States › Pennsylvania › Mercer County
County23rd of 67 in Pennsylvania by approvalsFIPS 42085
SBA loans in Mercer 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 108 loans to businesses in Mercer County, Pennsylvania, in FY2021 to FY2025, worth $29.3M: 101 under 7(a) and 7 under 504.
That is 41.4 approvals per 1,000 business establishments (2,611 establishments in 2023), close to the Pennsylvania figure of 36.7 and close to the national 41.0.
It ranks 23rd of 67 Pennsylvania counties with approvals. In FY2025 there were 22, down 15% on FY2024.
24 lenders had approvals here; the most active were The Huntington National Bank (58), First National Bank of Pennsylvania (10) and Enterprise Bank (8). 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 Mercer County
By number of approvals to businesses in the county, FY2021–FY2025; 24 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 58 | $5.7M | 53.7% | |
| 2 | First National Bank of PennsylvaniaGreenville, PA | 10 | $3.8M | 9.3% | |
| 3 | Enterprise BankAllison Park, PA | 8 | $5.4M | 7.4% | |
| 4 | BayFirst National BankSaint Petersburg, FL | 4 | $750K | 3.7% | |
| 5 | Regional Development Funding CorporationPittsburgh, PA · CDC | 3 | $1.4M | 2.8% | |
| 6 | Empire State Certified Development CorporationLatham, NY · CDC | 2 | — | 1.9% | |
| 7 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 1.9% | |
| 8 | Valley Economic Development Partners, Inc.Youngstown, OH | 2 | — | 1.9% | |
| 9 | Heritage Bank IncBurlington, KY | 2 | — | 1.9% | |
| 10 | Colony BankFitzgerald, GA | 2 | — | 1.9% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 2 | — | 1.9% | |
| 12 | Valley Economic Development Partners, Inc.Youngstown, OH · CDC | 1 | — | 0.9% | |
| 13 | Beacon Bank and TrustBrookline, MA | 1 | — | 0.9% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 1 | — | 0.9% | |
| 15 | Bank Five NineOconomowoc, WI | 1 | — | 0.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 10.2% | |
| 2 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 8 | 7.4% | |
| 3 | Residential Building ConstructionNAICS 2361 | 8 | 7.4% | |
| 4 | Home Health Care ServicesNAICS 6216 | 5 | 4.6% | |
| 5 | Traveler AccommodationNAICS 7211 | 4 | 3.7% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 4 | 3.7% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 4 | 3.7% | |
| 8 | Boiler, Tank, and Shipping Container ManufacturingNAICS 3324 | 3 | 2.8% | |
| 9 | Death Care ServicesNAICS 8122 | 3 | 2.8% | |
| 10 | Child Day Care ServicesNAICS 6244 | 3 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 25 | 23.1% | |
| 2 | Accommodation and Food Services | 16 | 14.8% | |
| 3 | Manufacturing | 11 | 10.2% | |
| 4 | Health Care and Social Assistance | 11 | 10.2% | |
| 5 | Retail Trade | 9 | 8.3% | |
| 6 | Other Services (except Public Administration) | 8 | 7.4% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 6 | 5.6% | |
| 8 | Wholesale Trade | 5 | 4.6% |
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* | 6 | $1.8M | $111K | 2 | — | 8 | 56 |
| FY2025 | 21 | $7.2M | $150K | 1 | — | 22 | 188 |
| FY2024 | 25 | $3.6M | $75K | 1 | — | 26 | 162 |
| FY2023 | 15 | $3.3M | $145K | 0 | — | 15 | 142 |
| FY2022 | 18 | $4.1M | $100K | 4 | $1.8M | 22 | 245 |
| FY2021 | 22 | $6.1M | $84K | 1 | — | 23 | 137 |
| FY2020 | 17 | $8.4M | $150K | 1 | — | 18 | 124 |
| FY2019 | 21 | $11.1M | $100K | 1 | — | 22 | 363 |
| FY2018 | 34 | $14.8M | $60K | 0 | — | 34 | 293 |
| FY2017 | 20 | $12.5M | $50K | 1 | — | 21 | 309 |
| FY2016 | 15 | $684K | $25K | 1 | — | 16 | 56 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 111 approvals.
Against Pennsylvania and the country
| FY2021–FY2025 | Mercer County | Pennsylvania | United States |
|---|---|---|---|
| Approvals | 108 | 11,283 | 342,825 |
| Approvals per 1,000 establishments | 41.4 | 36.7 | 41.0 |
| Median 7(a) approval | $100K | $150K | $190K |
| Median 504 approval | $483K | $607K | $657K |
| Average approval | $271K | $482K | $573K |
| 504 share of approvals | 6.5% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 8.1 | 10.3 | 10.5 |
| Share of state approvals | 1.0% | 100.0% | — |
Approval sizes
- $50,000 or less30.6%33
- $50,001 to $150,00034.3%37
- $150,001 to $350,0009.3%10
- $350,001 to $1 million21.3%23
- $1 million to $2 million3.7%4
- Over $2 million0.9%1
Age of the businesses
- Existing, more than 2 years old66.7%72
- New business, 2 years or less13.0%14
- Startup, loan funds will open the business12.0%13
- Change of ownership8.3%9
Questions and answers
Which lenders make the most SBA loans in Mercer County?
By approvals in FY2021 to FY2025: The Huntington National Bank (58), First National Bank of Pennsylvania (10), Enterprise Bank (8), BayFirst National Bank (4), Regional Development Funding Corporation (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Mercer County?
The median 7(a) approval was $100K and the median 504 approval $483K; the Pennsylvania 7(a) median was $150K.
Which industries get the most SBA loans in Mercer County?
Restaurants and Other Eating Places (11); Foundation, Structure, and Building Exterior Contractors (8); Residential Building Construction (8); Home Health Care Services (5); Traveler Accommodation (4).
Is SBA lending in Mercer County rising?
Approvals in the three latest complete fiscal years total 63, against 63 in the three before: broadly level (0%).
How does Mercer County compare with the rest of Pennsylvania?
41.4 approvals per 1,000 establishments against 36.7 statewide, and 108 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