wilmington Savings Fund Society FSB | 175 | 9.25% |
| District of Columbia | Industrial Bank | 3 | 8.75% |
| District of Columbia | The National Capital Bank of Washington | 1 | 9.75% |
| Florida | Newtek Bank, National Association | 4,678 | 10.0% |
| Florida | Climate First Bank | 163 | 9.5% |
| Georgia | Colony Bank | 160 | 10.0% |
| Georgia | Metro City Bank | 90 | 8.25% |
| Guam | Coast360 FCU | 3 | 8.75% |
| Guam | Bank of Guam | 1 | 8.75% |
| Hawaii | Central Pacific Bank | 41 | 10.5% |
| Hawaii | Hawaii National Bank | 2 | 8.875% |
| Hawaii | Bank of Hawaii | 2 | 5.9% |
| Idaho | Idaho Central CU | 91 | 9.75% |
| Idaho | Northwest Bank | 26 | 9.5% |
| Idaho | D. L. Evans Bank | 18 | 8.75% |
| Illinois | CenTrust Bank, A Division of SmartBiz Bank National Association | 1,040 | 11.25% |
| Illinois | Byline Bank | 436 | 9.5% |
| Illinois | FWBank | 55 | 9.25% |
| Indiana | First Internet Bank of Indiana | 339 | 9.5% |
| Indiana | Old National Bank | 179 | 7.75% |
| Indiana | First Merchants Bank | 122 | 9.75% |
| Iowa | Northwest Bank | 13 | 7.75% |
| Iowa | Farmers State Bank | 10 | 8.125% |
| Iowa | Bankers Trust Company | 8 | 9.5% |
| Kansas | Emprise Bank | 53 | 7.38% |
| Kansas | Equity Bank | 23 | 7.757% |
| Kansas | CommunityAmerica Federal Credit Union | 17 | 8.5% |
| Kentucky | Heritage Bank Inc | 107 | 10.25% |
| Kentucky | Republic Bank & Trust Company | 60 | 7.75% |
| Kentucky | Stock Yards Bank & Trust Company | 59 | 7.5% |
| Louisiana | Gulf Coast Bank and Trust Company | 143 | 9.5% |
| Louisiana | b1BANK | 43 | 9.25% |
| Louisiana | American Bank | 31 | 9.5% |
| Maine | Northeast Bank | 3,923 | 10.0% |
| Maine | Bangor Savings Bank | 34 | 7.75% |
| Maine | Maine Community Bank | 31 | 7.0% |
| Maryland | Capital Bank, National Association | 76 | 9.5% |
| Maryland | National Institutes of Health Federal Credit Union | 4 | 9.0% |
| Maryland | EagleBank | 3 | 8.75% |
| Massachusetts | Eastern Bank | 347 | 8.99% |
| Massachusetts | Beacon Bank and Trust | 161 | 9.25% |
| Massachusetts | Rockland Trust Company | 114 | 7.0% |
| Michigan | United FCU | 49 | 9.5% |
| Michigan | Independent Bank | 37 | 9.0% |
| Michigan | Lake Michigan CU | 28 | 8.625% |
| Minnesota | Magnifi Financial CU | 116 | 9.75% |
| Minnesota | Stearns Bank National Association | 93 | 9.75% |
| Minnesota | BankVista | 64 | 9.0% |
| Mississippi | Hancock Whitney Bank | 127 | 9.25% |
| Mississippi | Peoples Bank | 79 | 8.75% |
| Mississippi | The Citizens National Bank of Meridian | 58 | 9.5% |
| Missouri | First Bank of the Lake | 526 | 9.5% |
| Missouri | Enterprise Bank & Trust | 155 | 7.75% |
| Missouri | Midwest Regional Bank | 110 | 9.75% |
| Montana | Glacier Bank | 63 | 8.5% |
| Montana | First Interstate Bank | 50 | 8.5% |
| Montana | Montana Community Development Corp. | 18 | 11.0% |
| Nebraska | Union Bank and Trust Company | 65 | 7.75% |
| Nebraska | Security National Bank of Omaha | 22 | 9.125% |
| Nebraska | First State Bank Nebraska | 13 | 8.75% |
| Nevada | GBank | 186 | 8.5% |
| Nevada | Lexicon Bank | 24 | 9.5% |
| New Hampshire | Merrimack County Savings Bank | 28 | 7.875% |
| New Hampshire | Meredith Village Savings Bank | 24 | 10.125% |
| New Hampshire | St. Mary's Bank | 18 | 7.0% |
| New Jersey | Readycap Lending, LLC | 1,495 | 13.25% |
| New Jersey | ConnectOne Bank | 65 | 9.25% |
| New Jersey | Valley National Bank | 49 | 8.75% |
| New Mexico | Western Commerce Bank | 31 | 8.0% |
| New Mexico | Century Bank | 19 | 9.0% |
| New Mexico | DreamSpring | 15 | 10.99% |
| New York | Manufacturers and Traders Trust Company | 2,889 | 10.5% |
| New York | Port 51 Lending LLC | 220 | 9.25% |
| New York | Grasshopper Bank National Association | 194 | 10.25% |
| North Carolina | Live Oak Banking Company | 2,149 | 9.0% |
| North Carolina | Bank of America, National Association | 473 | 6.82% |
| North Carolina | First-Citizens Bank & Trust Company | 149 | 9.75% |
| North Dakota | Bell Bank | 55 | 8.75% |
| North Dakota | Alerus Financial, National Association | 26 | 8.0% |
| North Dakota | Choice Financial Group | 16 | 8.375% |
| Ohio | The Huntington National Bank | 4,140 | 9.5% |
| Ohio | U.S. Bank, National Association | 3,007 | 9.24% |
| Ohio | JPMorgan Chase Bank, National Association | 1,087 | 10.5% |
| Oklahoma | BancFirst | 99 | 8.0% |
| Oklahoma | MidFirst Bank | 39 | 7.0% |
| Oklahoma | First United Bank and Trust Company | 26 | 9.25% |
| Oregon | Columbia Bank | 659 | 11.75% |
| Oregon | Summit Bank | 11 | 10.0% |
| Oregon | Micro Enterprise Services of Oregon (Pedagogy Institute) | 7 | 10.5% |
| Pennsylvania | First Commonwealth Bank | 173 | 9.5% |
| Pennsylvania | Northwest Bank | 126 | 9.0% |
| Pennsylvania | First National Bank of Pennsylvania | 93 | 8.8% |
| Puerto Rico | Banco Popular de Puerto Rico | 390 | 11.0% |
| Puerto Rico | FirstBank Puerto Rico | 76 | 8.75% |
| Puerto Rico | Oriental Bank | 70 | 8.25% |
| Rhode Island | Shoreham Bank | 69 | 9.5% |
| Rhode Island | Citizens Bank, National Association | 69 | 8.5% |
| Rhode Island | BankNewport | 62 | 10.25% |
| South Carolina | United Community Bank | 106 | 8.75% |
| South Carolina | First Community Bank | 31 | 9.0% |
| South Carolina | Countybank | 25 | 9.25% |
| South Dakota | Wells Fargo Bank National Association | 757 | 8.19% |
| South Dakota | Pathward National Association | 194 | 9.5% |
| South Dakota | The Bancorp Bank National Association | 118 | 8.0% |
| Tennessee | Citizens Bank | 220 | 9.5% |
| Tennessee | Pinnacle Bank | 177 | 9.0% |
| Tennessee | First Horizon Bank | 47 | 8.5% |
| Texas | VelocitySBA, LLC | 205 | 9.5% |
| Texas | T Bank, National Association | 86 | 9.0% |
| Texas | PlainsCapital Bank | 77 | 10.0% |
| U.S. Virgin Islands | Merchants Commercial Bank | 2 | 11.125% |
| Utah | Celtic Bank Corporation | 1,320 | 9.75% |
| Utah | Zions Bank | 942 | 9.25% |
| Utah | Mountain America FCU | 163 | 8.5% |
| Vermont | Community National Bank | 16 | 7.65% |
| Vermont | Ledyard National Bank | 9 | 7.04% |
| Vermont | EastRise Federal Credit Union | 6 | 7.375% |
| Virginia | TowneBank | 174 | 9.5% |
| Virginia | First Community Bank | 78 | 6.75% |
| Virginia | Capital One National Association | 69 | 6.38% |
| Washington | WaFd Bank | 200 | 11.5% |
| Washington | Banner Bank | 178 | 8.5% |
| Washington | RiverBank | 68 | 8.75% |
| West Virginia | WesBanco Bank, Inc. | 25 | 9.5% |
| West Virginia | Potomac Bank | 15 | 9.0% |
| West Virginia | Pendleton Community Bank Inc | 10 | 9.14% |
| Wisconsin | Bank Five Nine | 126 | 9.0% |
| Wisconsin | Associated Bank National Association | 68 | 8.125% |
| Wisconsin | Nicolet National Bank | 42 | 8.25% |
| Wyoming | First Northern Bank of Wyoming | 8 | 7.5% |
| Wyoming | Platte Valley Bank | 2 | 7.75% |
| Wyoming | Bank of Jackson Hole Trust | 1 | 10.25% |
How to use this data
- A higher loan count usually means a faster, more routine process. Lenders that close hundreds of 7(a) loans a year tend to be SBA Preferred Lenders that approve in-house.
- Starting rates are mostly variable. Most 7(a) loans float with the Prime rate, so compare the spread a lender quotes, not just today's rate.
- Small loans cost more. SBA rate caps are higher on smaller loans, so a lender focused on loans under $150,000 will show a higher median rate.
- Local lenders often lend nearby. Start with lenders headquartered in your state, then compare national lenders.
Browse every SBA 7(a) lender on Lender List, or read where to go if the bank said no.