SBA lender · 7(a) program
KeyBank
KeyBank has approved 12,336 SBA loans worth $4.32B since FY2010 - the #19 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#19
0.85% of all SBA dollars
Total approved
$4.32B
FY2010 onward
Loans
12,336
Median loan
$100,050
-44% vs national
Median rate
6.52%
-0.23 pts vs national
Charge-off rate
5.1%
5,933 resolved FY10-19 loans
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What KeyBank’s numbers say
KeyBank sits near the top of the SBA lending field, having approved 12,336 loans for a gross total of $4.32B since fiscal 2010. Its median loan of $100,050 is well below the $180,000 national median, typical of a lender leaning on SBA Express and smaller working-capital facilities.
The median initial note rate across its 7(a) approvals is 6.52%, essentially the national median. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 5.1% were charged off, 2.5 points below the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 27% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally - a meaningfully greater appetite for startups than the average SBA lender.
Where KeyBank lends
| State | Loans | Share |
|---|---|---|
| New York | 2,840 | |
| Ohio | 1,835 | |
| Washington | 1,758 | |
| Colorado | 901 | |
| Pennsylvania | 878 | |
| Oregon | 877 | |
| Indiana | 691 | |
| Connecticut | 488 |
What it lends against
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Questions about KeyBank
- How many SBA loans has KeyBank approved?
- KeyBank has approved 12,336 SBA loans totalling $4,319,576,900 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #19 among all SBA lenders by dollars approved.
- What is the typical KeyBank SBA loan size?
- The median gross approval is $100,050, with the middle 80% of loans falling between $20,000 and $900,000. The national median across all SBA lenders is $180,000.
- What interest rate does KeyBank charge on SBA 7(a) loans?
- The median initial note rate on KeyBank's 7(a) approvals is 6.52%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is KeyBank's SBA loan charge-off rate?
- 5.1% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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