Best SBA 7(a) lenders for logging
The top SBA 7(a) lenders for logging (NAICS 113310) are Columbia Bank, Banner Bank, Peoples Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 317 loans totaling $62.5M to businesses in this industry. Average loan size: $197K. Average rate: 8.02%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.94%.
Loans
317
Total $
$62.5M
Avg loan
$197K
Avg rate
8.02%
Avg term
95 mo
Industry chg-off rate
1.94%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Columbia Bank | 32 | $1.9M | $59K | 9.98% | 0.00% |
| 2 | Banner Bank | 23 | $1.8M | $78K | 6.61% | 0.00% |
| 3 | Peoples Bank | 22 | $2.7M | $122K | 7.25% | 0.00% |
| 4 | The Huntington National Bank | 21 | $2.0M | $97K | 8.78% | 0.00% |
| 5 | Katahdin Trust Company | 16 | $2.8M | $176K | 7.93% | 0.00% |
| 6 | TD Bank, National Association | 13 | $7.0M | $540K | 9.76% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 8 | $479K | $60K | 9.65% | 0.00% |
| 8 | BayFirst National Bank | 7 | $832K | $119K | 11.46% | 0.00% |
| 9 | Nicolet National Bank | 7 | $2.7M | $390K | 5.86% | 0.00% |
| 10 | Newtek Bank, National Association | 6 | $3.3M | $542K | 11.04% | 0.00% |
| 11 | Northeast Bank | 6 | $908K | $151K | 10.63% | 100.00% |
| 12 | Readycap Lending, LLC | 6 | $874K | $146K | 11.33% | 0.00% |
| 13 | Covington County Bank | 5 | $483K | $97K | 6.50% | 0.00% |
| 14 | First Community Bank | 5 | $526K | $105K | 6.50% | 0.00% |
| 15 | PS Bank | 5 | $373K | $75K | 7.34% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 113310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.