SBA 7(a) lenders in Somerset, PA
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
23 institutions have SBA 7(a) loans on record in Somerset, together $55.5M across 84 loans. First Commonwealth Bank is the largest, with 21% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First Commonwealth Bank | 18 | $11.6M | 20.9% | 0.00% |
| 2 | Live Oak Banking Company | 5 | $10.8M | 19.5% | 0.00% |
| 3 | Somerset Trust Company | 15 | $9.5M | 17.1% | 1.65% |
| 4 | GBank | 2 | $7.1M | 12.7% | 0.00% |
| 5 | The Huntington National Bank | 4 | $3.5M | 6.2% | 0.00% |
| 6 | Mid Penn Bank | 3 | $2.9M | 5.2% | 0.00% |
| 7 | Northwest Bank | 4 | $2.5M | 4.4% | 0.00% |
| 8 | Unity Bank | 1 | $1.7M | 3.0% | 63.89% |
| 9 | Harvest Small Business Finance, LLC | 1 | $1.2M | 2.1% | 0.00% |
| 10 | InFirst Bank | 2 | $1.1M | 2.0% | 0.00% |
| 11 | Manufacturers and Traders Trust Company | 11 | $1.0M | 1.8% | 9.03% |
| 12 | First National Bank of Pennsylvania | 5 | $622K | 1.1% | 0.00% |
| 13 | PNC Bank, National Association | 3 | $423K | 0.8% | 0.00% |
| 14 | Citizens Bank, National Association | 1 | $350K | 0.6% | 0.00% |
| 15 | Enterprise Bank | 1 | $340K | 0.6% | 0.00% |
| 16 | Newtek Small Business Finance, Inc. | 1 | $235K | 0.4% | 0.00% |
| 17 | Lendistry SBLC, LLC | 1 | $185K | 0.3% | 0.00% |
| 18 | Newtek Bank, National Association | 1 | $150K | 0.3% | 0.00% |
| 19 | United Midwest Savings Bank National Association | 1 | $150K | 0.3% | 84.95% |
| 20 | Celtic Bank Corporation | 1 | $111K | 0.2% | 0.00% |
| 21 | Northeast Bank | 1 | $75K | 0.1% | 0.00% |
| 22 | Hanmi Bank | 1 | $50K | 0.1% | 0.00% |
| 23 | VelocitySBA, LLC | 1 | $5K | 0.0% | 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 | 16 | $13.1M | 23.5% |
| 2 | Construction | 22 | $11.3M | 20.4% |
| 3 | Health care & social assistance | 7 | $7.9M | 14.2% |
| 4 | Wholesale trade | 3 | $5.2M | 9.3% |
| 5 | Manufacturing | 2 | $4.3M | 7.7% |
| 6 | Real estate & leasing | 4 | $2.6M | 4.8% |
| 7 | Retail trade | 4 | $2.4M | 4.4% |
| 8 | Other services | 4 | $2.4M | 4.2% |
| 9 | Retail trade | 4 | $1.7M | 3.0% |
| 10 | Professional & technical services | 1 | $1.2M | 2.1% |
| 11 | Manufacturing | 3 | $1.1M | 2.0% |
| 12 | Manufacturing | 3 | $1.1M | 2.0% |
| 13 | Transportation & warehousing | 3 | $675K | 1.2% |
| 14 | Agriculture, forestry & fishing | 5 | $446K | 0.8% |
| 15 | Arts, entertainment & recreation | 2 | $150K | 0.3% |
| 16 | Administrative & waste services | 1 | $67K | 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.