Best SBA 7(a) lenders for new multifamily housing construction (except operative builders)
NAICS 236116 — New Multifamily Housing Construction (except Operative Builders).
177 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $77.3M.
Loans
177
Total $
$77.3M
Avg loan
$437K
Avg rate
9.57%
Avg term
118 mo
Industry chg-off rate
2.44%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 20 | $3.8M | $188K | 11.41% | — |
| 2 | Readycap Lending, LLC | 13 | $2.1M | $159K | 13.06% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 12 | $835K | $70K | 11.75% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 11 | $2.3M | $213K | 10.71% | 0.00% |
| 5 | Red River State Bank | 9 | $11.1M | $1.2M | 4.58% | 0.00% |
| 6 | Wells Fargo Bank National Association | 9 | $185K | $21K | 12.92% | 0.00% |
| 7 | U.S. Bank, National Association | 8 | $323K | $40K | 9.24% | 0.00% |
| 8 | BayFirst National Bank | 5 | $672K | $134K | 12.05% | 33.33% |
| 9 | Lendistry SBLC, LLC | 4 | $1.0M | $256K | 11.75% | 0.00% |
| 10 | Dime Community Bank | 4 | $7.8M | $1.9M | 5.56% | 0.00% |
| 11 | Newtek Small Business Finance, Inc. | 4 | $4.3M | $1.1M | 7.38% | 0.00% |
| 12 | TD Bank, National Association | 4 | $437K | $109K | 9.64% | 0.00% |
| 13 | Zions Bank, A Division of | 3 | $300K | $100K | 12.67% | — |
| 14 | Webster Bank National Association | 3 | $1.1M | $353K | 9.33% | 0.00% |
| 15 | Eastern Bank | 3 | $250K | $83K | 8.32% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 236116. Charge-off rates are calculated on the FY2020–FY2023 cohort only.