Best SBA 7(a) lenders for logging
NAICS 113310 — Logging.
317 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $62.5M.
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.