Best SBA lenders
Best SBA lenders in Pennsylvania
The most active SBA lenders in Pennsylvania, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. The Huntington National Bank leads with 3,633 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in Pennsylvania
The full Pennsylvania 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 Pennsylvania lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in Pennsylvania; 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 | The Huntington National Bank | 3,633 | $732.1M | $202K | 2.97% |
| 2 | Manufacturers and Traders Trust Company | 3,369 | $408.0M | $121K | 4.39% |
| 3 | TD Bank, National Association | 2,507 | $311.4M | $124K | 6.50% |
| 4 | Citizens Bank, National Association | 1,372 | $238.2M | $174K | 2.77% |
| 5 | Wells Fargo Bank National Association | 1,170 | $236.7M | $202K | 6.15% |
| 6 | PNC Bank, National Association | 1,058 | $257.0M | $243K | 2.84% |
| 7 | First Commonwealth Bank | 947 | $503.0M | $531K | 2.43% |
| 8 | Wilmington Savings Fund Society FSB | 868 | $608.3M | $701K | 4.84% |
| 9 | KeyBank National Association | 857 | $213.5M | $249K | 1.75% |
| 10 | First National Bank of Pennsylvania | 652 | $290.8M | $446K | 2.45% |
| 11 | Fulton Bank, National Association | 609 | $508.1M | $834K | 3.28% |
| 12 | Beacon Bank and Trust | 559 | $517.6M | $926K | 2.86% |
| 13 | Santander Bank, National Association | 533 | $71.8M | $135K | 3.75% |
| 14 | Northwest Bank | 527 | $140.8M | $267K | 0.00% |
| 15 | Live Oak Banking Company | 496 | $605.4M | $1.2M | 0.60% |
| 16 | South Eastern Economic Development Company of Pennsylvania | 483 | $431.9M | $894K | not reported |
| 17 | Univest Bank and Trust Co | 481 | $202.6M | $421K | 3.33% |
| 18 | Northeast Bank | 464 | $81.8M | $176K | 1.29% |
| 19 | Empire State Certified Development Corporation | 439 | $413.4M | $942K | not reported |
| 20 | Mid Penn Bank | 418 | $181.1M | $433K | 0.72% |
| 21 | Meridian Bank | 414 | $371.1M | $896K | 0.72% |
| 22 | BayFirst National Bank | 398 | $73.7M | $185K | 5.53% |
| 23 | Truist Bank | 387 | $218.0M | $563K | 3.36% |
| 24 | Citizens & Northern Bank | 384 | $133.0M | $346K | 5.21% |
| 25 | Enterprise Bank | 371 | $234.6M | $632K | 2.96% |
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 Pennsylvania
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 Pennsylvania by each program's loans funded since FY2010:
- 1. The Huntington National Bank 3,633 loans
- 2. Manufacturers and Traders Trust Company 3,369 loans
- 3. TD Bank, National Association 2,507 loans
- 4. Citizens Bank, National Association 1,372 loans
- 5. Wells Fargo Bank National Association 1,170 loans
- 1. South Eastern Economic Development Company of Pennsylvania 483 loans
- 2. Empire State Certified Development Corporation 421 loans
- 3. Regional Development Funding Corporation 288 loans
- 4. EDC Finance Corporation 175 loans
- 5. SEDA-COG Local Development Corporation 161 loans
Counts are each program's funded loans in Pennsylvania. How the two programs differ: 504 vs 7(a), by the data.
Where SBA lending concentrates in Pennsylvania
The 3 industries with the most SBA loans in Pennsylvania 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 | 4,709 | $2.7B | The Huntington National Bank (576 loans) |
| Retail Trade | 3,920 | $1.5B | Manufacturers and Traders Trust Company (458 loans) |
| Construction | 3,748 | $965.4M | The Huntington National Bank (662 loans) |
Full industry, city, and yearly breakdowns: SBA lending in Pennsylvania.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to Pennsylvania 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 Pennsylvania 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 Pennsylvania; 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 Pennsylvania: frequently asked questions
Who is the most active SBA lender in Pennsylvania?
The Huntington National Bank is the most active SBA lender in Pennsylvania in the public record, with 3,633 7(a) and 504 loans funded since FY2010 ($732.1M in Pennsylvania). The ranking counts loans funded, never who pays us.
Do these lenders only serve Pennsylvania?
No. The ranking measures activity in Pennsylvania: loans funded to Pennsylvania 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 Pennsylvania 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 Pennsylvania?
147 lenders have funded at least 10 SBA loans in Pennsylvania 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 Pennsylvania. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/pa/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
Find your SBA lender in Pennsylvania
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.