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Live Oak and Huntington came out on top with the most SBA 7(a) loans created between 2020 and 2024.
These the top lenders in 2023, showing the same few top lenders. Breaking into the top 20 as a newer bank is difficult, with the top 10 hardly ever changing.
Out of the 2109 active SBA lenders between Jan 2020 and April 2024, the vast majority of deals were done by the top 500 lenders. However market share within these top lenders is highly fragmented. The top 25 lenders account for only 38.4% of all SBA loans.
Most lenders are industry agnostics, but some specialize in specific niches. For example, First Children’s Finance has only funded companies providing childcare services.
If you’d like help finding the top lenders for your industry, email me at [email protected] and I’d be happy to help.
These are the lenders with highest average loan sizes who have originated at least 20 SBA 7(a) loans since 2020.
Notable on this list is GBank - not only are the a top 20 lender by SBA loan volume, they also have the second highest average loan size out of any SBA lender.
