SBA Lenders in Pennsylvania
Top lenders ranked by real SBA lending data. See who's most active in Pennsylvania across deal count, loan size, and pricing.
What Borrowers Should Know
Pennsylvania's median 7(a) loan spread is 36 basis points below the national median (2.39% vs. 2.75%), meaning borrowers here pay meaningfully less interest on SBA loans. This advantage likely reflects strong competition among 218 active lenders and the dominance of relationship-focused regional banks like Huntington and M&T, which typically offer tighter pricing than national competitors.
The top 3 lenders account for approximately 73% of all SBA deal volume in Pennsylvania (1,925 of 4,852 deals), creating a highly concentrated lending market. While this concentration suggests these banks have deep expertise in PA small business lending, borrowers applying outside this oligopoly may face longer approval timelines or less competitive terms from the remaining 215 lenders.
Pennsylvania's average deal size of $282,090 is substantially below the typical SBA 7(a) maximum of $5 million, indicating the state's SBA lending is dominated by smaller businesses seeking growth capital under $350K. If your loan request exceeds $400K, you may face fewer willing lenders and should expect more rigorous underwriting, since this falls outside the state's historical lending comfort zone.
Total SBA Loans
4,852
Active Lenders
177
Avg Deal Size
$282K
Total Volume
$1.4B
Top 10 Lenders in Pennsylvania
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Bank | 722 | $108K | P + 2.25%GOOD | |
| 2 | Manufacturers and Traders Trust Company | Bank | 652 | $105K | P + 2.13%GOOD | |
| 3 | TD Bank, National Association | Bank | 563 | $90K | P + 2.40%AVERAGE | |
| 4 | Citizens Bank, National Association | Bank | 169 | $245K | P + 2.25%GOOD | |
| 5 | PNC Bank, National Association | Bank | 157 | $132K | P + 2.44%AVERAGE | |
| 6 | Wells Fargo Bank National Association | Bank | 155 | $132K | P + 2.75%AVERAGE | |
| 7 | KeyBank National Association | Bank | 145 | $212K | P + 2.19%GOOD | |
| 8 | First Commonwealth Bank | Bank | 136 | $500K | P + 2.19%GOOD | |
| 9 | Santander Bank, National Association | Bank | 119 | $129K | P + 1.75%GOOD | |
| 10 | Univest Bank and Trust Co | Bank | 99 | $386K | P + 2.38%AVERAGE |
Top Industries in Pennsylvania
SBA lending activity by industry segment.