Lending data
Who lends to professional services firms, state by state
21,128 SBA 7(a) loans to professional services firms across 51 states, with the most active lender and the median loan in each.
21,128 SBA 7(a) loans went to professional services firms across 51 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| California | 3,037 | $150,000 | 17% | U.S. Bank |
| Florida | 2,021 | $150,000 | 20% | TD Bank |
| New York | 1,815 | $110,000 | 18% | TD Bank |
| Texas | 1,574 | $200,000 | 22% | Newtek Bank |
| New Jersey | 820 | $109,550 | 22% | TD Bank |
| Ohio | 796 | $103,500 | 23% | The Huntington National Bank |
| Massachusetts | 658 | $100,000 | 19% | Eastern Bank |
| Illinois | 646 | $150,000 | 19% | The Huntington National Bank |
| Colorado | 634 | $200,000 | 24% | The Huntington National Bank |
| Pennsylvania | 615 | $150,000 | 25% | TD Bank |
| Georgia | 598 | $197,500 | 21% | Readycap Lending, LLC |
| Michigan | 596 | $150,000 | 18% | The Huntington National Bank |
| Virginia | 566 | $180,000 | 21% | Manufacturers and Traders Trust Company |
| Maryland | 521 | $125,000 | 28% | Manufacturers and Traders Trust Company |
| Washington | 504 | $133,250 | 22% | Columbia Bank |
| North Carolina | 485 | $200,000 | 21% | Live Oak Banking Company |
| Arizona | 465 | $181,800 | 22% | JPMorgan Chase Bank |
| Minnesota | 455 | $122,200 | 26% | U.S. Bank |
| Utah | 347 | $150,000 | 25% | Mountain America FCU |
| Indiana | 325 | $150,000 | 20% | The Huntington National Bank |
| Oregon | 294 | $141,500 | 17% | Columbia Bank |
| Missouri | 262 | $179,000 | 18% | U.S. Bank |
| Nevada | 251 | $124,000 | 26% | U.S. Bank |
| Wisconsin | 249 | $150,000 | 28% | U.S. Bank |
| Tennessee | 237 | $191,000 | 25% | U.S. Bank |
| Connecticut | 233 | $130,000 | 22% | Manufacturers and Traders Trust Company |
| South Carolina | 213 | $150,000 | 24% | TD Bank |
| Idaho | 158 | $125,000 | 23% | Zions Bank |
| Louisiana | 143 | $192,500 | 22% | Newtek Bank |
| New Hampshire | 138 | $81,000 | 31% | TD Bank |
| Kansas | 131 | $150,000 | 24% | U.S. Bank |
| Kentucky | 125 | $150,000 | 25% | U.S. Bank |
| Alabama | 118 | $154,050 | 27% | The Huntington National Bank |
| Oklahoma | 106 | $179,250 | 28% | BancFirst |
| District of Columbia | 94 | $150,000 | 17% | Manufacturers and Traders Trust Company |
| Delaware | 88 | $150,000 | 34% | Manufacturers and Traders Trust Company |
| Maine | 83 | $100,000 | 29% | TD Bank |
| Iowa | 79 | $150,000 | 27% | U.S. Bank |
| Arkansas | 78 | $139,400 | 27% | Readycap Lending, LLC |
| Nebraska | 78 | $150,000 | 35% | Union Bank and Trust Company |
| New Mexico | 75 | $242,700 | 24% | U.S. Bank |
| Rhode Island | 72 | $95,000 | 12% | Beacon Bank and Trust |
| Montana | 59 | $150,000 | 42% | Wells Fargo Bank |
| Mississippi | 46 | $142,500 | 22% | Community Bank of Mississippi |
| Vermont | 43 | $84,900 | 28% | TD Bank |
| Wyoming | 41 | $200,000 | 22% | Northeast Bank |
| West Virginia | 39 | $125,000 | 26% | The Huntington National Bank |
| Hawaii | 35 | $50,000 | 23% | Central Pacific Bank |
| Alaska | 33 | $345,000 | 39% | Wells Fargo Bank |
| North Dakota | 27 | $200,000 | 22% | Choice Financial Group |
| South Dakota | 22 | $137,500 | 46% | Black Hills FCU |
What 7(a) lending to professional services firms looks like nationally
| Measure | Professional and technical services | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 21,337 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $354,750 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.50% | 10.25% |
| Share to startups | 21.2% | 33.6% |
| Charge-off rate, FY2010-19 | 6.4% | 7.1% |
| Jobs supported | 166,488 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- This is a hard market for new businesses. Only 21% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
How financing works in this sector
The numbers above say who lends and on what terms. For what actually changes about financing professional services firms — which products fit the working capital cycle, which metrics underwriters focus on, and which questions get asked — see our professional and technical services financing guide.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.