U.S. Bank continues strong growth in SBA lending, helping businesses thrive

The bank is among the top Small Business Administration lenders in more than 20 states across the country

U.S. Bank continued to record strong growth in U.S. Small Business Administration (SBA) lending in fiscal year 2025, as the bank supported thousands of business clients as they bought new equipment, purchased property, acquired new businesses and took other steps to grow and thrive.

In the fiscal year that ended Sept. 30, the Minneapolis-based bank totaled $871.2 million in Small Business Administration 7(a) loans, up 23 percent from fiscal 2024, and the sixth most among all lenders, according to SBA statistics. The bank totaled 3,453 7(a) loans during the 12-month period, No. 4 overall.

The 7(a) program is the SBA’s signature business loan program. The loans can be used for purposes that include acquiring or improving real estate and buildings, working capital, purchasing equipment and ownership changes.

“At U.S. Bank, we are proud to support the small businesses that form the backbone of the economy,” said Erik Daniels, head of SBA lending at U.S. Bank. “We know access to capital is a key concern for growing businesses and the SBA program has long been a critical way for banks like U.S. Bank to provide the capital they need to grow, gain new clients and hire more workers.”

U.S. Bank increased its SBA lending in many of the states that it serves, including in its home state of Minnesota, where it was No. 1 in number of loans and dollars loaned.

U.S. Bank was also No. 1 in loans made in six other states (Iowa, Missouri, Nevada, New Mexico, North Dakota and Wisconsin) and No. 1 in dollars loaned in Oregon. It was a top three lender in 21 of the 26 states where it has branches. 

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