SBA loans by state
SBA loans in Pennsylvania: 1,873 approvals in FY 2026, median $200,000
The state stood out for loans to golf courses and country clubs. Lending was spread out; Philadelphia County led with 12%.
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Pennsylvania: 7(a) loans approved last year
1,873
| Your rate vs. last year’s loans of this size, all states | about the median for this size |
| Pennsylvania: median rate at approval, $50,001 to $250,000 | 9.75% |
| Pennsylvania: median 7(a) loan last year | $200,000 |
| Payment over 10 years, SBA fee added to the loan | $2,702/mo |
Last year’s loans: the 7(a) loans SBA approved from October 1, 2025 to September 30, 2026 (fiscal year 2026), in SBA’s public loan file of September 30, 2026. Rates at approval were set when prime was 6.75% or 7.00%; today: prime rate 7.00% on November 2, 2026. Your rate is compared on its margin over prime, so the change in prime since last year does not count against you.
Pennsylvania, FY 2026: 1,873 SBA 7(a) approvals for $988.8 million (7th of the 50 states and DC, SBA file of September 30, 2026). The state stood out for loans to golf courses and country clubs. Lending was spread out; Philadelphia County led with 12%. Variable rates dominated: only 8% of loans were fixed. Only 142 lenders were active. 504 lending was light, 105 approvals. 41% of loans went through SBA Express. 12% of variable loans were priced at the SBA maximum. 30% of approvals were revolving lines of credit. Mid-size loans were priced at a median of 9.75%, above the national 9.75%. Only 19% of the loans came from lenders based in Pennsylvania. 14% of loans financed the purchase of a business. Today’s cap on a $200,000 variable loan: 13.00%.
Fee notices read and loan file counted by Radif Partners · Editorial policy · Method and sources
| Lender | FY 2026 loans | Median loan | Median variable rate | Lender’s home state |
|---|---|---|---|---|
| M&T Bank | 328 | $40,000 | 10.25% | New York |
| TD Bank | 127 | $40,000 | 9.75% | Delaware |
| Huntington National Bank | 125 | $80,000 | 9.50% | Ohio |
| Newtek Bank | 119 | $150,000 | 9.75% | Florida |
| Northeast Bank | 103 | $150,000 | 9.75% | Maine |
More common here than nationally: golf courses and country clubs
12 Pennsylvania loans went to golf courses and country clubs, 9.2 times the national share for that trade. The most frequent trades overall were full-service restaurants, limited-service restaurants and residential remodelers. SBA’s lending rules list these properties as special-purpose, which raises the owner’s contribution on a 504 project to 15% and allows a 7(a) purchase that is mostly real estate to run up to 25 years.
Spread across the state
No county dominates: the busiest, Philadelphia County, had 12% of approvals, followed by Montgomery County (203) and Allegheny County (184).
Nearly all variable
Only 8% of Pennsylvania’s approvals were fixed-rate (13% nationally). On the variable loans the margin is set for life but the payment follows prime, which was 7.00% in November 2025, 6.75% from December 11 and 7.00% again from September 17, 2026.
Fewer lenders per loan than most states
142 lenders made all 1,873 of Pennsylvania’s loans. For that many loans, its number of lenders is the 8th lowest among the 50 states and DC. The national SBA lenders that work by phone widen the choice.
| Loan size | Loans | Median variable rate, FY 2026 | SBA maximum today |
|---|---|---|---|
| $50,000 or less | 459 | 10.50% | 13.50% |
| $50,001 to $250,000 | 609 | 9.75% | 13.00% |
| $250,001 to $350,000 | 203 | 9.50% | 11.50% |
| over $350,000 | 602 | 9.00% | 10.00% |
504 lending is light
Pennsylvania had 105 504 approvals ($121.9 million), 5.6 for every 100 7(a) loans against 10.8 nationally. The busiest certified development companies were South Eastern Economic Development Company of Pennsylvania (27), NEPA Alliance Business Finance Corporation (23) and Regional Development Funding Corporation (19).
SBA Express carries much of the volume
41% of Pennsylvania’s approvals were SBA Express loans (34% nationally). Express stops at $500,000, carries a 50% guaranty and lets the lender decide on its own forms; the fee is charged on that smaller guaranteed part.
Many loans priced at the ceiling
12% of Pennsylvania’s variable loans were at the maximum SBA allows for their size, against 11% nationally. Almost all of those are loans of $50,000 or less, where the cap is prime plus 6.5 points; in that band 35% of Pennsylvania’s loans were at the cap.
Lines of credit are common
30% of Pennsylvania’s approvals were revolving lines rather than term loans (24% nationally). A line is drawn and repaid as the business needs; interest runs only on what is drawn, but the guaranty fee is set on the full approved amount.
Counties with the most approvals: Philadelphia (225), Montgomery (203) and Allegheny (184). Trades: full-service restaurants (104), limited-service restaurants (67), residential remodelers (52), fitness and recreational sports centers (51) and child care services (50).
All states compared.