Best SBA lenders
Best SBA lenders in District of Columbia
The most active SBA lenders in District of Columbia, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. Manufacturers and Traders Trust Company leads with 368 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in District of Columbia
The full District of Columbia ranking, by SBA loans funded since FY2010. Every figure is in-state: each lender's loans, dollars, average loan size, and 7(a) charge-off rate cover its District of Columbia lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in District of Columbia; below that line, and on 504-only lending, it reads “not reported,” never 0%.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 368 | $53.0M | $144K | 7.07% |
| 2 | TD Bank, National Association | 133 | $23.3M | $175K | 8.27% |
| 3 | Business Finance Group, Inc. | 103 | $94.1M | $914K | not reported |
| 4 | Wells Fargo Bank National Association | 91 | $18.4M | $203K | 2.20% |
| 5 | EagleBank | 85 | $47.0M | $553K | 8.24% |
| 6 | Truist Bank | 74 | $29.2M | $395K | 6.76% |
| 7 | Hanmi Bank | 61 | $38.5M | $632K | 4.92% |
| 8 | Newtek Bank, National Association | 46 | $24.8M | $539K | 0.00% |
| 9 | Newtek Small Business Finance, Inc. | 45 | $22.4M | $498K | 4.44% |
| 10 | PNC Bank, National Association | 44 | $8.3M | $190K | 2.27% |
| 11 | Atlantic Union Bank | 38 | $18.3M | $481K | 2.63% |
| 12 | Readycap Lending, LLC | 36 | $19.5M | $541K | 0.00% |
| 13 | Celtic Bank Corporation | 36 | $14.5M | $404K | 11.11% |
| 14 | Capital Bank, National Association | 32 | $13.4M | $420K | 0.00% |
| 15 | Northeast Bank | 32 | $5.6M | $175K | 3.12% |
| 16 | Bank of Hope | 31 | $14.3M | $460K | 3.23% |
| 17 | Capital One, National Association | 29 | $16.4M | $566K | 6.90% |
| 18 | The Huntington National Bank | 28 | $11.1M | $395K | 0.00% |
| 19 | Industrial Bank | 25 | $19.2M | $767K | 0.00% |
| 20 | Chesapeake Business Finance Corporation | 24 | $30.4M | $1.3M | not reported |
| 21 | PCB Bank | 21 | $10.1M | $483K | 0.00% |
| 22 | Fulton Bank, National Association | 20 | $17.4M | $869K | 0.00% |
| 23 | Bank of America, National Association | 18 | $5.7M | $318K | not reported |
| 24 | BayFirst National Bank | 18 | $3.2M | $178K | not reported |
| 25 | Live Oak Banking Company | 17 | $28.5M | $1.7M | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
7(a) banks vs 504 lenders (CDCs) in District of Columbia
The two SBA programs have different lenders. A 7(a) loan comes from one bank or credit union; a 504 project pairs a bank with a Certified Development Company (CDC), the nonprofit that funds the SBA-backed portion. The leaders in District of Columbia by each program's loans funded since FY2010:
- 1. Manufacturers and Traders Trust Company 368 loans
- 2. TD Bank, National Association 133 loans
- 3. Wells Fargo Bank National Association 91 loans
- 4. EagleBank 85 loans
- 5. Truist Bank 74 loans
- 1. Business Finance Group, Inc. 102 loans
- 2. Chesapeake Business Finance Corporation 24 loans
- 3. Rappahannock Economic Development Corporation 14 loans
Counts are each program's funded loans in District of Columbia. How the two programs differ: 504 vs 7(a), by the data.
Where SBA lending concentrates in District of Columbia
The 3 industries with the most SBA loans in District of Columbia since FY2010, and the most active lender in each. A lender that leads your industry locally can matter more than the overall #1.
| Industry | Loans | Total funded | Most active lender |
|---|---|---|---|
| Accommodation and Food Services | 386 | $226.3M | Manufacturers and Traders Trust Company (59 loans) |
| Professional and Technical Services | 365 | $127.0M | Manufacturers and Traders Trust Company (71 loans) |
| Retail Trade | 303 | $154.3M | Manufacturers and Traders Trust Company (49 loans) |
Full industry, city, and yearly breakdowns: SBA lending in District of Columbia.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to District of Columbia businesses in the SBA's public FOIA record, FY2010–2026, as of 2026-03-31. No lender pays to appear or to rank, and activity is not a fit score: the right lender for you depends on your industry, loan size, and timeline.
- The 10-loan line. A lender enters the District of Columbia table only with at least 10 loans funded in-state, so one-off activity never reads as a track record. Industry cells above are held to at least 30 loans.
- Charge-off is 7(a)-only and needs 20+ loans. The SBA reports charge-offs on 7(a) loans, never on 504 loans. We show an in-state rate only when a lender has at least 20 funded 7(a) loans in District of Columbia; anything thinner reads “not reported,” never 0%. It is a charge-off share of funded loans to date, not a lifetime default rate.
- Name collisions are excluded, and counted. The SBA does not normalize lender names across mergers and rebrands, so one name can blend several unrelated institutions. Flagged names are never ranked on this page; each exclusion is disclosed under the table.
The exact calculations and limits: methodology.
Best SBA lenders in District of Columbia: frequently asked questions
Who is the most active SBA lender in District of Columbia?
Manufacturers and Traders Trust Company is the most active SBA lender in District of Columbia in the public record, with 368 7(a) and 504 loans funded since FY2010 ($53.0M in District of Columbia). The ranking counts loans funded, never who pays us.
Do these lenders only serve District of Columbia?
No. The ranking measures activity in District of Columbia: loans funded to District of Columbia businesses in the SBA's record. Many of these lenders are national or multi-state institutions; the loans, dollars, and charge-off figures shown are their District of Columbia lending only.
What's the difference between a 7(a) lender and a CDC?
A 7(a) lender is a bank or credit union that funds an SBA-guaranteed loan directly. A Certified Development Company (CDC) is a nonprofit that funds the SBA-backed portion of a 504 project alongside a bank. Charge-off is reported only on 7(a) loans, so a 504-only CDC shows "not reported," never 0%.
How many SBA lenders are active in District of Columbia?
38 lenders have funded at least 10 SBA loans in District of Columbia since FY2010 in the public record (as of 2026-03-31). The table above names the 25 most active of them; names that blend several same-named institutions are excluded from rankings.
Mario Bailey. (2026). Best SBA lenders in District of Columbia. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/dc/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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