Citibank, N.A.
SBA lender based in South Dakota serving 30 states and 93 industries
Is Citibank, N.A. the right SBA lender for your deal?
Citibank, N.A. has funded 9,042 SBA loans across 30 states and 93 industries. Their average loan size is $135K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile. PeerSense matches your deal against Citibank, N.A. and 897+ alternatives based on closing probability + pricing.
Citibank, N.A. is an SBA Preferred Lender (PLP), a designation the SBA grants to lenders with delegated authority to approve 7(a) loans in-house, which speeds underwriting and closing. Citibank, N.A. has funded 9,042 SBA 7(a) loans across 30 states, averaging $135K per loan. PLP status means the lender does not have to send each file to the SBA for review, a material edge on turnaround for qualified borrowers.
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Book a CallWhy borrowers choose Citibank, N.A.
Citibank, N.A. is best suited for borrowers seeking small-business working capital, startup, and franchise loans, with an average SBA loan of $135K. The lender's deepest industry experience is in Limited-Service Restaurants, and their highest-volume state is California. With 9,042 SBA loans funded across 30 states, they are one of a small set of true national SBA lenders. Their portfolio default rate is 19.6% (resolved-loan basis). If your deal profile aligns with their underwriting box, this lender is worth a quote. PeerSense matches your specific deal against Citibank, N.A. and 897+ alternatives.
Recent SBA Activity at Citibank, N.A.
Franchise lending: Citibank, N.A. has funded SBA loans for multiple franchise concepts, with the highest volume in PEARLE VISION CENTER, SUBWAY SANDWICH SHOP, and MAIL BOXES ETC. USA. Lender-franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re-trade less.
Industry concentration: The lender's highest-volume SBA industries are Limited-Service Restaurants, Repair & Maintenance, and Miscellaneous Retail. Borrowers in these NAICS sectors typically see better terms and faster approvals.
Geographic concentration: Top markets are California, New York, Illinois, Florida, and Puerto Rico. Lenders typically underwrite faster in states where they already have closing comps.
Compare Citibank, N.A. to Similar SBA Lenders
Other SBA lenders headquartered in South Dakota with similar deal-size profiles. Borrowers should always compare 3–5 lenders before committing.
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About Citibank, N.A. SBA Lending
Citibank, N.A. is an SBA lender headquartered in South Dakota. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.
Citibank, N.A. serves borrowers across 30 states and 93 industry sectors, making it a national SBA lender with broad geographic coverage. To find out whether Citibank, N.A. is a good fit for your specific deal, reach out to PeerSense for a free lender match.
PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, book a free call and let our team match you with lenders who have a proven track record in your industry and geography.
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See Related Rates by Program
PeerSense covers the full commercial capital stack. Indicative levels that lenders in our network have been pricing across these programs, as of August 1, 2026.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive. Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting
Foreign National
7.50–11.00%Non-US borrower CRE + bridge, no SSN required
Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.