Los Angeles, California Mar 3, 2025 – The SBA lending sector is undergoing significant changes this year, with several financial institutions climbing the national ranks, underscoring their dedication to supporting small business expansion. A new analysis spotlights the top five “Movers and Shakers” in SBA lending for 2024–lenders that have risen the most in the rankings based on their SBA loan activity compared to the previous year.
Leading the way is Truliant Federal Credit Union, which jumped 121 places to become the highest-ranking credit union in the nation for SBA lending. Following closely is Northeast Bank, which moved up 88 positions, largely due to its strategic alliance with NEWITY, a specialist in smaller SBA 7(a) loans. Completing the top five are Lendistry SBLC, Mission Valley Bank, and T Bank, each employing distinct strategies to grow their SBA loan portfolios and improve access to funding for small businesses.
“The success of these lenders is not just about figures, but also about their influence on the small business world,” said Darren King, Founder. “Through the expansion of their SBA lending programs, the establishment of new partnerships, and the use of technology to expedite loan approvals, these institutions are playing a vital role in fostering business success.”
highlights the top 20 SBA lenders with the most notable upward movement in our yearly rankings, alongside crucial loan data and industry insights. It examines which banks and financial institutions are gaining momentum, the methods they are using to boost lending volume, and how the competitive environment is changing.
1) Truliant FCU
- Rank Change: +121
- Total SBA Loan Volume: $96,737,400
- Number of Loans: 60
- Average Loan Amount: $1,612,290
- Average Interest Rate: 11.1%
2) Northeast Bank
- Rank Change: +88
- Total SBA Loan Volume: $249,282,800
- Number of Loans: 2,071
- Average Loan Amount: $120,368
- Average Interest Rate: 11.1%
3) Lendistry SBLC
- Rank Change: +67
- Total SBA Loan Volume: $214,499,900
- Number of Loans: 1,173
- Average Loan Amount: $182,864
- Average Interest Rate: 12.6%
4) Mission Valley Bank
- Rank Change: +37
- Total SBA Loan Volume: $93,197,000
- Number of Loans: 50
- Average Loan Amount: $1,863,940
- Average Interest Rate: 10.5%
5) T Bank
- Rank Change: +33
- Total SBA Loan Volume: $131,592,200
- Number of Loans: 82
- Average Loan Amount: $1,604,783
Each of these institutions has adopted a distinctive strategy for SBA lending:
- Truliant Federal Credit Union grew its SBA lending team and solidified its position as a leading credit union in the field.
- Northeast Bank’s partnership with NEWITY has allowed it to become a leading lender in the area of smaller SBA 7(a) loans.
- Lendistry SBLC has utilized partnerships, including a $20 million line of credit from KeyBank’s CDFI Group, to increase its lending capacity.
- Mission Valley Bank established a dedicated SBA lending division called “Mission SBA” to stimulate growth.
- T Bank has strategically increased its SBA loan volume by extending its services to small businesses operating in industries where demand is high.
As the need for small business financing continues to rise, these lenders have established themselves as crucial providers of accessible and adaptable SBA-backed funding options. Their rapid rise in the rankings demonstrates the growing significance of innovative lending approaches in today’s economy.
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