Public Administration
SBA Lenders for Public Administration
Top lenders ranked by real SBA lending data for public administration nationwide.
What Borrowers Should Know
Public administration borrowers pay slightly below-market rates: the median 7(a) spread here is P+2.74%, essentially tied with the national median of P+2.75%. This suggests lenders view public administration entities as stable, low-risk borrowers—meaning you're not overpaying for credit in this sector.
The average deal size of $402,640 is relatively modest for an entire sector, and 221 total deals spread across 120 active lenders means no single lender dominates. Readycap leads with only 22 deals (10% of volume), suggesting fragmentation—borrowers have genuine choice and leverage in negotiations rather than facing a concentrated lending market.
Nearly half of all public administration SBA lending concentrates in just four states (CA, NY, TX, FL with 78 deals total), but your state matters less than sector fit. With 120 active lenders across the space, geographic dispersion is manageable—however, borrowers in top states may find faster approvals and more competitive terms due to higher lender familiarity.
Total SBA Loans
221
Active Lenders
118
Avg Deal Size
$403K
Total Volume
$89.0M
Public Administration SBA loans average $403K in deal size across 221 total loans. The median 7(a) spread in this segment is P + 2.74%.
Top Lenders for Public Administration
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Readycap Lending, LLC | Non-Bank | 22 | $140K | P + 4.26%HIGH | |
| 2 | Wells Fargo Bank National Association | Bank | 10 | $543K | P + 5.15%HIGH | |
| 3 | TD Bank, National Association | Bank | 10 | $119K | P + 2.47%AVERAGE | |
| 4 | Cadence Bank | Bank | 7 | $216K | P + 2.54%AVERAGE | |
| 5 | Newtek Bank, National Association | Bank | 5 | $232K | P + 3.10%ABOVE AVG | |
| 6 | Zions Bank, A Division of | Bank | 5 | $250K | P + 4.25%HIGH | |
| 7 | Celtic Bank Corporation | Bank | 5 | $80K | P + 3.04%ABOVE AVG | |
| 8 | Brookline Bank, a Division of Beacon Bank and Trust | Bank | 4 | $518K | P + 1.92%GOOD | |
| 9 | Capital One, National Association | Bank | 4 | $283K | P + 1.88%GOOD | |
| 10 | Banner Bank | Bank | 4 | $176K | P + 0.50%COMPETITIVE | |
| 11 | Washington Trust Bank | Bank | 4 | $167K | P + 1.69%GOOD | |
| 12 | U.S. Bank, National Association | Bank | 3 | $956K | P + 0.68%COMPETITIVE | |
| 13 | Northeast Bank | Bank | 3 | $158K | P + 2.75%AVERAGE | |
| 14 | JPMorgan Chase Bank, National Association | Bank | 3 | $30K | P + 3.38%ABOVE AVG | |
| 15 | Banco Popular de Puerto Rico | Bank | 2 | $23K | P + 6.00%HIGH |
Top States for Public Administration
Where public administration SBA lending is most active.