SBA 7(a) lenders in Bedford, PA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
19 institutions have SBA 7(a) loans on record in Bedford, together $36.6M across 75 loans. Live Oak Banking Company is the largest, with 19% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 3 | $7.1M | 19.4% | 0.00% |
| 2 | Paradise Bank | 2 | $5.2M | 14.1% | 0.00% |
| 3 | The MINT National Bank | 4 | $3.8M | 10.2% | 0.00% |
| 4 | Manufacturers and Traders Trust Company | 30 | $3.6M | 10.0% | 0.00% |
| 5 | Lafayette Square SBLC, LLC | 1 | $3.1M | 8.5% | 0.00% |
| 6 | Somerset Trust Company | 2 | $2.8M | 7.6% | 0.00% |
| 7 | First Bank of the Lake | 1 | $2.7M | 7.3% | 0.00% |
| 8 | First Commonwealth Bank | 4 | $2.6M | 7.2% | 0.00% |
| 9 | Northeast Bank | 5 | $2.3M | 6.2% | 0.00% |
| 10 | Enterprise Bank | 3 | $1.3M | 3.6% | 0.00% |
| 11 | Newtek Bank, National Association | 2 | $600K | 1.6% | 0.00% |
| 12 | Altoona First Savings Bank | 6 | $435K | 1.2% | 0.00% |
| 13 | BayFirst National Bank | 2 | $300K | 0.8% | 0.00% |
| 14 | First National Bank of Pennsylvania | 3 | $254K | 0.7% | 63.61% |
| 15 | Northwest Bank | 2 | $195K | 0.5% | 0.00% |
| 16 | Dollar Bank, A Federal Savings Bank | 1 | $150K | 0.4% | 0.00% |
| 17 | Readycap Lending, LLC | 1 | $125K | 0.3% | 0.00% |
| 18 | Truist Bank | 2 | $75K | 0.2% | 0.00% |
| 19 | Mid Penn Bank | 1 | $50K | 0.1% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 12 | $10.7M | 31.5% |
| 2 | Manufacturing | 4 | $6.4M | 18.9% |
| 3 | Manufacturing | 1 | $5.0M | 14.8% |
| 4 | Retail trade | 16 | $5.0M | 14.6% |
| 5 | Construction | 7 | $2.6M | 7.6% |
| 6 | Health care & social assistance | 8 | $1.9M | 5.7% |
| 7 | Transportation & warehousing | 8 | $939K | 2.8% |
| 8 | Wholesale trade | 4 | $370K | 1.1% |
| 9 | Manufacturing | 3 | $323K | 1.0% |
| 10 | Other services | 2 | $240K | 0.7% |
| 11 | Retail trade | 2 | $170K | 0.5% |
| 12 | Real estate & leasing | 1 | $100K | 0.3% |
| 13 | Professional & technical services | 3 | $100K | 0.3% |
| 14 | Administrative & waste services | 1 | $70K | 0.2% |
| 15 | Agriculture, forestry & fishing | 1 | $25K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.