Best SBA 7(a) lenders for all other specialty trade contractors
The top SBA 7(a) lenders for all other specialty trade contractors (NAICS 238990) are The Huntington National Bank, U.S. Bank, National Association, Manufacturers and Traders Trust Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 5,857 loans totaling $2.81B to businesses in this industry. Average loan size: $479K. Average rate: 8.76%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.40%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 982 | $260.2M | $265K | 8.57% | 1.40% |
| 2 | U.S. Bank, National Association | 340 | $83.1M | $244K | 8.50% | 3.63% |
| 3 | Manufacturers and Traders Trust Company | 233 | $25.0M | $107K | 9.98% | 2.13% |
| 4 | Northeast Bank | 199 | $33.7M | $169K | 10.99% | 9.09% |
| 5 | Live Oak Banking Company | 161 | $200.9M | $1.2M | 8.58% | 0.00% |
| 6 | TD Bank, National Association | 160 | $25.1M | $157K | 10.29% | 2.47% |
| 7 | Wells Fargo Bank National Association | 148 | $58.9M | $398K | 9.51% | 1.92% |
| 8 | BayFirst National Bank | 147 | $27.2M | $185K | 11.65% | 3.33% |
| 9 | JPMorgan Chase Bank, National Association | 139 | $37.9M | $273K | 10.36% | 0.00% |
| 10 | Readycap Lending, LLC | 127 | $55.0M | $433K | 11.31% | 0.00% |
| 11 | Cadence Bank | 112 | $38.1M | $340K | 8.76% | 2.90% |
| 12 | Newtek Bank, National Association | 93 | $62.4M | $671K | 11.37% | 0.00% |
| 13 | KeyBank National Association | 91 | $43.4M | $477K | 8.42% | 0.00% |
| 14 | PNC Bank, National Association | 65 | $12.8M | $198K | 10.13% | 2.78% |
| 15 | Newtek Small Business Finance, Inc. | 64 | $55.6M | $868K | 7.47% | 1.56% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238990. Charge-off rates are calculated on the FY2020–FY2023 cohort only.