Is M&T Bank a good match for your SBA loan?
M&T Bank’s project state SBA 7(a) loan approvals in 2020.
M&T Bank Highlights
M&T Bank (Manufactures and Traders Trust Company) is the #6 ranked SBA lender for loan approvals in both 2020 and 2019. For loan amounts up to $350,000 M&T Bank ranks #5 in 2020 for loan approvals and #7 in approval amounts.
All-time M&T Bank has approved 28,393 SBA loans for $3,889,971,335. They approved borrowers from 2,603 cities, for projects in 28 states, in 992 industries, and for 597 franchise brands.
In 2020 M&T Bank approved 1,018 SBA loans for $149,015,100. The average loan approval amount in 2020 was $146,380. They approved borrowers from 431 cities, for projects in 14 states, in 270 industries, and for 45 franchise brands.
Our forecast model projects M&T Bank approving $161 million for SBA 7(a) loans in 2021.
Read our SBA Lender page on M&T Bank for their full report, but below are a few highlights:
M&T Bank Historical SBA 7(a) Lending
M&T Bank Loan Approvals
2020 Top 25 Business Industries
M&T Bank approved the most loans for the Full-Service Restaurants industry followed by Residential Remodelers industry and the Specialty Trade Contractors industry. M&T Bank approved SBA 7(a) loans for 270 different industries in 2020.
M&T Bank Loan Amounts
M&T Bank’s average SBA loan approval amount in 2020 was $146,380.
93% of all M&T Bank approved loans in 2020 were for loan amounts up to $350,000.
79.47% of all M&T Bank approved loans in 2020 were for loan amounts up to $150,000.
7% of M&T Bank’s approved loans in 2020 were for loan amounts over $1 million.
2% of M&T Bank’s loan approvals were for multi-million loan amounts.
M&T Bank is the #6 Ranked National SBA Lender
For 2020 M&T Bank ranks #6 in number of loan approvals. For loan amounts up to $350,000 M&T Bank ranks #5 in 2020 for loan approvals and #7 in approval amounts.
In 2020 M&T Bank approved 1,018 SBA loans for $149,015,100
M&T Bank’s average loan approval amount was $146,380.
In 2020 M&T Bank approved borrowers from 431 cities, for projects in 14 states, in 270 industries, and for 45 franchise brands.
See our full (and free) SBA report on M&T Bank
This report has about everything a small business owner would want to know to determine if M&T Bank would be a good match for an SBA loan. See how M&T Bank ranks in multiple SBA loan categories, our SBA lending forecasts for M&T Bank, the top 25 industries and franchise brands M&T Bank approved loans with, the top project states and borrower cities, and more.
