Wells Fargo Bank approved 8,295 SBA loans worth $2.2B between October 2021 and June 2026, ranking #9 of 2,283 SBA lenders nationally by loan count. Its median loan was $15,000, and 86% went to startups or businesses under two years old. It lent in 49 states, most often in California, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 1,728 | $607.2M | $20,000 | #4 |
| Texas | 1,066 | $246.7M | $15,000 | #4 |
| Florida | 1,017 | $135.5M | $15,000 | #9 |
| Georgia | 455 | $49.4M | $15,000 | #4 |
| North Carolina | 392 | $68.7M | $15,000 | #4 |
| Arizona | 387 | $126.5M | $20,000 | #2 |
| Colorado | 333 | $114.5M | $20,000 | #7 |
| New Jersey | 267 | $84.6M | $20,000 | #10 |
| Nevada | 233 | $70.9M | $15,000 | #3 |
| Virginia | 230 | $38.1M | $15,000 | #7 |
| Minnesota | 207 | $27.3M | $15,000 | #7 |
| South Carolina | 198 | $30.9M | $15,000 | #3 |
| Pennsylvania | 191 | $26.1M | $15,000 | #15 |
| Washington | 188 | $75.9M | $22,500 | #14 |
| Oregon | 162 | $82.5M | $202,950 | #7 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 1,092 | $15,000 | |
| Transportation and warehousing | 1,021 | $15,000 | |
| Construction | 1,007 | $20,000 | |
| Professional and technical services | 957 | $15,000 | |
| Health care and social assistance | 830 | $229,500 | |
| Other services (repair, personal care) | 781 | $15,000 | |
| Administrative and support services | 491 | $15,000 | |
| Restaurants and hotels | 489 | $20,000 | |
| Manufacturing | 383 | $15,000 | |
| Wholesale trade | 323 | $20,000 |