How many small businesses are in Pennsylvania?

Pennsylvania has approximately 1.2 million small businesses, representing 99.6 percent of all businesses in the state. They employ 2.5 million workers — 46.6 percent of Pennsylvania's private workforce. Source: SBA Office of Advocacy, 2024 Small Business Profile.

How active is SBA 7(a) lending in Pennsylvania?

Pennsylvania received 2,619 SBA 7(a) loan approvals in FY2024, totaling $1.3 billion. The average loan size was approximately $493,000. Source: SBA FOIA loan dataset, FY2024 aggregate.

Does Pennsylvania have a commercial financing disclosure law?

No. Pennsylvania has not enacted a statewide commercial financing disclosure law. Commercial lending is governed primarily by federal law and lender agreements.

What financing products work best for Pennsylvania small businesses?

Healthcare and construction businesses commonly access SBA 7(a) for longer-term capital. Logistics and transportation businesses use equipment financing. Professional services firms use working capital lines. The best fit depends on your revenue, time in business, and use of funds.

Is ClearValue Lending available in Pennsylvania?

Yes. ClearValue Lending routes Pennsylvania SMB applicants to lender partners operating across Philadelphia, Pittsburgh, Allentown, Erie, and statewide. We are a funding platform, not a lender or broker.

What are typical eligibility minimums for Pennsylvania SMB financing?

SBA 7(a) typically requires 2+ years in business, 650+ FICO, and $150,000+ annual revenue. Revenue-based financing may be available with 500+ FICO, 6+ months in business, and $10,000+ monthly revenue. All financing is subject to lender underwriting on the full file.

Small Business Loans in Pennsylvania

Pennsylvania has 1.2 million small businesses employing 2.5 million workers — 46.6 percent of the state's private workforce. In FY2024, Pennsylvania small businesses received 2,619 SBA 7(a) loans totaling $1.3 billion, with an average loan size of approximately $493,000. The state's SMB economy spans Philadelphia's professional services concentration, Pittsburgh's healthcare and technology renaissance, and a broad Keystone State economy in between — agriculture, manufacturing, logistics, and energy.