Best SBA 7(a) lenders for plumbing, heating, and air-conditioning contractors
The top SBA 7(a) lenders for plumbing, heating, and air-conditioning contractors (NAICS 238220) 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 6,128 loans totaling $2.68B to businesses in this industry. Average loan size: $438K. Average rate: 8.96%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.36%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 638 | $144.3M | $226K | 8.57% | 1.63% |
| 2 | U.S. Bank, National Association | 466 | $71.0M | $152K | 8.89% | 3.98% |
| 3 | TD Bank, National Association | 356 | $52.5M | $147K | 10.40% | 5.81% |
| 4 | Live Oak Banking Company | 313 | $292.2M | $933K | 8.36% | 0.00% |
| 5 | JPMorgan Chase Bank, National Association | 217 | $53.7M | $248K | 10.22% | 4.12% |
| 6 | Northeast Bank | 204 | $39.6M | $194K | 10.87% | 25.00% |
| 7 | BayFirst National Bank | 190 | $39.7M | $209K | 11.34% | 7.23% |
| 8 | Manufacturers and Traders Trust Company | 182 | $32.6M | $179K | 9.72% | 0.00% |
| 9 | Wells Fargo Bank National Association | 162 | $57.3M | $354K | 9.80% | 4.55% |
| 10 | United Midwest Savings Bank National Association | 139 | $38.5M | $277K | 9.72% | 20.83% |
| 11 | Newtek Bank, National Association | 138 | $65.8M | $477K | 11.32% | 0.00% |
| 12 | Readycap Lending, LLC | 109 | $32.3M | $296K | 11.54% | 0.00% |
| 13 | Bank of America, National Association | 85 | $33.8M | $398K | 7.58% | 2.27% |
| 14 | First Internet Bank of Indiana | 75 | $106.6M | $1.4M | 9.86% | 11.11% |
| 15 | PNC Bank, National Association | 72 | $14.4M | $201K | 10.25% | 2.44% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238220. Charge-off rates are calculated on the FY2020–FY2023 cohort only.