SBA lending by metro area
SBA lenders in Somerset, PA
Which lenders fund Somerset-area businesses, how much, and how the market compares with Pennsylvania: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Somerset area
Ranked by SBA volume funded to businesses located in the Somerset micropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | $10.8M | $2.2M | not reported |
| 2 | First Commonwealth Bank | 14 | $10.8M | $771K | not reported |
| 3 | Somerset Trust Company | 10 | $8.9M | $892K | not reported |
| 4 | Manufacturers and Traders Trust Company | 9 | $826K | $92K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Somerset compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Somerset area | $289K ▲ 92.3% | 5.6% ▼ 0.6 pts |
| Pennsylvania | $150K | 6.2% |
| United States | $179K | 11.2% |
What gets funded in Somerset
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 13 | $12.8M |
| Construction | 21 | $11.2M |
| Health Care and Social Assistance | 7 | $7.9M |
| Manufacturing | 8 | $6.6M |
| Retail Trade | 6 | $2.4M |
| Agriculture, Forestry, Fishing | 5 | $446K |
SBA lending in Somerset by year
Geography, precisely
"Somerset area" here means the Somerset, PA micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Somerset County, PA. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.