Best SBA 7(a) lenders for site preparation contractors
The top SBA 7(a) lenders for site preparation contractors (NAICS 238910) 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 2,085 loans totaling $776.6M to businesses in this industry. Average loan size: $372K. Average rate: 8.63%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.11%.
Loans
2,085
Total $
$776.6M
Avg loan
$372K
Avg rate
8.63%
Avg term
111 mo
Industry chg-off rate
1.11%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 325 | $51.9M | $160K | 8.11% | 0.00% |
| 2 | U.S. Bank, National Association | 171 | $12.1M | $71K | 9.01% | 1.10% |
| 3 | TD Bank, National Association | 110 | $18.0M | $164K | 10.07% | 3.39% |
| 4 | Manufacturers and Traders Trust Company | 93 | $7.6M | $81K | 10.86% | 0.00% |
| 5 | Northeast Bank | 69 | $13.9M | $201K | 10.65% | 0.00% |
| 6 | Columbia Bank | 44 | $12.6M | $286K | 9.86% | 4.55% |
| 7 | Wells Fargo Bank National Association | 44 | $8.9M | $202K | 10.65% | 3.57% |
| 8 | Zions Bank, A Division of | 38 | $7.5M | $197K | 10.02% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 36 | $7.7M | $215K | 10.35% | 0.00% |
| 10 | BayFirst National Bank | 35 | $5.9M | $169K | 11.70% | 7.14% |
| 11 | Banner Bank | 34 | $8.2M | $243K | 8.20% | 0.00% |
| 12 | Readycap Lending, LLC | 34 | $7.6M | $224K | 12.52% | 0.00% |
| 13 | Newtek Small Business Finance, Inc. | 23 | $29.4M | $1.3M | 7.51% | 0.00% |
| 14 | Newtek Bank, National Association | 23 | $17.4M | $756K | 11.07% | 0.00% |
| 15 | Cadence Bank | 23 | $6.3M | $275K | 8.73% | 7.69% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238910. Charge-off rates are calculated on the FY2020–FY2023 cohort only.