Top SBA Acquisition Lenders in California
110 active SBA 7(a) lenders in California, ranked by acquisition loan count.
Lenders
in California
Total Volume
Median Rate
Median Loan Size
Top Lenders in California
Lending by Industry in California
Covers the 568 of 774 California loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in California
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | Live Oak Bank | 85 | $137.9M | P+1.50% | 0.8% |
| 2 | Open Bank | 42 | $87.1M | P+1.50% | 0.5% |
| 3 | PCB Bank | 40 | $32.9M | P+1.50% | 0.5% |
| 4 | U.S. Bank, National Association | 37 | $41.4M | P+0.93% | 2.2% |
| 5 | Port 51 Lending LLC | 28 | $30.8M | P+2.75% | 0.0% |
| 6 | American Continental Bank | 27 | $15.4M | P+2.00% | 0.8% |
| 7 | Celtic Bank Corporation | 27 | $26.3M | P+2.50% | 1.7% |
| 8 | Hanmi Bank | 21 | $27.5M | P+1.75% | 1.0% |
| 9 | Plumas Bank | 19 | $19.9M | P+0.00% | 1.3% |
| 10 | Commonwealth Business Bank | 18 | $15.4M | P+1.75% | 0.3% |
| 11 | East West Bank | 16 | $11.9M | P+2.00% | 0.0% |
| 12 | The Huntington National Bank | 15 | $19.4M | P+2.25% | 1.5% |
| 13 | Byline Bank | 15 | $18.6M | P+2.75% | 1.5% |
| 14 | First Internet Bank of Indiana | 14 | $32.9M | P+2.75% | 1.7% |
| 15 | CalPrivate Bank | 14 | $10.9M | P+3.00% | 4.3% |
| 16 | FFB Bank | 14 | $12.1M | P+2.25% | 2.1% |
| 17 | Southwestern National Bank | 12 | $30.0M | P+1.25% | 0.0% |
| 18 | Royal Business Bank | 12 | $11.0M | P+2.00% | 0.0% |
| 19 | Centerstone SBA Lending, Inc. | 12 | $20.9M | P+2.00% | 0.9% |
| 20 | US Metro Bank | 11 | $34.1M | P+1.25% | 0.0% |
| 21 | United Midwest Savings Bank, National Association | 10 | $7.2M | P+2.75% | 0.2% |
| 22 | VelocitySBA, LLC | 9 | $6.4M | P+3.00% | 2.4% |
| 23 | Zions Bank, A Division of | 9 | $3.0M | P+0.70% | 1.1% |
| 24 | Readycap Lending, LLC | 9 | $16.5M | P+1.50% | 2.8% |
| 25 | Woori America Bank | 8 | $4.9M | P+1.75% | 1.7% |
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Customize your search →SBA 7(a) Lending in California
California has 110 active SBA 7(a) acquisition lenders that have originated a combined 774 loans totaling $978.7M in volume. The median acquisition loan size in California is $812K, with a median interest rate of Prime + 2.25% (Prime + spread).
When evaluating SBA lenders in California, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in California?
There are currently 110 active SBA 7(a) lenders in California based on FOIA lending data. These lenders have originated 774 acquisition loans.
What is the typical SBA loan rate in California?
The median SBA 7(a) acquisition loan rate in California is Prime + 2.25% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.