Banks Making the Most SBA Loans
According to the SBA, the lenders that most frequently make SBA loans include Wells Fargo Bank, Huntington National Bank, JPMorgan Chase Bank and U.S. Bank. Even together, the top one hundred banks providing SBA loans only approve around 9,000 7(a) SBA loans a year.
If you want to get an SBA loan, be sure to review all the requirements laid down by both the SBA and your chosen lender. You will then need to gather together all the detailed information needed and wait up to three months for approval of your funds.
We hope you’ve found these business loan ratings and reviews useful. Be sure to look into your business financing provider and compare their APRs and repayment terms to decide on the right financing for your business.
If you need funding for your business, we can help. We specialize in providing funding for new and unproven businesses, especially if you’ve had difficulty getting funds elsewhere.