Best SBA 7(a) lenders for new multifamily housing construction (except operative builders)
The top SBA 7(a) lenders for new multifamily housing construction (except operative builders) (NAICS 236116) are Northeast Bank, Readycap Lending, LLC, Manufacturers and Traders Trust Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 177 loans totaling $77.3M to businesses in this industry. Average loan size: $437K. Average rate: 9.57%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.44%.
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.