SBA Lenders in Washington D.C.
4 active SBA lenders · 41 loans approved · $23.3M total volume
All SBA Lenders in Washington D.C.
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Industrial Bank | WASHINGTON | 26 | $18.3M | $705K | ⭐ |
| City First Bank, National Association | WASHINGTON | 9 | $2.1M | $235K | — |
| The National Capital Bank of Washington | WASHINGTON | 5 | $2.6M | $510K | — |
| Latino Economic Development Corp. | Washington | 1 | $250K | $250K | — |
Finding an SBA Lender in Washington D.C.
There are currently 4 SBA-approved lenders headquartered in Washington D.C., ranging from national banks to local community lenders. Together they have approved 41 SBA 7(a) loans totaling $23.3M since 2020.
Of these, 1 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Washington D.C.
How many SBA lenders are in Washington D.C.?
There are currently 4 SBA-approved lenders headquartered in Washington D.C.. Together they have approved 41 SBA 7(a) loans totaling $23.3M since 2020. Of these, 1 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Washington D.C.?
An SBA Preferred Lender (PLP) in Washington D.C. is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Washington D.C. currently has 1 Preferred Lenders.
How do I choose the best SBA lender in Washington D.C.?
When choosing an SBA lender in Washington D.C., consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 4 Washington D.C. lenders so you can compare objectively.
How long does SBA loan approval take in Washington D.C.?
With an SBA Preferred Lender in Washington D.C., approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.