Top Small Business Lenders – State by State

Hello all,

Here is a list of the top SBA Lenders by state. These are the more aggressive banks in your state catering to small businesses.

The reason I list these particular banks is not only do they have aggressive SBA loan departments, many of the smaller banks offer business credit cards and business lines of credit.

You want to only target only the “portfolio lenders”. What do I mean by a portfolio lender? A portfolio lender is a bank or credit union that originates its own in-house business lines of credit and issues its own bank credit cards. They make their own guidelines and use their own underwriting department to make decisions. It is the bank’s own criteria and underwriters.

They do not use a third party like TIB, WebBank, or Elan Services to fulfill or service your credit card or line of credit request.

Many of these local banks and credit unions offer small business lending products that cater specifically to smaller companies like yours. If the bank only has one or two branches, or just a few locally, then this is the type of bank you want to build a relationship with. (Assuming they offer business products like business checking accounts, credit cards, and business lines of credit). The more unknown the bank or credit union is, the better chance they are an aggressive portfolio lender. Contact these banks and inquire on their services your business can use and make a contact there. Build that relationship by opening up a deposit account even if it is just $100.00. Most banks prefer to work with businesses they have a relationship with.

Two tabs to this Excel spreadsheet. First tab is a list of the top SBA lenders state by state. The second tab shows what credit bureau each bank pulls from. Always apply to the bank that pulls credit from the bureau you have the highest credit score from and cleanest file.

Tab 1: Top SBA Lenders by State

Tab 2: What Bureaus Banks Pull Credit From

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