Best SBA 7(a) lenders for hay farming
The top SBA 7(a) lenders for hay farming (NAICS 111940) are Columbia Bank, Manufacturers and Traders Trust Company, BancFirst, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 53 loans totaling $12.7M to businesses in this industry. Average loan size: $240K. Average rate: 8.60%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
53
Total $
$12.7M
Avg loan
$240K
Avg rate
8.60%
Avg term
111 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Columbia Bank | 7 | $300K | $43K | 10.86% | 0.00% |
| 2 | Manufacturers and Traders Trust Company | 5 | $236K | $47K | 8.80% | 0.00% |
| 3 | BancFirst | 4 | $1.4M | $348K | 6.13% | 0.00% |
| 4 | The Huntington National Bank | 3 | $57K | $19K | 10.92% | 0.00% |
| 5 | Banner Bank | 2 | $97K | $49K | 8.38% | 0.00% |
| 6 | BOKF, National Association | 2 | $918K | $459K | 7.88% | — |
| 7 | Live Oak Banking Company | 2 | $2.2M | $1.1M | 8.10% | 0.00% |
| 8 | Wells Fargo Bank National Association | 2 | $23K | $11K | 9.00% | 0.00% |
| 9 | The Bank of Clovis | 2 | $1.6M | $805K | 5.75% | 0.00% |
| 10 | TD Bank, National Association | 2 | $50K | $25K | 9.55% | 0.00% |
| 11 | Farmers Bank and Trust | 2 | $285K | $143K | 8.63% | 0.00% |
| 12 | Red River State Bank | 2 | $968K | $484K | 5.05% | 0.00% |
| 13 | Cadence Bank | 1 | $75K | $75K | 6.00% | 0.00% |
| 14 | AMPAC Tri-State CDC, Inc. | 1 | $50K | $50K | 13.50% | — |
| 15 | Heritage Bank Inc | 1 | $150K | $150K | 12.25% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 111940. Charge-off rates are calculated on the FY2020–FY2023 cohort only.