Health Care & Social Assistance
SBA Lenders for Physician & Dental Offices
Top lenders ranked by real SBA lending data for physician & dental offices nationwide.
What Borrowers Should Know
Physician and dental offices are getting notably better loan pricing than the national average. The median spread here is P+2.36%, which is 39 basis points lower than the national 7(a) median of P+2.75%. This suggests lenders view medical practices as lower-risk borrowers—likely because of predictable patient revenue and professional licensing. As a borrower, this is your advantage to negotiate with smaller lenders who may match or beat the big five's terms.
California dominates this market with 3,315 deals out of 5,118 total (65%), while the next two states combined (Arizona and Alabama) represent only 31% of volume. This concentration suggests SBA lending to medical practices is heavily skewed toward high-cost urban markets with established healthcare infrastructure. If you're operating outside the top three states, you may face fewer lender options and potentially higher competition for approval.
JPMorgan Chase and Wells Fargo control roughly 21% of all physician and dental SBA lending (591 + 464 = 1,055 of 5,118 deals). However, with 407 active lenders in this space, the market isn't dominated by mega-banks alone. You have real alternatives: the top 5 lenders represent only 40% of deals, leaving 60% distributed among 402 other lenders. Shopping beyond the big names could yield better terms or faster approval if you're willing to work with regional and community banks.
Total SBA Loans
40,990
Active Lenders
1,880
Avg Deal Size
$603K
Total Volume
$24.7B
Physician & Dental Offices SBA loans average $603K in deal size across 40,990 total loans. The median 7(a) spread in this segment is P + 2.13%.
Top Lenders for Physician & Dental Offices
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | Bank | 3,040 | $327K | P + 2.28%AVERAGE | |
| 2 | Wells Fargo Bank National Association | Bank | 2,672 | $691K | P + 2.07%GOOD | |
| 3 | Live Oak Banking Company | Bank | 2,109 | $1.4M | P + 1.90%GOOD | |
| 4 | PNC Bank, National Association | Bank | 1,611 | $517K | P + 2.15%GOOD | |
| 5 | The Huntington National Bank | Bank | 1,347 | $491K | P + 1.17%COMPETITIVE | |
| 6 | U.S. Bank, National Association | Bank | 1,146 | $579K | P + 2.15%GOOD | |
| 7 | Zions Bank, A Division of | Bank | 707 | $367K | P + 2.08%GOOD | |
| 8 | Bank of America, National Association | Bank | 639 | $670K | P + -0.67%COMPETITIVE | |
| 9 | Manufacturers and Traders Trust Company | Bank | 550 | $239K | P + 2.13%GOOD | |
| 10 | Truist Bank | Bank | 540 | $444K | P + 2.13%GOOD | |
| 11 | Banco Popular de Puerto Rico | Bank | 497 | $117K | P + 2.44%AVERAGE | |
| 12 | TD Bank, National Association | Bank | 466 | $464K | P + 2.15%GOOD | |
| 13 | CDC Small Business Finance Cor | CDC/504 | 408 | $741K | — | |
| 14 | Florida Business Development C | CDC/504 | 403 | $610K | — | |
| 15 | First-Citizens Bank & Trust Company | Bank | 393 | $836K | P + 1.50%COMPETITIVE |
Top States for Physician & Dental Offices
Where physician & dental offices SBA lending is most active.