SBA Lenders in District of Columbia
Top lenders ranked by real SBA lending data. See who's most active in District of Columbia across deal count, loan size, and pricing.
What Borrowers Should Know
DC's median 7(a) spread of P+2.70% is 5 basis points better than the national median of P+2.75%, suggesting slightly more competitive pricing for borrowers. However, with 123 active lenders competing for 1,776 deals, the market is moderately concentrated—M&T alone accounts for 20% of all deals. This competitive dynamic may explain the tight spreads, but borrowers should still shop multiple lenders since pricing can vary by 50+ basis points depending on credit profile and loan structure.
The average SBA deal in DC is $454,114, which is substantially above the typical small business loan size. This suggests DC's SBA lending base skews toward established, larger-revenue businesses rather than startups or sole proprietorships. If your company is in the $150K–$350K loan range, you may face less tailored competition and should verify that lenders actively serve smaller deals—not just the $500K+ segment that dominates DC's portfolio.
Manufacturers and Traders Trust Company (351 deals) holds 3.7x the volume of the second-place lender (TD Bank at 128 deals), creating a significant concentration risk in the market. While M&T's dominance may reflect efficiency and expertise, this lopsided distribution means borrowers have less negotiating power if their profile doesn't fit M&T's sweet spot. The next tier of lenders (EagleBank, Wells Fargo, Business Finance Group) collectively serve fewer deals than M&T alone, so exploring regional or community banks may unlock better terms for niche industries.
Total SBA Loans
1,775
Active Lenders
126
Avg Deal Size
$460K
Total Volume
$817.4M
Top 10 Lenders in District of Columbia
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | Bank | 351 | $145K | P + 2.69%AVERAGE | |
| 2 | TD Bank, National Association | Bank | 128 | $179K | P + 3.45%ABOVE AVG | |
| 3 | Business Finance Group, Inc. | Bank | 96 | $916K | P + 3.25%ABOVE AVG | |
| 4 | Wells Fargo Bank National Association | Bank | 93 | $203K | P + 2.75%AVERAGE | |
| 5 | EagleBank | Bank | 85 | $553K | P + 2.56%AVERAGE | |
| 6 | Truist Bank | Bank | 73 | $395K | P + 2.30%AVERAGE | |
| 7 | Hanmi Bank | Bank | 60 | $601K | P + 2.00%GOOD | |
| 8 | PNC Bank, National Association | Bank | 46 | $185K | P + 2.78%ABOVE AVG | |
| 9 | Newtek Small Business Finance, Inc. | Non-Bank | 44 | $508K | P + 2.75%AVERAGE | |
| 10 | Newtek Bank, National Association | Bank | 43 | $561K | P + 3.00%ABOVE AVG |
Top Industries in District of Columbia
SBA lending activity by industry segment.