Best SBA 7(a) lenders for roofing contractors
The top SBA 7(a) lenders for roofing contractors (NAICS 238160) are The Huntington National Bank, U.S. Bank, National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,735 loans totaling $757.9M to businesses in this industry. Average loan size: $437K. Average rate: 9.13%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.09%.
Loans
1,735
Total $
$757.9M
Avg loan
$437K
Avg rate
9.13%
Avg term
126 mo
Industry chg-off rate
2.09%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 318 | $64.7M | $203K | 8.44% | 0.85% |
| 2 | U.S. Bank, National Association | 109 | $14.9M | $137K | 9.51% | 8.70% |
| 3 | TD Bank, National Association | 87 | $10.5M | $121K | 10.43% | 4.35% |
| 4 | JPMorgan Chase Bank, National Association | 83 | $21.5M | $259K | 9.91% | 5.56% |
| 5 | Readycap Lending, LLC | 55 | $24.7M | $448K | 11.82% | 0.00% |
| 6 | Northeast Bank | 54 | $11.4M | $211K | 10.78% | 0.00% |
| 7 | Wells Fargo Bank National Association | 53 | $11.6M | $219K | 10.73% | 4.35% |
| 8 | Newtek Bank, National Association | 49 | $24.1M | $492K | 11.47% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 48 | $7.3M | $152K | 9.94% | 8.00% |
| 10 | BayFirst National Bank | 37 | $10.4M | $281K | 11.52% | 0.00% |
| 11 | PNC Bank, National Association | 31 | $1.7M | $55K | 11.16% | 11.76% |
| 12 | Bank of America, National Association | 31 | $14.5M | $469K | 6.98% | 0.00% |
| 13 | Live Oak Banking Company | 29 | $42.8M | $1.5M | 8.46% | 0.00% |
| 14 | Cadence Bank | 28 | $8.6M | $306K | 8.68% | 0.00% |
| 15 | First Bank of the Lake | 28 | $32.0M | $1.1M | 9.54% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238160. Charge-off rates are calculated on the FY2020–FY2023 cohort only.