Access the Top SBA Lending for Pennsylvania Small Business
Pennsylvania State stands out with its background and varied economic landscape providing fertile ground, for small business achievement. From the streets of Philadelphia, to the scenery of the Pocono Mountains entrepreneurs have plenty of options for growth and success. Thanks to premier SBA lending programs small businesses in Pennsylvania can access support to fuel their development and creativity.
Pennsylvania
The Keystone State
1,100,000 small businesses
2,600,000 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of Pennsylvania
Between March 2021 and March 2022, 41,944 Pennsylvania establishments opened and 27,190 closed, for a net increase of 14,754. Employment expanded at 94,653 establishments and contracted at 68,988. Small businesses accounted for 40,269 openings and 25,682 closings.
Establishments in Pennsylvania
Employment in Pennsylvania
Between March 2021 and March 2022, 41,944 Pennsylvania establishments opened and 27,190 closed, for a net increase of 14,754. Employment expanded at 94,653 establishments and contracted at 68,988. Small businesses accounted for 40,269 openings and 25,682 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in Pennsylvania
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $4.1 billion in loans to Pennsylvania businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $4.4 billion. Total reported new lending to businesses through loans of $1 million or less was $13.7 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of Pennsylvania's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in Pennsylvania
Business Count by Demographic in Pennsylvania
Total Pennsylvania Employement by Business Size
Small Business Employment and Payroll by Industry in Pennsylvania
Source: Business Employment Dynamics (BLS)