SBA Ledger

States › Pennsylvania › FY2024

FY20241 Oct 2023 – 30 Sep 2024

SBA loans in Pennsylvania, FY2024

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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 2,542 loans in Pennsylvania: 2,452 under 7(a) and 90 under 504, worth $1.01bn.

That is up 18% on FY2023, when there were 2,162 approvals worth $910M.

Pennsylvania accounted for 3.3% of the 76,235 approvals nationwide that year. 141 lenders had at least one approval in the state; The Huntington National Bank had the most, 396.

2,542approvalsFY2023: 2,162
$1.01bndollars approvedFY2023: $910M
$119Kmedian 7(a) approvalFY2023: $100K
141lenders with an approval
23,154jobs 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 FY2024, of 141 active.

#LenderProgramApprovalsDollarsShare of stateFY2023Change
1The Huntington National Bank7(a)396$66.4M15.6%348+48
2TD Bank, National Association7(a)297$44.4M11.7%304-7
3Manufacturers and Traders Trust Company7(a)218$25.1M8.6%175+43
4Newtek Bank, National Association7(a)118$73.7M4.6%38+80
5Northwest Bank7(a)106$28.3M4.2%74+32
6BayFirst National Bank7(a)97$15.1M3.8%77+20
7PNC Bank, National Association7(a)79$10.6M3.1%84-5
8Readycap Lending, LLC7(a)73$11.2M2.9%17+56
9Northeast Bank7(a)70$6.7M2.8%15+55
10First Commonwealth Bank7(a)66$43.3M2.6%56+10
11Wells Fargo Bank National Association7(a)61$11.1M2.4%47+14
12KeyBank National Association7(a)53$6.5M2.1%68-15
13Meridian Bank7(a)52$40.8M2.0%71-19
14Wilmington Savings Fund Society FSB7(a)44$32.9M1.7%45-1
15Live Oak Banking Company7(a)43$57.0M1.7%25+18
16Univest Bank and Trust Co7(a)36$22.1M1.4%25+11
17Beacon Bank and Trust7(a)34$31.4M1.3%28+6
18Empire State Certified Development Corporation50431$32.4M1.2%35-4
19Mid Penn Bank7(a)28$11.1M1.1%25+3
20PS Bank7(a)27$2.9M1.1%29-2
21Fulton Bank, National Association7(a)26$23.5M1.0%49-23
22United Midwest Savings Bank National Association7(a)24$11.7M0.9%14+10
23NEPA Alliance Business Finance Corporation7(a)23$4.0M0.9%9+14
24NEPA Alliance Business Finance Corporation50421$13.7M0.8%210
25Celtic Bank Corporation7(a)21$7.4M0.8%11+10
26Firstrust Savings Bank7(a)19$24.3M0.7%13+6
27South Eastern Economic Development Company of Pennsylvania50419$18.0M0.7%28-9
28First National Bank of Pennsylvania7(a)18$21.1M0.7%26-8
29First Bank of the Lake7(a)18$15.7M0.7%15+3
30Bank of America, National Association7(a)18$15.3M0.7%7+11
31Community First Capital Corp7(a)17$2.7M0.7%5+12
32Woori America Bank7(a)14$12.6M0.6%9+5
33JPMorgan Chase Bank, National Association7(a)14$2.4M0.6%9+5
34Hanover Community Bank7(a)12$12.7M0.5%2+10
35Enterprise Bank7(a)12$8.7M0.5%16-4
36Fidelity Deposit and Discount Bank7(a)12$4.4M0.5%2+10
37Lendistry SBLC, LLC7(a)12$3.9M0.5%2+10
38Regional Development Funding Corporation50411$5.4M0.4%20-9
39Colony Bank7(a)11$1.4M0.4%4+7
40Peoples Security Bank and Trust Company7(a)9$3.2M0.4%8+1

Approvals by county

#CountyApprovalsDollarsShare of stateFY2023Change
1Allegheny County350$142M13.8%267+83
2Philadelphia County284$129M11.2%253+31
3Montgomery County253$122M10.0%242+11
4Bucks County164$80.5M6.5%149+15
5Delaware County153$79.6M6.0%119+34
6Chester County116$53.8M4.6%105+11
7Lancaster County87$32.6M3.4%60+27
8York County75$20.3M3.0%72+3
9Lehigh County73$24.1M2.9%47+26
10Butler County72$30.7M2.8%64+8
11Berks County70$28.1M2.8%57+13
12Lackawanna County65$18.0M2.6%51+14
13Westmoreland County62$20.9M2.4%46+16
14Washington County57$16.8M2.2%55+2
15Beaver County57$15.1M2.2%44+13
16Luzerne County54$19.5M2.1%35+19
17Northampton County48$13.9M1.9%54-6
18Cumberland County46$24.8M1.8%33+13
19Dauphin County42$20.9M1.7%31+11
20Erie County41$14.5M1.6%46-5
21Lawrence County28$4.4M1.1%27+1
22Centre County26$8.9M1.0%15+11
23Mercer County26$4.4M1.0%15+11
24Monroe County24$5.2M0.9%17+7
25Lebanon County17$3.4M0.7%13+4
26Schuylkill County16$5.7M0.6%15+1
27Columbia County14$1.1M0.6%5+9
28Blair County13$6.6M0.5%15-2
29Wayne County12$4.8M0.5%13-1
30Crawford County11$5.0M0.4%8+3
31Lycoming County11$1.3M0.4%110
32Adams County11$2.5M0.4%13-2
33Northumberland County11$6.4M0.4%8+3
34Pike County10$1.3M0.4%7+3
35Fayette County9$2.1M0.4%17-8
36McKean County9$3.3M0.4%2+7
37Franklin County8$945K0.3%80
38Wyoming County8$1.8M0.3%7+1
39Carbon County8$1.9M0.3%9-1
40Armstrong County7$1.5M0.3%4+3

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

FY2024 against FY2023

PennsylvaniaFY2024FY2023
7(a) approvals2,4522,034
7(a) dollars$932M$766M
Median 7(a) approval$119K$100K
504 approvals90128
504 dollars$78.5M$144M
Jobs supported, as reported23,15423,298

Questions and answers

Which lenders made the most SBA loans in Pennsylvania in FY2024?

The Huntington National Bank (396), TD Bank, National Association (297), Manufacturers and Traders Trust Company (218), Newtek Bank, National Association (118), Northwest Bank (106). 141 lenders had at least one approval.

How many SBA loans were approved in Pennsylvania in FY2024?

2,542: 2,452 under 7(a) worth $932M and 90 under 504 worth $78.5M.

Which Pennsylvania counties had the most SBA approvals in FY2024?

Allegheny County (350), Philadelphia County (284), Montgomery County (253), Bucks County (164), Delaware County (153).

When does FY2024 start and end?

The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.

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