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County2nd of 67 in Pennsylvania by approvalsFIPS 42101
SBA loans in Philadelphia 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 Philadelphia County, Pennsylvania, received 1,241 SBA loan approvals worth $535M in FY2021 to FY2025 (1,200 7(a), 41 504).
That is 42.1 approvals per 1,000 business establishments (29,460 establishments in 2023), close to the Pennsylvania figure of 36.7 and close to the national 41.0.
It ranks 2nd of 67 Pennsylvania counties with approvals. In FY2025 there were 316, up 11% on FY2024.
103 lenders had approvals here; the most active were TD Bank, National Association (334), Wells Fargo Bank National Association (56) and KeyBank National Association (55). 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 Philadelphia County
By number of approvals to businesses in the county, FY2021–FY2025; 103 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 334 | $38.7M | 26.9% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 56 | $2.6M | 4.5% | |
| 3 | KeyBank National AssociationCleveland, OH | 55 | $4.8M | 4.4% | |
| 4 | Meridian BankMalvern, PA | 54 | $37.2M | 4.4% | |
| 5 | Manufacturers and Traders Trust CompanyBuffalo, NY | 50 | $5.9M | 4.0% | |
| 6 | Northeast BankLewiston, ME | 48 | $8.4M | 3.9% | |
| 7 | Wilmington Savings Fund Society FSBWilmington, DE | 45 | $33.3M | 3.6% | |
| 8 | Newtek Bank, National AssociationMiami, FL | 40 | $28.5M | 3.2% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 37 | $5.8M | 3.0% | |
| 10 | Readycap Lending, LLCBerkeley Heights, NJ | 36 | $9.3M | 2.9% | |
| 11 | The Huntington National BankColumbus, OH | 32 | $9.8M | 2.6% | |
| 12 | PNC Bank, National AssociationWilmington, DE | 26 | $7.5M | 2.1% | |
| 13 | Woori America BankNew York, NY | 25 | $18.2M | 2.0% | |
| 14 | Empire State Certified Development CorporationLatham, NY · CDC | 23 | $25.0M | 1.9% | |
| 15 | Fulton Bank, National AssociationLancaster, PA | 22 | $18.8M | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 137 | 11.0% | |
| 2 | General Freight TruckingNAICS 4841 | 65 | 5.2% | |
| 3 | Personal Care ServicesNAICS 8121 | 53 | 4.3% | |
| 4 | Residential Building ConstructionNAICS 2361 | 49 | 3.9% | |
| 5 | Child Day Care ServicesNAICS 6244 | 43 | 3.5% | |
| 6 | Grocery StoresNAICS 4451 | 41 | 3.3% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 38 | 3.1% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 28 | 2.3% | |
| 9 | Automotive Repair and MaintenanceNAICS 8111 | 27 | 2.2% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 27 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 192 | 15.5% | |
| 2 | Retail Trade | 191 | 15.4% | |
| 3 | Professional, Scientific, and Technical Services | 142 | 11.4% | |
| 4 | Health Care and Social Assistance | 132 | 10.6% | |
| 5 | Other Services (except Public Administration) | 123 | 9.9% | |
| 6 | Construction | 108 | 8.7% | |
| 7 | Transportation and Warehousing | 95 | 7.7% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 46 | 3.7% |
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* | 176 | $72.2M | $175K | 8 | $5.8M | 184 | 1,522 |
| FY2025 | 309 | $127M | $150K | 7 | $8.5M | 316 | 3,416 |
| FY2024 | 282 | $126M | $111K | 2 | — | 284 | 3,416 |
| FY2023 | 244 | $63.4M | $75K | 9 | $18.0M | 253 | 2,092 |
| FY2022 | 208 | $87.9M | $141K | 15 | $16.8M | 223 | 1,665 |
| FY2021 | 157 | $75.1M | $225K | 8 | $9.5M | 165 | 1,732 |
| FY2020 | 102 | $38.1M | $174K | 4 | $2.6M | 106 | 1,357 |
| FY2019 | 226 | $79.4M | $100K | 7 | $7.8M | 233 | 2,155 |
| FY2018 | 243 | $81.0M | $100K | 7 | $9.6M | 250 | 2,338 |
| FY2017 | 256 | $68.9M | $100K | 6 | $5.8M | 262 | 1,899 |
| FY2016 | 229 | $71.3M | $100K | 7 | $9.2M | 236 | 2,253 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 1,087 approvals.
Against Pennsylvania and the country
| FY2021–FY2025 | Philadelphia County | Pennsylvania | United States |
|---|---|---|---|
| Approvals | 1,241 | 11,283 | 342,825 |
| Approvals per 1,000 establishments | 42.1 | 36.7 | 41.0 |
| Median 7(a) approval | $122K | $150K | $190K |
| Median 504 approval | $653K | $607K | $657K |
| Average approval | $431K | $482K | $573K |
| 504 share of approvals | 3.3% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 9.9 | 10.3 | 10.5 |
| Share of state approvals | 11.0% | 100.0% | — |
Approval sizes
- $50,000 or less35.7%443
- $50,001 to $150,00020.4%253
- $150,001 to $350,00016.2%201
- $350,001 to $1 million17.3%215
- $1 million to $2 million5.6%69
- Over $2 million4.8%60
Age of the businesses
- Existing, more than 2 years old54.4%675
- New business, 2 years or less27.3%339
- Startup, loan funds will open the business12.2%152
- Change of ownership6.0%75
Questions and answers
Which lenders make the most SBA loans in Philadelphia County?
By approvals in FY2021 to FY2025: TD Bank, National Association (334), Wells Fargo Bank National Association (56), KeyBank National Association (55), Meridian Bank (54), Manufacturers and Traders Trust Company (50). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Philadelphia County?
The median 7(a) approval was $122K and the median 504 approval $653K; the Pennsylvania 7(a) median was $150K.
Which industries get the most SBA loans in Philadelphia County?
Restaurants and Other Eating Places (137); General Freight Trucking (65); Personal Care Services (53); Residential Building Construction (49); Child Day Care Services (43).
Is SBA lending in Philadelphia County rising?
Approvals in the three latest complete fiscal years total 853, against 494 in the three before: rising (+73%).
How does Philadelphia County compare with the rest of Pennsylvania?
42.1 approvals per 1,000 establishments against 36.7 statewide, and 1,241 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