38 SBA loans worth $16.7M went to businesses in State College, PA between October 2021 and June 2026, from 15 lenders. Manufacturers and Traders Trust made the most, 13 loans. The median loan was $150,000, compared with $150,000 across Pennsylvania, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Bank · Buffalo, NY | 13 | $1.5M | $50,000 | 77% |
| 2 | PNC Bank Bank · Wilmington, DE | 5 | $5.0M | $500,000 | 20% |
| 3 | First Commonwealth Bank Bank · Indiana, PA | 4 | $1.4M | $317,500 | 50% |
| 4 | Northwest Bank Bank · Warren, PA | 3 | $516K | $61,500 | 100% |
| 5 | Pathward Bank · Sioux Falls, SD | 2 | $4.3M | $2,135,000 | 0% |
| 6 | Live Oak Banking Bank · Wilmington, NC | 2 | $590K | $295,000 | 100% |
| 7 | TowneBank Bank · Portsmouth, VA | 1 | $1.1M | $1,058,000 | 0% |
| 8 | Bancorp Bank Bank · Sioux Falls, SD | 1 | $708K | $708,000 | 0% |
| 9 | Empire State Certified Development Certified development company · Latham, NY | 1 | $534K | $534,000 | 0% |
| 10 | Citizens Bank Bank · Elizabethton, TN | 1 | $488K | $487,500 | 100% |
| 11 | First National Bank of Pennsylvania Bank · Greenville, PA | 1 | $200K | $200,000 | 100% |
| 12 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $190K | $190,000 | 0% |
| 13 | Reliance Savings Bank Bank · Altoona, PA | 1 | $150K | $150,000 | 100% |
| 14 | Huntington National Bank Bank · Columbus, OH | 1 | $150K | $150,000 | 0% |
| 15 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $111K | $110,800 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 10 | $250,000 | Manufacturers and Traders Trust | |
| Retail | 7 | $45,500 | Manufacturers and Traders Trust | |
| Professional and technical services | 4 | $464,200 | PNC Bank | |
| Arts, entertainment and recreation | 4 | $227,500 | Northwest Bank | |
| Health care and social assistance | 3 | $110,800 | Huntington National Bank | |
| Other services (repair, personal care) | 3 | $500,000 | Bancorp Bank | |
| Administrative and support services | 2 | $362,500 | First Commonwealth Bank | |
| Finance and insurance | 2 | $17,500 | Manufacturers and Traders Trust |