Best SBA 7(a) lenders for industrial building construction
The top SBA 7(a) lenders for industrial building construction (NAICS 236210) are Northeast Bank, Readycap Lending, LLC, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 396 loans totaling $215.7M to businesses in this industry. Average loan size: $545K. Average rate: 9.07%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.23%.
Loans
396
Total $
$215.7M
Avg loan
$545K
Avg rate
9.07%
Avg term
128 mo
Industry chg-off rate
2.23%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 57 | $12.7M | $223K | 10.75% | 0.00% |
| 2 | Readycap Lending, LLC | 21 | $5.9M | $283K | 12.40% | 0.00% |
| 3 | The Huntington National Bank | 20 | $7.5M | $373K | 7.21% | 0.00% |
| 4 | Manufacturers and Traders Trust Company | 16 | $1.7M | $104K | 10.33% | 0.00% |
| 5 | U.S. Bank, National Association | 16 | $11.7M | $732K | 7.84% | 0.00% |
| 6 | Wells Fargo Bank National Association | 15 | $1.6M | $109K | 10.89% | 0.00% |
| 7 | BayFirst National Bank | 15 | $2.2M | $145K | 12.23% | 33.33% |
| 8 | Cadence Bank | 13 | $3.3M | $254K | 8.52% | 10.00% |
| 9 | Banco Popular de Puerto Rico | 7 | $2.1M | $296K | 10.14% | 0.00% |
| 10 | Newtek Small Business Finance, Inc. | 7 | $7.3M | $1.0M | 8.29% | 0.00% |
| 11 | Webster Bank National Association | 7 | $1.9M | $278K | 10.39% | — |
| 12 | JPMorgan Chase Bank, National Association | 6 | $1.2M | $201K | 9.21% | 33.33% |
| 13 | Oriental Bank | 6 | $990K | $165K | 8.33% | 0.00% |
| 14 | Zions Bank, A Division of | 6 | $1.3M | $210K | 9.81% | 0.00% |
| 15 | TD Bank, National Association | 5 | $1.9M | $389K | 7.77% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 236210. Charge-off rates are calculated on the FY2020–FY2023 cohort only.