States › Pennsylvania › Fayette County
County31st of 67 in Pennsylvania by approvalsFIPS 42051
SBA loans in Fayette County, Pennsylvania
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 49 loans to businesses in Fayette County, Pennsylvania, in FY2021 to FY2025, worth $22.5M: 49 under 7(a) and 0 under 504.
That is 19.7 approvals per 1,000 business establishments (2,485 establishments in 2023), below the Pennsylvania figure of 36.7 and below the national 41.0.
It ranks 31st of 67 Pennsylvania counties with approvals. In FY2025 there were 11.
22 lenders had approvals here; the most active were The Huntington National Bank (15), Somerset Trust Company (4) and Northeast Bank (3). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Fayette County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 15 | $2.3M | 30.6% | |
| 2 | Somerset Trust CompanySomerset, PA | 4 | $897K | 8.2% | |
| 3 | Northeast BankLewiston, ME | 3 | $598K | 6.1% | |
| 4 | First Commonwealth BankIndiana, PA | 2 | — | 4.1% | |
| 5 | Port 51 Lending LLCNew York, NY | 2 | — | 4.1% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 2 | — | 4.1% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 2 | — | 4.1% | |
| 8 | Clear Mountain Bank, Inc.Bruceton Mills, WV | 2 | — | 4.1% | |
| 9 | PNC Bank, National AssociationWilmington, DE | 2 | — | 4.1% | |
| 10 | Community BankCarmichaels, PA | 2 | — | 4.1% | |
| 11 | Northwest BankWarren, PA | 2 | — | 4.1% | |
| 12 | T Bank, National AssociationDallas, TX | 1 | — | 2.0% | |
| 13 | The Bancorp Bank National AssociationSioux Falls, SD | 1 | — | 2.0% | |
| 14 | Enterprise BankAllison Park, PA | 1 | — | 2.0% | |
| 15 | City National Bank of FloridaMiami, FL | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 12 | 24.5% | |
| 2 | General Freight TruckingNAICS 4841 | 4 | 8.2% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 3 | 6.1% | |
| 4 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 3 | 6.1% | |
| 5 | Offices of DentistsNAICS 6212 | 3 | 6.1% | |
| 6 | Automobile DealersNAICS 4411 | 3 | 6.1% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 4.1% | |
| 8 | Lessors of Real EstateNAICS 5311 | 2 | 4.1% | |
| 9 | Utility System ConstructionNAICS 2371 | 2 | 4.1% | |
| 10 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 2 | 4.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 24.5% | |
| 2 | Construction | 11 | 22.4% | |
| 3 | Health Care and Social Assistance | 6 | 12.2% | |
| 4 | Retail Trade | 4 | 8.2% | |
| 5 | Transportation and Warehousing | 4 | 8.2% | |
| 6 | Other Services (except Public Administration) | 3 | 6.1% | |
| 7 | Real Estate and Rental and Leasing | 3 | 6.1% | |
| 8 | Manufacturing | 2 | 4.1% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 9 | $1.7M | $50K | 1 | — | 10 | 88 |
| FY2025 | 11 | $7.6M | $335K | 0 | — | 11 | 147 |
| FY2024 | 9 | $2.1M | $148K | 0 | — | 9 | 81 |
| FY2023 | 17 | $4.8M | $70K | 0 | — | 17 | 58 |
| FY2022 | 9 | $7.8M | $324K | 0 | — | 9 | 64 |
| FY2021 | 3 | $204K | $54K | 0 | — | 3 | 37 |
| FY2020 | 11 | $8.8M | $350K | 1 | — | 12 | 79 |
| FY2019 | 12 | $3.5M | $150K | 0 | — | 12 | 83 |
| FY2018 | 16 | $4.6M | $109K | 1 | — | 17 | 91 |
| FY2017 | 7 | $3.5M | $563K | 2 | — | 9 | 32 |
| FY2016 | 6 | $237K | $33K | 0 | — | 6 | 143 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 56 approvals.
Against Pennsylvania and the country
| FY2021–FY2025 | Fayette County | Pennsylvania | United States |
|---|---|---|---|
| Approvals | 49 | 11,283 | 342,825 |
| Approvals per 1,000 establishments | 19.7 | 36.7 | 41.0 |
| Median 7(a) approval | $150K | $150K | $190K |
| Median 504 approval | — | $607K | $657K |
| Average approval | $460K | $482K | $573K |
| 504 share of approvals | 0.0% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 7.9 | 10.3 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less20.4%10
- $50,001 to $150,00034.7%17
- $150,001 to $350,00020.4%10
- $350,001 to $1 million10.2%5
- $1 million to $2 million8.2%4
- Over $2 million6.1%3
Age of the businesses
- Existing, more than 2 years old65.3%32
- New business, 2 years or less12.2%6
- Startup, loan funds will open the business16.3%8
- Change of ownership6.1%3
Questions and answers
Which lenders make the most SBA loans in Fayette County?
By approvals in FY2021 to FY2025: The Huntington National Bank (15), Somerset Trust Company (4), Northeast Bank (3), First Commonwealth Bank (2), Port 51 Lending LLC (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Fayette County?
The median 7(a) approval was $150K; the Pennsylvania 7(a) median was $150K.
Which industries get the most SBA loans in Fayette County?
Restaurants and Other Eating Places (12); General Freight Trucking (4); Other Specialty Trade Contractors (3); Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (3); Offices of Dentists (3).
Is SBA lending in Fayette County rising?
Approvals in the three latest complete fiscal years total 37, against 24 in the three before: rising (+54%).
How does Fayette County compare with the rest of Pennsylvania?
19.7 approvals per 1,000 establishments against 36.7 statewide, and 49 of the state's 11,283 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error