SBA Ledger

States › Pennsylvania › FY2023

FY20231 Oct 2022 – 30 Sep 2023

SBA loans in Pennsylvania, FY2023

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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 2,162 loans in Pennsylvania: 2,034 under 7(a) and 128 under 504, worth $910M.

That is up 11% on FY2022, when there were 1,941 approvals worth $1.03bn.

Pennsylvania accounted for 3.4% of the 63,286 approvals nationwide that year. 130 lenders had at least one approval in the state; The Huntington National Bank had the most, 348.

2,162approvalsFY2022: 1,941
$910Mdollars approvedFY2022: $1.03bn
$100Kmedian 7(a) approvalFY2022: $150K
130lenders with an approval
23,298jobs 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 FY2023, of 130 active.

#LenderProgramApprovalsDollarsShare of stateFY2022Change
1The Huntington National Bank7(a)348$70.2M16.1%308+40
2TD Bank, National Association7(a)304$30.6M14.1%161+143
3Manufacturers and Traders Trust Company7(a)175$20.4M8.1%140+35
4PNC Bank, National Association7(a)84$26.8M3.9%69+15
5BayFirst National Bank7(a)77$11.1M3.6%27+50
6Northwest Bank7(a)74$15.0M3.4%40+34
7Meridian Bank7(a)71$54.6M3.3%68+3
8KeyBank National Association7(a)68$7.2M3.1%78-10
9First Commonwealth Bank7(a)56$25.7M2.6%84-28
10Fulton Bank, National Association7(a)49$56.7M2.3%21+28
11Wells Fargo Bank National Association7(a)47$2.1M2.2%45+2
12Wilmington Savings Fund Society FSB7(a)45$42.4M2.1%50-5
13Newtek Bank, National Association7(a)38$17.3M1.8%0new
14Empire State Certified Development Corporation50435$56.3M1.6%62-27
15PS Bank7(a)29$2.9M1.3%17+12
16Beacon Bank and Trust7(a)28$23.5M1.3%280
17South Eastern Economic Development Company of Pennsylvania50428$21.4M1.3%46-18
18Newtek Small Business Finance, Inc.7(a)28$15.5M1.3%65-37
19First National Bank of Pennsylvania7(a)26$21.6M1.2%22+4
20Live Oak Banking Company7(a)25$38.5M1.2%30-5
21Mid Penn Bank7(a)25$18.5M1.2%37-12
22Univest Bank and Trust Co7(a)25$15.7M1.2%21+4
23NEPA Alliance Business Finance Corporation50421$18.3M1.0%24-3
24Regional Development Funding Corporation50420$16.2M0.9%30-10
25Readycap Lending, LLC7(a)17$7.2M0.8%18-1
26Enterprise Bank7(a)16$7.6M0.7%19-3
27First Bank of the Lake7(a)15$8.3M0.7%5+10
28Northeast Bank7(a)15$988K0.7%3+12
29Citizens Bank, National Association7(a)14$8.7M0.6%12+2
30United Midwest Savings Bank National Association7(a)14$3.4M0.6%12+2
31Santander Bank, National Association7(a)14$1.2M0.6%7+7
32InFirst Bank7(a)14$938K0.6%12+2
33Firstrust Savings Bank7(a)13$14.7M0.6%23-10
34Orrstown Bank7(a)12$6.1M0.6%22-10
35Penn Community Bank7(a)12$4.5M0.6%2+10
36Celtic Bank Corporation7(a)11$10.4M0.5%10+1
37Quaint Oak Bank7(a)11$9.0M0.5%18-7
38Truist Bank7(a)10$16.6M0.5%4+6
39Woori America Bank7(a)9$6.5M0.4%6+3
40JPMorgan Chase Bank, National Association7(a)9$1.5M0.4%3+6

Approvals by county

#CountyApprovalsDollarsShare of stateFY2022Change
1Allegheny County267$93.1M12.3%255+12
2Philadelphia County253$81.4M11.7%223+30
3Montgomery County242$123M11.2%166+76
4Bucks County149$59.4M6.9%135+14
5Delaware County119$53.4M5.5%103+16
6Chester County105$54.6M4.9%94+11
7York County72$21.7M3.3%57+15
8Butler County64$22.1M3.0%51+13
9Lancaster County60$35.5M2.8%61-1
10Berks County57$27.1M2.6%49+8
11Washington County55$16.9M2.5%48+7
12Northampton County54$35.0M2.5%36+18
13Lackawanna County51$12.6M2.4%41+10
14Lehigh County47$32.6M2.2%60-13
15Westmoreland County46$24.8M2.1%61-15
16Erie County46$11.2M2.1%32+14
17Beaver County44$8.8M2.0%50-6
18Luzerne County35$16.3M1.6%45-10
19Cumberland County33$12.2M1.5%32+1
20Dauphin County31$33.6M1.4%46-15
21Lawrence County27$4.5M1.2%17+10
22Fayette County17$4.8M0.8%9+8
23Monroe County17$2.4M0.8%27-10
24Centre County15$4.3M0.7%14+1
25Mercer County15$3.3M0.7%22-7
26Blair County15$9.1M0.7%8+7
27Schuylkill County15$4.9M0.7%7+8
28Wayne County13$9.2M0.6%6+7
29Adams County13$2.2M0.6%18-5
30Lebanon County13$8.1M0.6%8+5
31Lycoming County11$2.3M0.5%12-1
32Clearfield County11$3.2M0.5%6+5
33Indiana County11$8.9M0.5%8+3
34Carbon County9$2.3M0.4%10-1
35Franklin County8$3.4M0.4%16-8
36Crawford County8$1.0M0.4%80
37Bradford County8$2.1M0.4%4+4
38Tioga County8$4.2M0.4%0new
39Northumberland County8$7.2M0.4%0new
40Jefferson County8$6.8M0.4%10-2

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

FY2023 against FY2022

PennsylvaniaFY2023FY2022
7(a) approvals2,0341,740
7(a) dollars$766M$835M
Median 7(a) approval$100K$150K
504 approvals128201
504 dollars$144M$196M
Jobs supported, as reported23,29820,360

Questions and answers

Which lenders made the most SBA loans in Pennsylvania in FY2023?

The Huntington National Bank (348), TD Bank, National Association (304), Manufacturers and Traders Trust Company (175), PNC Bank, National Association (84), BayFirst National Bank (77). 130 lenders had at least one approval.

How many SBA loans were approved in Pennsylvania in FY2023?

2,162: 2,034 under 7(a) worth $766M and 128 under 504 worth $144M.

Which Pennsylvania counties had the most SBA approvals in FY2023?

Allegheny County (267), Philadelphia County (253), Montgomery County (242), Bucks County (149), Delaware County (119).

When does FY2023 start and end?

The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.

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