Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for Pennsylvania.
In 2022 there were 130 SBA lenders that approved 1,862 SBA 7(a) loans for projects in Pennsylvania totaling $909,838,000. The average loan amount was $488,635. Borrowers from 500 cities were approved for projects in Pennsylvania for 380 industries. The SBA loan approvals in 2022 represent 19,455 jobs supported or saved in Pennsylvania.
There were 130 franchise branded businesses receiving 222 loan approvals for $154,394,700 with an average loan amount of $695,472.
Our forecast model projects $922 million in total Pennsylvania SBA 7(a) loan approval amounts in 2023 with $164 million to franchise businesses.
Pennsylvania Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
Pennsylvania Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
