Health Care & Social Assistance
SBA Lenders for Hospitals
Top lenders ranked by real SBA lending data for hospitals nationwide.
What Borrowers Should Know
Hospital borrowers are getting slightly better pricing than the national average. The median spread in this sector is P+2.70%, compared to the national median of P+2.75%—a 5 basis point advantage. This suggests lenders view hospital loans as lower risk, likely because hospitals typically have stable revenue streams and essential service status. When shopping for rates, you should expect pricing near or better than the national benchmark.
The top 5 lenders control 137 of 450 deals (30%), but 168 active lenders compete in this space. This fragmentation means you have genuine options. The Huntington National Bank leads with 37 deals, but no single lender dominates. Smaller regional banks are actively lending to hospitals—worth exploring if major banks decline you or offer unfavorable terms.
Most hospital SBA lending is concentrated in four states: CA, TX, OH, and FL account for 170 of 450 deals (38%). If your hospital is outside these states, you may face fewer competing lenders and potentially less aggressive pricing. Conversely, if you're in one of these high-activity states, leverage the competitive landscape to negotiate better terms.
Total SBA Loans
450
Active Lenders
162
Avg Deal Size
$658K
Total Volume
$296.3M
Hospitals SBA loans average $658K in deal size across 450 total loans. The median 7(a) spread in this segment is P + 2.70%.
Top Lenders for Hospitals
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | Bank | 38 | $287K | P + 4.52%HIGH | |
| 2 | The Huntington National Bank | Bank | 37 | $288K | P + 2.67%AVERAGE | |
| 3 | JPMorgan Chase Bank, National Association | Bank | 26 | $348K | P + 3.52%HIGH | |
| 4 | PNC Bank, National Association | Bank | 24 | $159K | P + 3.48%ABOVE AVG | |
| 5 | Manufacturers and Traders Trust Company | Bank | 16 | $103K | P + 3.53%HIGH | |
| 6 | Northeast Bank | Bank | 12 | $210K | P + 2.92%ABOVE AVG | |
| 7 | KeyBank National Association | Bank | 9 | $188K | P + 3.15%ABOVE AVG | |
| 8 | Banco Popular de Puerto Rico | Bank | 9 | $165K | P + 3.25%ABOVE AVG | |
| 9 | Truist Bank | Bank | 9 | $184K | P + 2.82%ABOVE AVG | |
| 10 | U.S. Bank, National Association | Bank | 8 | $999K | P + 2.79%ABOVE AVG | |
| 11 | Celtic Bank Corporation | Bank | 8 | $853K | P + 2.77%ABOVE AVG | |
| 12 | BayFirst National Bank | Bank | 8 | $253K | P + 3.04%ABOVE AVG | |
| 13 | Hancock Whitney Bank | Bank | 7 | $286K | P + 2.23%GOOD | |
| 14 | STAR Financial Bank | Bank | 7 | $397K | P + 2.08%GOOD | |
| 15 | Zions Bank, A Division of | Bank | 6 | $1.1M | P + 3.13%ABOVE AVG |
Top States for Hospitals
Where hospitals SBA lending is most active.