Best SBA 7(a) lenders for beef cattle ranching and farming
The top SBA 7(a) lenders for beef cattle ranching and farming (NAICS 112111) are Ultima Bank Minnesota, Peoples Bank, Covington County Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 259 loans totaling $87.1M to businesses in this industry. Average loan size: $336K. Average rate: 7.51%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.60%.
Loans
259
Total $
$87.1M
Avg loan
$336K
Avg rate
7.51%
Avg term
101 mo
Industry chg-off rate
1.60%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Ultima Bank Minnesota | 34 | $4.2M | $124K | 5.97% | 0.00% |
| 2 | Peoples Bank | 22 | $2.4M | $107K | 6.17% | 0.00% |
| 3 | Covington County Bank | 19 | $2.6M | $136K | 6.22% | 0.00% |
| 4 | The Huntington National Bank | 10 | $455K | $46K | 9.89% | 0.00% |
| 5 | Wells Fargo Bank National Association | 10 | $113K | $11K | 11.25% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 9 | $259K | $29K | 11.03% | 40.00% |
| 7 | Columbia Bank | 8 | $279K | $35K | 10.28% | 0.00% |
| 8 | Western Nebraska Bank | 7 | $798K | $114K | 6.99% | 0.00% |
| 9 | U.S. Bank, National Association | 7 | $176K | $25K | 6.71% | 0.00% |
| 10 | Readycap Lending, LLC | 6 | $834K | $139K | 12.46% | — |
| 11 | Bank of Bridger, National Association | 6 | $1.3M | $213K | 6.38% | 0.00% |
| 12 | Wadena State Bank | 5 | $1.6M | $314K | 5.38% | 0.00% |
| 13 | The First Bank and Trust Company | 5 | $21.5M | $4.3M | 5.00% | 0.00% |
| 14 | Security Bank USA | 5 | $523K | $105K | 6.43% | 0.00% |
| 15 | OakStar Bank | 4 | $8.4M | $2.1M | 9.50% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 112111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.