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Top SBA Acquisition Lenders in Pennsylvania

67 active SBA 7(a) lenders in Pennsylvania, ranked by acquisition loan count.

Lenders

67

in Pennsylvania

Total Volume

$332.5M

Median Rate

Prime + 2.25%

Median Loan Size

$1.0M

Top Lenders in Pennsylvania

1Live Oak Bank

Loans

22

Rate

P+1.50%

0.8%

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2Brookline Bank

Loans

16

Rate

P+2.25%

0.8%

Small Business Administration (SBA) data only — profile coming soon

3The Huntington National Bank

Loans

13

Rate

P+2.25%

1.8%

View Profile

Lending by Industry in Pennsylvania

Covers the 108 of 255 Pennsylvania loans that the FOIA dataset reports at the state and industry level.

Top 25 Lenders in Pennsylvania

#LenderLoansVolumeRateDefault Rate
1Live Oak Bank22$32.5MP+1.50%0.8%
2Brookline Bank16$33.5MP+2.25%0.8%
3The Huntington National Bank13$17.8MP+2.25%1.8%
4Wilmington Savings Fund Society FSB12$17.3MP+2.00%2.9%
5PromiseOne Bank12$8.7MP+1.50%1.4%
6Fidelity Deposit and Discount Bank10$4.2MP+2.00%0.0%
7First Internet Bank of Indiana10$22.9MP+2.75%1.7%
8Fulton Bank, National Association9$15.4MP+2.25%0.0%
9First Commonwealth Bank9$10.6MP+2.38%0.6%
10Meridian Bank8$8.3MP+2.25%2.7%
11Dogwood State Bank7$6.7MP+2.75%1.3%
12Byline Bank7$4.7MP+2.75%1.6%
13United Midwest Savings Bank, National Association6$3.0MP+2.75%0.4%
14Manufacturers and Traders Trust Company6$6.5MP+2.25%1.0%
15Univest Bank and Trust Co5$11.1MP+2.25%0.0%
16Stone Bank5$6.3MP+2.25%20.5%
17BayFirst National Bank5$4.0MP+3.00%3.2%
18Peapack Private Bank and Trust4$9.2MP+1.75%0.0%
19Truliant FCU4$5.0MP+2.75%0.0%
20Falcon National Bank3$3.8MP+2.00%0.0%
21The Bancorp Bank National Association3$5.5MP+1.00%0.7%
22TowneBank3$3.0MP+2.75%0.4%
23Bank Five Nine3$434KP+1.50%0.0%
24Kish Bank3$1.7MP+0.00%0.0%
25Tompkins Community Bank3$8.0MP+1.00%0.0%

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SBA 7(a) Lending in Pennsylvania

Pennsylvania has 67 active SBA 7(a) acquisition lenders that have originated a combined 255 loans totaling $332.5M in volume. The median acquisition loan size in Pennsylvania is $1000K, with a median interest rate of Prime + 2.25% (Prime + spread).

When evaluating SBA lenders in Pennsylvania, 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 Pennsylvania?

There are currently 67 active SBA 7(a) lenders in Pennsylvania based on FOIA lending data. These lenders have originated 255 acquisition loans.

What is the typical SBA loan rate in Pennsylvania?

The median SBA 7(a) acquisition loan rate in Pennsylvania 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.

SBA Lenders in Pennsylvania by Industry

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