Are you searching for a business loan backed by the SBA? It's helpful to know which banks are the performers when it comes to offering SBA financing. In this discussion we will explore some of the leading regional banks that frequently provide SBA 7(a) and 504 loans, to businesses.
National SBA Lenders
Several prominent national banks actively offer SBA loans;
Wells Fargo; They rank highly in terms of loan volume and dollar amount providing rates for both 7(a). 504 loans. They also have resources to assist borrowers throughout the process.
U.S Bank; Consistently ranked among the five SBA lenders in the country U.S Bank offers a range of options including SBA Express lines of credit term loans and commercial real estate loans.
JPMorgan Chase; Chase is consistently among the nations three SBA lenders. Their Chase Express SBA loan provides funding within little as one week.
Bank of America; As one of the largest SBA lenders, in the nation Bank of America offers both 7(a) term loans and SBA Express lines of credit. They have a reach and comprehensive capabilities.
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There are not players but also several strong regional and community banks that have expertise in SBA lending, for specific local areas. Some examples include:
Live Oak Bank; This bank specializes in SBA lending within industries such as veterinary practices, funeral homes and pharmacies.
Celtic Bank; Based in Utah Celtic Bank offers both 7(a) small business loans and 504 commercial real estate loans nationwide.
Seacoast Bank; Located in Florida Seacoast is a leading SBA lender in their state. Provides both 7(a). 504 financing.
First Home Bank; Headquartered in Florida First Home Bank is a SBA lender focused on providing 7(a) loans to businesses in the southeast U.S.
By partnering with both regional specialists who specialize in SBA lending small business owners can gain access to the funding, for starting up or expanding their businesses.
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