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County39th of 67 in Pennsylvania by approvalsFIPS 42111
SBA loans in Somerset 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 38 loans to businesses in Somerset County, Pennsylvania, in FY2021 to FY2025, worth $29.8M: 37 under 7(a) and 1 under 504.
That is 23.1 approvals per 1,000 business establishments (1,647 establishments in 2023), below the Pennsylvania figure of 36.7 and below the national 41.0.
It ranks 39th of 67 Pennsylvania counties with approvals. In FY2025 there were 10.
15 lenders had approvals here; the most active were First Commonwealth Bank (12), Northwest Bank (4) and Manufacturers and Traders Trust Company (4). The most common industry was residential building construction.
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 Somerset County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First Commonwealth BankIndiana, PA | 12 | $10.4M | 31.6% | |
| 2 | Northwest BankWarren, PA | 4 | $2.5M | 10.5% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 4 | $121K | 10.5% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 3 | $5.0M | 7.9% | |
| 5 | Mid Penn BankMillersburg, PA | 3 | $2.9M | 7.9% | |
| 6 | Somerset Trust CompanySomerset, PA | 3 | $900K | 7.9% | |
| 7 | GBankLas Vegas, NV | 1 | — | 2.6% | |
| 8 | Harvest Small Business Finance, LLCLaguna Hills, CA | 1 | — | 2.6% | |
| 9 | Empire State Certified Development CorporationLatham, NY · CDC | 1 | — | 2.6% | |
| 10 | PNC Bank, National AssociationWilmington, DE | 1 | — | 2.6% | |
| 11 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 2.6% | |
| 12 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 2.6% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.6% | |
| 14 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.6% | |
| 15 | Northeast BankLewiston, ME | 1 | — | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 8 | 21.1% | |
| 2 | Traveler AccommodationNAICS 7211 | 4 | 10.5% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 3 | 7.9% | |
| 4 | Nonresidential Building ConstructionNAICS 2362 | 3 | 7.9% | |
| 5 | Beverage ManufacturingNAICS 3121 | 2 | 5.3% | |
| 6 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 2 | 5.3% | |
| 7 | Other Chemical Product and Preparation ManufacturingNAICS 3259 | 2 | 5.3% | |
| 8 | Offices of DentistsNAICS 6212 | 2 | 5.3% | |
| 9 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 5.3% | |
| 10 | Lessors of Real EstateNAICS 5311 | 1 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 15 | 39.5% | |
| 2 | Accommodation and Food Services | 7 | 18.4% | |
| 3 | Manufacturing | 4 | 10.5% | |
| 4 | Health Care and Social Assistance | 4 | 10.5% | |
| 5 | Retail Trade | 3 | 7.9% | |
| 6 | Agriculture, Forestry, Fishing and Hunting | 2 | 5.3% | |
| 7 | Real Estate and Rental and Leasing | 1 | 2.6% | |
| 8 | Other Services (except Public Administration) | 1 | 2.6% |
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* | 4 | $7.2M | $1.2M | 0 | — | 4 | 41 |
| FY2025 | 10 | $3.9M | $194K | 0 | — | 10 | 194 |
| FY2024 | 4 | $7.4M | $1.1M | 0 | — | 4 | 48 |
| FY2023 | 3 | $2.1M | $45K | 0 | — | 3 | 10 |
| FY2022 | 11 | $6.0M | $340K | 0 | — | 11 | 241 |
| FY2021 | 9 | $9.6M | $243K | 1 | — | 10 | 203 |
| FY2020 | 2 | — | — | 0 | — | 2 | 10 |
| FY2019 | 3 | $265K | $25K | 1 | — | 4 | 4 |
| FY2018 | 2 | — | — | 0 | — | 2 | 4 |
| FY2017 | 4 | $1.6M | $310K | 0 | — | 4 | 22 |
| FY2016 | 2 | — | — | 1 | — | 3 | 30 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 15 approvals.
Against Pennsylvania and the country
| FY2021–FY2025 | Somerset County | Pennsylvania | United States |
|---|---|---|---|
| Approvals | 38 | 11,283 | 342,825 |
| Approvals per 1,000 establishments | 23.1 | 36.7 | 41.0 |
| Median 7(a) approval | $250K | $150K | $190K |
| Median 504 approval | — | $607K | $657K |
| Average approval | $783K | $482K | $573K |
| 504 share of approvals | 2.6% | 6.5% | 11.0% |
| Jobs supported per approval, as reported | 18.3 | 10.3 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less13.2%5
- $50,001 to $150,00015.8%6
- $150,001 to $350,00026.3%10
- $350,001 to $1 million23.7%9
- $1 million to $2 million13.2%5
- Over $2 million7.9%3
Age of the businesses
- Existing, more than 2 years old55.3%21
- New business, 2 years or less10.5%4
- Startup, loan funds will open the business18.4%7
- Change of ownership15.8%6
Questions and answers
Which lenders make the most SBA loans in Somerset County?
By approvals in FY2021 to FY2025: First Commonwealth Bank (12), Northwest Bank (4), Manufacturers and Traders Trust Company (4), Live Oak Banking Company (3), Mid Penn Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Somerset County?
The median 7(a) approval was $250K; the Pennsylvania 7(a) median was $150K.
Which industries get the most SBA loans in Somerset County?
Residential Building Construction (8); Traveler Accommodation (4); Building Equipment Contractors (3); Nonresidential Building Construction (3); Beverage Manufacturing (2).
Is SBA lending in Somerset County rising?
Approvals in the three latest complete fiscal years total 17, against 23 in the three before: falling (-26%).
How does Somerset County compare with the rest of Pennsylvania?
23.1 approvals per 1,000 establishments against 36.7 statewide, and 38 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