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County13th of 67 in Pennsylvania by approvalsFIPS 42069
SBA loans in Lackawanna 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.
Businesses in Lackawanna County, Pennsylvania, received 273 SBA loan approvals worth $95.0M in FY2021 to FY2025 (228 7(a), 45 504).
That is 52.5 approvals per 1,000 business establishments (5,198 establishments in 2023), above the Pennsylvania figure of 36.7 and above the national 41.0.
It ranks 13th of 67 Pennsylvania counties with approvals. In FY2025 there were 70, up 8% on FY2024.
35 lenders had approvals here; the most active were PS Bank (63), Fidelity Deposit and Discount Bank (45) and NEPA Alliance Business Finance Corporation (31). 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 Lackawanna County
By number of approvals to businesses in the county, FY2021–FY2025; 35 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | PS BankWyalusing, PA | 63 | $13.1M | 23.1% | |
| 2 | Fidelity Deposit and Discount BankDunmore, PA | 45 | $12.3M | 16.5% | |
| 3 | NEPA Alliance Business Finance CorporationPittston, PA · CDC | 31 | $13.2M | 11.4% | |
| 4 | Manufacturers and Traders Trust CompanyBuffalo, NY | 17 | $4.3M | 6.2% | |
| 5 | Peoples Security Bank and Trust CompanyScranton, PA | 15 | $4.8M | 5.5% | |
| 6 | NEPA Alliance Business Finance CorporationPittston, PA | 15 | $2.2M | 5.5% | |
| 7 | Northeastern Economic Development Company of PA-CDC, Inc.Dunmore, PA · CDC | 11 | $6.5M | 4.0% | |
| 8 | Northeast BankLewiston, ME | 8 | $1.5M | 2.9% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 7 | $1.1M | 2.6% | |
| 10 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $145K | 2.6% | |
| 11 | Wayne BankHonesdale, PA | 5 | $5.2M | 1.8% | |
| 12 | The Honesdale National BankHonesdale, PA | 5 | $2.3M | 1.8% | |
| 13 | Community Bank, National AssociationCanton, NY | 5 | $330K | 1.8% | |
| 14 | First National Bank of PennsylvaniaGreenville, PA | 4 | $2.4M | 1.5% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 4 | $600K | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 34 | 12.5% | |
| 2 | General Freight TruckingNAICS 4841 | 15 | 5.5% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 13 | 4.8% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 10 | 3.7% | |
| 5 | Residential Building ConstructionNAICS 2361 | 9 | 3.3% | |
| 6 | Personal Care ServicesNAICS 8121 | 8 | 2.9% | |
| 7 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 7 | 2.6% | |
| 8 | Other Miscellaneous RetailersNAICS 4599 | 7 | 2.6% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 2.6% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 6 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 44 | 16.1% | |
| 2 | Retail Trade | 42 | 15.4% | |
| 3 | Construction | 30 | 11.0% | |
| 4 | Transportation and Warehousing | 24 | 8.8% | |
| 5 | Other Services (except Public Administration) | 21 | 7.7% | |
| 6 | Manufacturing | 20 | 7.3% | |
| 7 | Health Care and Social Assistance | 20 | 7.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 19 | 7.0% |
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* | 29 | $9.0M | $144K | 4 | $2.6M | 33 | 232 |
| FY2025 | 61 | $23.2M | $150K | 9 | $4.1M | 70 | 570 |
| FY2024 | 59 | $14.7M | $100K | 6 | $3.3M | 65 | 357 |
| FY2023 | 43 | $9.5M | $95K | 8 | $3.0M | 51 | 239 |
| FY2022 | 30 | $7.8M | $100K | 11 | $6.5M | 41 | 345 |
| FY2021 | 35 | $15.3M | $269K | 11 | $7.5M | 46 | 510 |
| FY2020 | 30 | $16.0M | $210K | 7 | $5.4M | 37 | 338 |
| FY2019 | 33 | $8.2M | $150K | 3 | $3.1M | 36 | 265 |
| FY2018 | 36 | $18.1M | $113K | 5 | $1.2M | 41 | 450 |
| FY2017 | 34 | $11.0M | $150K | 3 | $1.0M | 37 | 605 |
| FY2016 | 47 | $15.3M | $150K | 0 | — | 47 | 501 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 198 approvals.
Against Pennsylvania and the country
| FY2021–FY2025 | Lackawanna County | Pennsylvania | United States |
|---|---|---|---|
| Approvals | 273 | 11,283 | 342,825 |
| Approvals per 1,000 establishments | 52.5 | 36.7 | 41.0 |
| Median 7(a) approval | $138K | $150K | $190K |
| Median 504 approval | $408K | $607K | $657K |
| Average approval | $348K | $482K | $573K |
| 504 share of approvals | 16.5% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 7.4 | 10.3 | 10.5 |
| Share of state approvals | 2.4% | 100.0% | — |
Approval sizes
- $50,000 or less21.2%58
- $50,001 to $150,00029.3%80
- $150,001 to $350,00020.1%55
- $350,001 to $1 million22.7%62
- $1 million to $2 million4.8%13
- Over $2 million1.8%5
Age of the businesses
- Existing, more than 2 years old54.2%148
- New business, 2 years or less15.4%42
- Startup, loan funds will open the business19.8%54
- Change of ownership10.3%28
- Not answered0.4%1
Questions and answers
Which lenders make the most SBA loans in Lackawanna County?
By approvals in FY2021 to FY2025: PS Bank (63), Fidelity Deposit and Discount Bank (45), NEPA Alliance Business Finance Corporation (31), Manufacturers and Traders Trust Company (17), Peoples Security Bank and Trust Company (15). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lackawanna County?
The median 7(a) approval was $138K and the median 504 approval $408K; the Pennsylvania 7(a) median was $150K.
Which industries get the most SBA loans in Lackawanna County?
Restaurants and Other Eating Places (34); General Freight Trucking (15); Services to Buildings and Dwellings (13); Offices of Other Health Practitioners (10); Residential Building Construction (9).
Is SBA lending in Lackawanna County rising?
Approvals in the three latest complete fiscal years total 186, against 124 in the three before: rising (+50%).
How does Lackawanna County compare with the rest of Pennsylvania?
52.5 approvals per 1,000 establishments against 36.7 statewide, and 273 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