U.S. Bank approved 13,058 SBA loans worth $3.0B between October 2021 and June 2026, ranking #5 of 2,283 SBA lenders nationally by loan count. Its median loan was $41,000, and 34% went to startups or businesses under two years old. It lent in 49 states, most often in California, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| California | 4,098 | $1.1B | $50,000 | #1 |
| Minnesota | 953 | $189.7M | $40,000 | #1 |
| Illinois | 749 | $143.2M | $45,000 | #3 |
| Washington | 699 | $216.0M | $50,000 | #2 |
| Oregon | 694 | $128.5M | $40,000 | #2 |
| Ohio | 674 | $150.1M | $40,000 | #2 |
| Colorado | 645 | $112.9M | $38,000 | #2 |
| Missouri | 512 | $86.4M | $35,950 | #1 |
| Nevada | 509 | $81.7M | $45,000 | #1 |
| Tennessee | 444 | $81.0M | $40,000 | #1 |
| Wisconsin | 429 | $81.9M | $40,000 | #2 |
| Arizona | 368 | $80.3M | $40,000 | #3 |
| Utah | 277 | $67.0M | $43,000 | #5 |
| Kentucky | 256 | $42.0M | $40,000 | #2 |
| Iowa | 242 | $25.1M | $30,000 | #1 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 3,252 | $36,000 | |
| Other services (repair, personal care) | 1,667 | $35,000 | |
| Professional and technical services | 1,447 | $50,000 | |
| Retail | 1,295 | $45,000 | |
| Restaurants and hotels | 1,078 | $40,000 | |
| Health care and social assistance | 701 | $100,000 | |
| Administrative and support services | 684 | $40,000 | |
| Manufacturing | 611 | $84,100 | |
| Wholesale trade | 475 | $50,000 | |
| Transportation and warehousing | 459 | $50,000 |