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A fourth consecutive year of growth puts the bank among the nation's top SBA lenders.

U.S. Bank increased SBA 7(a) lending to a record $943 million in fiscal year 2026, marking its fourth consecutive year of growth and reinforcing its position as one of the nation's leading SBA lenders.

Total loan volume at U.S. Bank increased by 8.2 percent from the previous year, according to SBA data. The Minneapolis-based bank ranked No. 4 nationally in the program in both total loans and dollar volume in the fiscal year ended Sept. 30, 2026.

“We are proud to be one of the nation's top SBA lenders because access to capital remains one of the most important drivers of small business growth," said Erik Daniels, head of SBA lending at U.S. Bank. "Whether a business owner is purchasing a building, acquiring a company, buying equipment, or supporting working capital needs, SBA financing helps businesses invest in their futures, create jobs, and strengthen local economies.”

Where U.S. Bank ranks among SBA 7(a) lenders by state

U.S. Bank ranked among the top three lenders by loan count or dollars (or both) in 23 states, demonstrating the broad impact of its lending across the 26 states where it operates branches.

Fiscal year 2026 highlights include:

• No. 1 in both loans and dollars in California and Minnesota
• No. 1 in loans in Colorado, Iowa, Kentucky, Missouri, North Dakota, New Mexico and Wisconsin
• No. 1 in dollar volume in Oregon, Washington and Wyoming

In recent years, U.S. Bank has expanded its SBA lending platform beyond its traditional branch footprint by adding dedicated SBA business development officers in Florida, Georgia, and Texas, allowing the bank to serve more business owners nationwide while continuing to deepen support across its core markets.

The 7(a) program is the SBA's signature business loan program. Business owners can use these loans to acquire or improve real estate and buildings, fund working capital, purchase equipment and finance ownership changes.

Details about SBA lending at U.S. Bank are available at the bank's SBA lending page.

Frequently asked questions

What is the SBA 7(a) loan program?

The 7(a) program is the Small Business Administration's primary business loan program. It's designed to help small business owners secure financing for a range of needs, including real estate, equipment, working capital and ownership changes.

How does an SBA loan differ from a conventional business loan?

SBA loans are partially guaranteed by the federal government, which can make them more accessible to small businesses that might not qualify for conventional financing on their own. This guarantee can also translate into more flexible terms for borrowers.

Which states does U.S. Bank serve for SBA lending?

U.S. Bank has branches in 26 states and, through added business development officers, also supports SBA lending in Florida, Georgia, and Texas.