Summit State Bank approved 103 SBA loans worth $177.6M between October 2021 and June 2026, ranking #347 of 2,283 SBA lenders nationally by loan count. Its median loan was $1,190,000, and 35% went to startups or businesses under two years old. It lent in 12 states, most often in California, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 66 | $126.8M | $1,268,500 | #75 |
| Washington | 17 | $32.1M | $2,000,000 | #59 |
| Texas | 6 | $2.6M | $412,500 | #238 |
| Arizona | 6 | $6.6M | $880,000 | #95 |
| Florida | 1 | $1.9M | $1,947,000 | #296 |
| Colorado | 1 | $400K | $400,000 | #192 |
| Louisiana | 1 | $1.2M | $1,220,000 | #127 |
| North Carolina | 1 | $527K | $527,000 | #209 |
| New York | 1 | $575K | $575,000 | #213 |
| Nevada | 1 | $2.5M | $2,498,000 | #130 |
| South Carolina | 1 | $2.0M | $2,000,000 | #159 |
| Virginia | 1 | $400K | $400,000 | #162 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 37 | $2,150,000 | |
| Retail | 16 | $922,500 | |
| Other services (repair, personal care) | 12 | $1,366,000 | |
| Professional and technical services | 7 | $960,000 | |
| Health care and social assistance | 7 | $1,700,000 | |
| Manufacturing | 5 | $750,000 | |
| Arts, entertainment and recreation | 4 | $388,000 | |
| Wholesale trade | 3 | $895,000 | |
| Education | 3 | $878,000 | |
| Finance and insurance | 3 | $812,000 |