Best SBA 7(a) lenders for new single-family housing construction (except operative builders)
NAICS 236115 — New Single-Family Housing Construction (except Operative Builders).
2,280 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $739.4M.
Loans
2,280
Total $
$739.4M
Avg loan
$324K
Avg rate
9.78%
Avg term
114 mo
Industry chg-off rate
3.49%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 247 | $47.6M | $193K | 11.02% | 0.00% |
| 2 | U.S. Bank, National Association | 165 | $11.6M | $70K | 9.30% | 8.99% |
| 3 | TD Bank, National Association | 152 | $17.8M | $117K | 10.45% | 8.14% |
| 4 | Manufacturers and Traders Trust Company | 141 | $10.3M | $73K | 10.54% | 1.33% |
| 5 | BayFirst National Bank | 109 | $18.9M | $174K | 11.43% | 9.62% |
| 6 | Newtek Bank, National Association | 96 | $55.1M | $574K | 11.52% | 0.00% |
| 7 | The Huntington National Bank | 88 | $16.6M | $188K | 8.39% | 0.00% |
| 8 | Readycap Lending, LLC | 86 | $17.4M | $202K | 12.53% | 0.00% |
| 9 | Cadence Bank | 81 | $24.1M | $298K | 8.63% | 3.57% |
| 10 | JPMorgan Chase Bank, National Association | 80 | $13.3M | $167K | 11.06% | 3.23% |
| 11 | 1st Financial Bank USA | 79 | $152.4M | $1.9M | 9.54% | 3.13% |
| 12 | Wells Fargo Bank National Association | 72 | $12.8M | $177K | 10.80% | 2.22% |
| 13 | Columbia Bank | 52 | $6.3M | $121K | 10.16% | 0.00% |
| 14 | Eastern Bank | 51 | $6.6M | $130K | 8.75% | 9.09% |
| 15 | Newtek Small Business Finance, Inc. | 37 | $23.4M | $632K | 7.86% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need and we'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
We never sell your data. You'll be connected only to lenders matching your criteria.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 236115. Charge-off rates are calculated on the FY2020–FY2023 cohort only.