SBA Ledger

States › Pennsylvania › FY2021

FY20211 Oct 2020 – 30 Sep 2021

SBA loans in Pennsylvania, FY2021

That fiscal year's approvals by lender and by county.

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.

In FY2021 (1 October 2020 to 30 September 2021) SBA approved 1,807 loans in Pennsylvania: 1,620 under 7(a) and 187 under 504, worth $1.14bn.

That is up 29% on FY2020, when there were 1,403 approvals worth $695M.

Pennsylvania accounted for 2.9% of the 61,532 approvals nationwide that year. 139 lenders had at least one approval in the state; The Huntington National Bank had the most, 230.

1,807approvalsFY2020: 1,403
$1.14bndollars approvedFY2020: $695M
$252Kmedian 7(a) approvalFY2020: $158K
139lenders with an approval
20,064jobs supported, as reported

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.

Approvals by lender

The 40 lenders with the most approvals to Pennsylvania businesses in FY2021, of 139 active.

#LenderProgramApprovalsDollarsShare of stateFY2020Change
1The Huntington National Bank7(a)230$50.1M12.7%174+56
2Manufacturers and Traders Trust Company7(a)137$27.4M7.6%129+8
3KeyBank National Association7(a)80$21.4M4.4%30+50
4TD Bank, National Association7(a)80$13.6M4.4%90-10
5Meridian Bank7(a)79$84.1M4.4%37+42
6Wilmington Savings Fund Society FSB7(a)79$65.5M4.4%36+43
7First Commonwealth Bank7(a)66$55.9M3.7%57+9
8Empire State Certified Development Corporation50454$43.9M3.0%40+14
9Northwest Bank7(a)53$15.1M2.9%46+7
10Live Oak Banking Company7(a)44$54.6M2.4%38+6
11South Eastern Economic Development Company of Pennsylvania50444$38.9M2.4%28+16
12First National Bank of Pennsylvania7(a)44$30.9M2.4%26+18
13Beacon Bank and Trust7(a)43$35.2M2.4%34+9
14Mid Penn Bank7(a)41$25.0M2.3%26+15
15Newtek Small Business Finance, Inc.7(a)34$27.5M1.9%15+19
16Firstrust Savings Bank7(a)33$27.9M1.8%19+14
17Wells Fargo Bank National Association7(a)32$5.2M1.8%28+4
18Univest Bank and Trust Co7(a)31$34.4M1.7%7+24
19PNC Bank, National Association7(a)31$9.8M1.7%39-8
20Fulton Bank, National Association7(a)29$21.1M1.6%60-31
21United Midwest Savings Bank National Association7(a)29$4.8M1.6%20+9
22Enterprise Bank7(a)27$21.1M1.5%8+19
23Regional Development Funding Corporation50426$17.1M1.4%21+5
24Fidelity Deposit and Discount Bank7(a)26$9.9M1.4%9+17
25PS Bank7(a)20$7.8M1.1%12+8
26EDC Finance Corporation50419$27.6M1.1%6+13
27NEPA Alliance Business Finance Corporation50418$6.4M1.0%12+6
28Orrstown Bank7(a)15$10.4M0.8%5+10
29Celtic Bank Corporation7(a)14$20.0M0.8%8+6
30Citizens Bank, National Association7(a)13$11.2M0.7%130
31Quaint Oak Bank7(a)13$7.1M0.7%9+4
32Customers Bank7(a)11$9.5M0.6%21-10
33Citizens & Northern Bank7(a)11$4.7M0.6%4+7
34SEDA-COG Local Development Corporation50410$7.4M0.6%4+6
35Community First Capital Corp7(a)10$2.2M0.6%15-5
36Trenton Business Assistance Corporation5049$11.5M0.5%5+4
37Truist Bank7(a)9$10.1M0.5%5+4
38InFirst Bank7(a)9$3.0M0.5%5+4
39Peapack Private Bank and Trust7(a)8$21.1M0.4%2+6
40Peoples Security Bank and Trust Company7(a)8$13.3M0.4%80

Approvals by county

#CountyApprovalsDollarsShare of stateFY2020Change
1Allegheny County242$124M13.4%195+47
2Montgomery County180$147M10.0%119+61
3Philadelphia County165$84.6M9.1%106+59
4Bucks County151$108M8.4%109+42
5Chester County90$72.6M5.0%96-6
6Delaware County80$48.1M4.4%63+17
7Lancaster County79$67.8M4.4%66+13
8Westmoreland County57$37.0M3.2%34+23
9York County55$36.9M3.0%50+5
10Lehigh County55$30.3M3.0%25+30
11Berks County48$42.1M2.7%59-11
12Lackawanna County46$22.9M2.5%37+9
13Washington County41$21.4M2.3%32+9
14Beaver County40$20.7M2.2%14+26
15Cumberland County39$20.7M2.2%24+15
16Luzerne County37$19.4M2.0%26+11
17Dauphin County37$25.0M2.0%27+10
18Northampton County37$20.4M2.0%29+8
19Butler County37$17.8M2.0%36+1
20Erie County31$15.7M1.7%33-2
21Mercer County23$8.1M1.3%18+5
22Lawrence County19$5.6M1.1%26-7
23Blair County16$7.2M0.9%4+12
24Monroe County14$22.1M0.8%5+9
25Adams County14$10.6M0.8%10+4
26Centre County13$5.8M0.7%12+1
27Lycoming County11$9.8M0.6%3+8
28Schuylkill County11$6.5M0.6%8+3
29Bradford County10$3.6M0.6%5+5
30Northumberland County10$7.4M0.6%11-1
31Somerset County10$10.4M0.6%2+8
32Wyoming County9$2.0M0.5%7+2
33Crawford County7$394K0.4%4+3
34Wayne County7$1.7M0.4%8-1
35Clearfield County7$9.2M0.4%1+6
36Franklin County6$6.5M0.3%60
37Carbon County6$2.4M0.3%3+3
38Columbia County6$945K0.3%2+4
39Jefferson County6$5.2M0.3%60
40Union County5$488K0.3%4+1

The 40 counties with the most approvals; every county is on the Pennsylvania page.

FY2021 against FY2020

PennsylvaniaFY2021FY2020
7(a) approvals1,6201,276
7(a) dollars$978M$587M
Median 7(a) approval$252K$158K
504 approvals187127
504 dollars$158M$108M
Jobs supported, as reported20,06414,040

Questions and answers

Which lenders made the most SBA loans in Pennsylvania in FY2021?

The Huntington National Bank (230), Manufacturers and Traders Trust Company (137), KeyBank National Association (80), TD Bank, National Association (80), Meridian Bank (79). 139 lenders had at least one approval.

How many SBA loans were approved in Pennsylvania in FY2021?

1,807: 1,620 under 7(a) worth $978M and 187 under 504 worth $158M.

Which Pennsylvania counties had the most SBA approvals in FY2021?

Allegheny County (242), Montgomery County (180), Philadelphia County (165), Bucks County (151), Chester County (90).

When does FY2021 start and end?

The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.

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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error