Best SBA 7(a) lenders for horse and other equine production
The top SBA 7(a) lenders for horse and other equine production (NAICS 112920) are The Huntington National Bank, Readycap Lending, LLC, Community Trust Bank, Inc., ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 105 loans totaling $43.7M to businesses in this industry. Average loan size: $417K. Average rate: 8.97%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 5.45%.
Loans
105
Total $
$43.7M
Avg loan
$417K
Avg rate
8.97%
Avg term
164 mo
Industry chg-off rate
5.45%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 9 | $2.8M | $315K | 9.37% | 0.00% |
| 2 | Readycap Lending, LLC | 6 | $1.2M | $199K | 12.58% | — |
| 3 | Community Trust Bank, Inc. | 6 | $872K | $145K | 5.67% | 20.00% |
| 4 | Wells Fargo Bank National Association | 5 | $95K | $19K | 11.50% | 0.00% |
| 5 | TD Bank, National Association | 5 | $345K | $69K | 11.73% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 4 | $194K | $49K | 6.88% | 25.00% |
| 7 | Newtek Small Business Finance, Inc. | 4 | $788K | $197K | 6.81% | 0.00% |
| 8 | Celtic Bank Corporation | 3 | $354K | $118K | 11.17% | — |
| 9 | U.S. Bank, National Association | 3 | $4.6M | $1.5M | 7.26% | 0.00% |
| 10 | BayFirst National Bank | 3 | $293K | $98K | 13.08% | — |
| 11 | Harvest Small Business Finance, LLC | 2 | $1.7M | $837K | 9.88% | 0.00% |
| 12 | Northeast Bank | 2 | $130K | $65K | 10.88% | — |
| 13 | The First National Bank of Waterloo | 2 | $50K | $25K | 6.50% | 0.00% |
| 14 | Summit Bank | 2 | $1.5M | $743K | 5.63% | 0.00% |
| 15 | Renasant Bank | 2 | $1.3M | $653K | 6.25% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 112920. Charge-off rates are calculated on the FY2020–FY2023 cohort only.