Bank · Sioux Falls, SD
Wells Fargo Bank: SBA lending profile
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.
SBA loans per fiscal year
0 3,000 6,000 9,000 FY14: 4,037 loans FY14 FY15: 7,253 loans FY15 FY16: 8,737 loans FY16 8,737 FY17: 5,445 loans FY17 FY18: 3,898 loans FY18 FY19: 3,149 loans FY19 FY20: 1,872 loans FY20 FY21: 1,843 loans FY21 FY22: 1,933 loans FY22 FY23: 2,140 loans FY23 FY24: 2,224 loans FY24 FY25: 1,607 loans FY25 FY26 (Oct to Jun): 391 loans FY26 391 Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Where Wells Fargo Bank lends
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
Industries Wells Fargo Bank finances
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
Loan size mix
Under $150,000 74% $150,000 to $500,000 9% $500,000 to $2 million 13% $2 million and up 3% Loan programs used
SBA Express 74% Preferred Lender (PLP) 26% Standard 7(a) 1%
Bank financials · Q2 2026
Total assets
$1907.9B
Return on assets (annualized)
1.38%
Tier 1 capital to assets
7.8%
Business (C&I) loans
$200.2B
Noncurrent loans
1.06%
Uninsured deposits
50%
From the bank's FDIC call report. Shown for context, not as a rating. FDIC certificate 3511.
Loan terms
Median initial rate, FY2025 to date
12.00%
Variable-rate share
60%
Median term
10 years
Startups and new businesses
86%
Charge-off rate, 2010 to 2019 loans now closed
9.0%
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See its SBA market share in every state and county, who is taking share from it, how its rates compare, and the busy counties where it makes no loans.
See its market report Figures come from the SBA's public loan records and describe loans the SBA approved, not applications or the lender's full business.
Methodology