Best SBA 7(a) lenders for flooring contractors
The top SBA 7(a) lenders for flooring contractors (NAICS 238330) 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 1,257 loans totaling $412.0M to businesses in this industry. Average loan size: $328K. Average rate: 9.28%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.23%.
Loans
1,257
Total $
$412.0M
Avg loan
$328K
Avg rate
9.28%
Avg term
122 mo
Industry chg-off rate
4.23%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 162 | $30.6M | $189K | 8.97% | 1.16% |
| 2 | U.S. Bank, National Association | 113 | $10.7M | $95K | 9.12% | 7.14% |
| 3 | TD Bank, National Association | 104 | $12.4M | $119K | 10.68% | 5.26% |
| 4 | United Midwest Savings Bank National Association | 71 | $10.3M | $146K | 8.36% | 6.12% |
| 5 | JPMorgan Chase Bank, National Association | 57 | $11.3M | $199K | 10.50% | 3.33% |
| 6 | Manufacturers and Traders Trust Company | 44 | $4.0M | $91K | 10.53% | 17.39% |
| 7 | BayFirst National Bank | 41 | $6.5M | $159K | 11.51% | 0.00% |
| 8 | Readycap Lending, LLC | 38 | $8.3M | $219K | 11.57% | 8.33% |
| 9 | Wells Fargo Bank National Association | 34 | $4.4M | $131K | 10.60% | 6.67% |
| 10 | Northeast Bank | 29 | $3.3M | $115K | 10.32% | 0.00% |
| 11 | Newtek Bank, National Association | 23 | $7.3M | $315K | 11.34% | 0.00% |
| 12 | Cadence Bank | 20 | $6.6M | $332K | 8.66% | 8.33% |
| 13 | PNC Bank, National Association | 18 | $4.0M | $221K | 9.96% | 0.00% |
| 14 | Live Oak Banking Company | 17 | $15.8M | $926K | 8.71% | 0.00% |
| 15 | Columbia Bank | 17 | $1.6M | $95K | 11.00% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238330. Charge-off rates are calculated on the FY2020–FY2023 cohort only.