Pennsylvania

Northeast region#11 of 61 by dollars+2.1% loans YoYTop trade: Full-Service Restaurants
Find my lender →
Loans on record
65,534
since FY1991
Dollars approved
$17.2B
Average loan
$263K
Charge-off rate
4.8%
by dollars · 11.1% by count

Largest lenders in Pennsylvania

Ranked by loans into this state since FY2016. A lender headquartered elsewhere still counts. The SBA market is national, and several of the largest lenders in most states are based nowhere near them.

Approvals by fiscal year

'11'15'20'25'26

Hatched bar is FY2026, a partial year. The snapshot ends 30 June 2026.

2,173 loans in FY2025▲ 2% vs FY2024144 lenders active in FY2025

What gets funded here

Loan count by NAICS industry, whole record. Shares are of all 65,534 loans in Pennsylvania, which is why they are small: SBA lending in any state spreads across hundreds of trades, and no single one of them is close to dominant.

What borrowers here pay

Typical pricingPrime + 2.75
Median rate 10.50%Fixed 9%4,865 loans

Median initial rate on Pennsylvania 7(a) loans approved FY2024 onward, against a market median of Prime + 2.75. That is about what the market typically prices. It is the rate at approval, not an offer, and says nothing about fees.

A state prices dear or cheap mostly because of what gets borrowed there, not where it is. Markets whose lending skews to small loans sit higher. How SBA pricing works →

Program mix

7(a) · 96% (62,802)504 · 4% (2,732)

Split by loan count.

Where inside the state

Allegheny13%
Philadelphia10%
Montgomery9%
Bucks7%
Delaware5%
Chester5%

Share is of all this state’s loans, so the 6 counties shown need not sum to 100%. Together they hold 48% of them. County is recorded as a name only, so it is shown but not linked.

Loss rate in context

Pennsylvania4.8%
Every market4.6%

Elsewhere in the Northeast

Borrower?

See which of these Pennsylvania lenders fits your business.

Find my lender →