Best SBA 7(a) lenders for ice cream and frozen dessert manufacturing
The top SBA 7(a) lenders for ice cream and frozen dessert manufacturing (NAICS 311520) are The Huntington National Bank, Newtek Small Business Finance, Inc., Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 185 loans totaling $66.1M to businesses in this industry. Average loan size: $357K. Average rate: 9.41%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
185
Total $
$66.1M
Avg loan
$357K
Avg rate
9.41%
Avg term
127 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 16 | $4.2M | $260K | 10.27% | 0.00% |
| 2 | Newtek Small Business Finance, Inc. | 10 | $2.5M | $253K | 6.72% | 0.00% |
| 3 | Northeast Bank | 8 | $944K | $118K | 10.69% | — |
| 4 | TD Bank, National Association | 8 | $3.8M | $481K | 10.49% | 0.00% |
| 5 | BayFirst National Bank | 7 | $1.1M | $163K | 11.96% | 0.00% |
| 6 | Wells Fargo Bank National Association | 7 | $105K | $15K | 12.25% | 0.00% |
| 7 | Readycap Lending, LLC | 6 | $3.6M | $601K | 11.13% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 6 | $625K | $104K | 10.75% | 0.00% |
| 9 | Banco Popular de Puerto Rico | 6 | $782K | $130K | 9.63% | 0.00% |
| 10 | Cadence Bank | 5 | $2.0M | $400K | 10.65% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 4 | $985K | $246K | 7.12% | 0.00% |
| 12 | Busey Bank | 4 | $1.9M | $465K | 9.19% | 0.00% |
| 13 | U.S. Bank, National Association | 4 | $103K | $26K | 8.37% | 0.00% |
| 14 | Newtek Bank, National Association | 4 | $1.7M | $416K | 11.13% | 0.00% |
| 15 | Celtic Bank Corporation | 3 | $607K | $202K | 10.42% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 311520. Charge-off rates are calculated on the FY2020–FY2023 cohort only.