Best SBA 7(a) lenders for painting and wall covering contractors
The top SBA 7(a) lenders for painting and wall covering contractors (NAICS 238320) are The Huntington National Bank, U.S. Bank, National Association, United Midwest Savings Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,953 loans totaling $425.4M to businesses in this industry. Average loan size: $218K. Average rate: 9.52%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.37%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 296 | $42.9M | $145K | 9.07% | 1.88% |
| 2 | U.S. Bank, National Association | 236 | $17.2M | $73K | 9.19% | 5.04% |
| 3 | United Midwest Savings Bank National Association | 162 | $23.5M | $145K | 8.28% | 20.37% |
| 4 | TD Bank, National Association | 137 | $11.2M | $82K | 10.88% | 6.06% |
| 5 | JPMorgan Chase Bank, National Association | 69 | $11.1M | $160K | 11.10% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 61 | $4.3M | $70K | 11.00% | 0.00% |
| 7 | Northeast Bank | 56 | $6.9M | $123K | 10.88% | 0.00% |
| 8 | Wells Fargo Bank National Association | 54 | $9.1M | $169K | 11.00% | 3.13% |
| 9 | Readycap Lending, LLC | 47 | $7.0M | $148K | 12.78% | 0.00% |
| 10 | BayFirst National Bank | 43 | $7.2M | $168K | 11.42% | 0.00% |
| 11 | Live Oak Banking Company | 37 | $29.7M | $802K | 8.92% | 0.00% |
| 12 | Columbia Bank | 33 | $2.8M | $85K | 10.17% | 0.00% |
| 13 | Eastern Bank | 28 | $1.7M | $62K | 10.18% | 18.75% |
| 14 | Newtek Bank, National Association | 28 | $5.9M | $212K | 11.54% | 0.00% |
| 15 | First Bank of the Lake | 25 | $11.3M | $454K | 10.14% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238320. Charge-off rates are calculated on the FY2020–FY2023 cohort only.