Bank of Edison approved 32 SBA loans worth $40.1M between October 2021 and June 2026, ranking #705 of 2,283 SBA lenders nationally by loan count. Its median loan was $954,250, and 22% went to startups or businesses under two years old. It lent in 11 states, most often in Texas, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Texas | 9 | $10.6M | $960,000 | #212 |
| Georgia | 5 | $7.0M | $1,484,000 | #153 |
| Virginia | 4 | $2.7M | $383,250 | #120 |
| Tennessee | 3 | $7.0M | $2,900,000 | #130 |
| Pennsylvania | 3 | $2.2M | $714,000 | #140 |
| Illinois | 3 | $1.9M | $731,000 | #180 |
| Arkansas | 1 | $228K | $227,500 | #127 |
| Iowa | 1 | $472K | $472,500 | #199 |
| Kansas | 1 | $1.4M | $1,386,000 | #196 |
| Ohio | 1 | $1.7M | $1,677,000 | #227 |
| West Virginia | 1 | $5.0M | $5,000,000 | #67 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 14 | $1,343,000 | |
| Other services (repair, personal care) | 5 | $370,000 | |
| Professional and technical services | 4 | $603,000 | |
| Retail | 2 | $1,817,000 | |
| Health care and social assistance | 2 | $1,023,000 | |
| Manufacturing | 2 | $3,375,000 | |
| Agriculture, forestry and fishing | 1 | $1,012,000 | |
| Construction | 1 | $275,500 | |
| Real estate and rental | 1 | $396,500 |