SBAlenders.com’s Biggest Movers and Shakers of 2024: Top Lenders Making Waves in Small Business Financing
SBAlenders.com
Movers and Shakers Report Image
Leading the charge is Truliant Federal Credit Union, which skyrocketed 121 spots to become the highest-ranked credit union SBA lender in the nation. Following closely behind is Northeast Bank, advancing 88 positions, largely due to its strategic partnership with NEWITY, which specializes in small-dollar SBA 7(a) loans. Lendistry SBLC, Mission Valley Bank, and T Bank round out the top five, each leveraging unique strategies to expand their SBA loan portfolios and improve access to capital for small businesses.
“The growth of these lenders is not just about numbers–it’s about their impact on the small business community,” said Darren King, Founder. “By expanding their SBA lending programs, introducing new partnerships, and utilizing technology to streamline loan approvals, these institutions are playing a crucial role in helping businesses succeed.”
SBAlenders.com’s Movers and Shakers Report highlights the top 20 SBA lenders that have experienced the most significant movement in our annual rankings, along with key loan data and industry focus. It explores which banks and financial institutions are gaining traction, the strategies they use to increase lending volume, and how the competitive landscape is evolving.
1) Truliant FCU
Rank Change: +121
Total SBA Loan Volume: $96,737,400
Number of Loans: 60
Average Loan Amount: $1,612,290
Average Interest Rate: 11.1%
2) Northeast Bank
Rank Change: +88
Total SBA Loan Volume: $249,282,800
Number of Loans: 2,071
Average Loan Amount: $120,368
Average Interest Rate: 11.1%
3) Lendistry SBLC
Rank Change: +67
Total SBA Loan Volume: $214,499,900
Number of Loans: 1,173
Average Loan Amount: $182,864
Average Interest Rate: 12.6%
4) Mission Valley Bank
Rank Change: +37
Total SBA Loan Volume: $93,197,000
Number of Loans: 50
Average Loan Amount: $1,863,940
Average Interest Rate: 10.5%
5) T Bank
Rank Change: +33
Total SBA Loan Volume: $131,592,200
Number of Loans: 82
Average Loan Amount: $1,604,783
Each of these institutions has taken a unique approach to SBA lending:
* Truliant Federal Credit Union expanded its SBA lending team and established itself as a leader among credit unions.
* Northeast Bank’s collaboration with NEWITY enabled the bank to become a top lender in small-dollar SBA 7(a) loans.
* Lendistry SBLC leveraged partnerships, including a $20 million line of credit from KeyBank’s CDFI Group, to enhance lending capacity.
* Mission Valley Bank launched a dedicated SBA lending division, “Mission SBA,” to drive growth.
* T Bank strategically increased its SBA loan volume by expanding services to small businesses in high-demand industries.
As the demand for small business financing continues to grow, these lenders have positioned themselves as key players in providing accessible and flexible SBA-backed funding solutions. Their rapid ascent in the rankings reflects the increasing role of innovative lending strategies in today’s economic climate.
For more information on the Movers and Shakers or top SBA lenders of 2025 and their impact on small business financing, visit www.sbalenders.com.
Darren King
SbaLenders.com
502-509-6204
email us here
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