Best SBA 7(a) lenders for flooring contractors
NAICS 238330 — Flooring Contractors.
1,257 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $412.0M.
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.