Best SBA 7(a) lenders for structural steel and precast concrete contractors
The top SBA 7(a) lenders for structural steel and precast concrete contractors (NAICS 238120) are U.S. Bank, National Association, JPMorgan Chase Bank, National Association, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 202 loans totaling $80.3M to businesses in this industry. Average loan size: $398K. Average rate: 9.42%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.96%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 20 | $1.6M | $78K | 9.29% | 0.00% |
| 2 | JPMorgan Chase Bank, National Association | 19 | $4.6M | $240K | 11.20% | 0.00% |
| 3 | The Huntington National Bank | 16 | $2.3M | $145K | 8.93% | 0.00% |
| 4 | Manufacturers and Traders Trust Company | 14 | $3.2M | $229K | 8.89% | 0.00% |
| 5 | TD Bank, National Association | 12 | $1.6M | $137K | 10.47% | 0.00% |
| 6 | Wells Fargo Bank National Association | 7 | $611K | $87K | 11.06% | 0.00% |
| 7 | BayFirst National Bank | 6 | $5.6M | $933K | 11.71% | 50.00% |
| 8 | Fulton Bank, National Association | 5 | $3.1M | $615K | 10.55% | 0.00% |
| 9 | PNC Bank, National Association | 5 | $220K | $44K | 10.42% | 0.00% |
| 10 | Newtek Small Business Finance, Inc. | 4 | $1.8M | $450K | 8.94% | 0.00% |
| 11 | Newtek Bank, National Association | 4 | $2.9M | $737K | 11.63% | — |
| 12 | Northeast Bank | 4 | $750K | $188K | 10.63% | — |
| 13 | Bar Harbor Bank & Trust | 4 | $593K | $148K | 9.01% | — |
| 14 | Bank of America, National Association | 4 | $1.2M | $289K | 9.03% | 0.00% |
| 15 | Citibank, N.A. | 3 | $300K | $100K | 8.58% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238120. Charge-off rates are calculated on the FY2020–FY2023 cohort only.