GOOD
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
STRONG
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
653
2010–2026
Total Volume
$879M
Gross loan amounts
States Active
46
With recorded loans
Programs
7(a) & 504
653 total segments
Pathward National Association has a strong focus on acquisitions, with 47% of their deals aimed at buying existing businesses. This makes them a solid choice for borrowers looking to acquire a company rather than starting from scratch.
With an average 7(a) spread of P+2.38%, Pathward offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
While Pathward has minimal 504 presence, with only 2.3% of their deals being 504 loans, borrowers seeking larger real estate financing may want to consider other lenders that specialize more in this area.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 15 504 loans, which use fixed SBA debenture rates.
Top 15 of 46 states where Pathward National Association has recorded SBA lending activity.
+ 10 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Finance & Insurance
Finance & Insurance
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Hotels & Accommodation
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Administrative & Waste Services
Administrative & Waste Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
+ 7 more
All recorded SBA lending activity for Pathward National Association, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Florida · Finance & Insurance · $2M – $5M | 7(a) | 11 | P+2.00% | $3.7M | Q3 2025 |
| Florida · Finance & Insurance · $1M – $2M | 7(a) | 11 | P+2.75% | $1.4M | Q2 2022 |
| Texas · Finance & Insurance · $500K – $1M | 7(a) | 10 | P+2.75% | $698K | Q4 2022 |
| Texas · Finance & Insurance · $1M – $2M | 7(a) | 10 | P+2.75% | $1.4M | Q4 2023 |
| Texas · Finance & Insurance · $150K – $350K | 7(a) | 8 | P+2.75% | $276K | Q4 2024 |
| New York · Finance & Insurance · $150K – $350K | 7(a) | 7 | P+2.75% | $252K | Q1 2022 |
| Texas · Finance & Insurance · Under $150K | 7(a) | 7 | P+2.75% | $113K | Q4 2024 |
| California · Finance & Insurance · $500K – $1M | 7(a) | 7 | P+2.75% | $715K | Q3 2020 |
| California · Finance & Insurance · $150K – $350K | 7(a) | 6 | P+2.75% | $249K | Q4 2021 |
| California · Finance & Insurance · $2M – $5M | 7(a) | 6 | P+2.38% | $3.1M | Q3 2020 |
| California · Manufacturing · $2M – $5M | 7(a) | 5 | P+2.25% | $3.4M | Q2 2025 |
| Florida · Hotels & Accommodation · $2M – $5M | 7(a) | 5 | P+2.25% | $3.1M | Q3 2017 |
| California · Finance & Insurance · $1M – $2M | 7(a) | 5 | P+2.25% | $1.4M | Q2 2025 |
| Florida · Finance & Insurance · $500K – $1M | 7(a) | 5 | P+2.50% | $797K | Q3 2021 |
| Colorado · Finance & Insurance · $150K – $350K | 7(a) | 5 | P+2.75% | $268K | Q1 2019 |
| Georgia · Finance & Insurance · $150K – $350K | 7(a) | 5 | P+2.75% | $234K | Q4 2021 |
| Florida · Finance & Insurance · $150K – $350K | 7(a) | 4 | P+2.75% | $244K | Q1 2024 |
| Washington · Finance & Insurance · $500K – $1M | 7(a) | 4 | P+2.63% | $760K | Q2 2019 |
| Michigan · Restaurants & Food Service · $150K – $350K | 7(a) | 4 | P+2.38% | $268K | Q1 2024 |
| Louisiana · Hotels & Accommodation · $2M – $5M | 7(a) | 4 | P+1.75% | $4.2M | Q3 2020 |
| Georgia · Hotels & Accommodation · $2M – $5M | 7(a) | 4 | P+2.13% | $4.4M | Q1 2020 |
| Florida · Specialty Trade Contractors · $150K – $350K | 7(a) | 3 | P+2.75% | $317K | Q4 2025 |
| Florida · Arts, Entertainment & Recreation · $500K – $1M | 7(a) | 3 | P+3.00% | $701K | Q4 2025 |
| Florida · Restaurants & Food Service · $150K – $350K | 7(a) | 3 | P+2.00% | $266K | Q2 2023 |
| Texas · Finance & Insurance · $350K – $500K | 7(a) | 3 | P+2.75% | $408K | Q4 2023 |
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