Best SBA 7(a) lenders for meat processed from carcasses
The top SBA 7(a) lenders for meat processed from carcasses (NAICS 311612) are Newtek Bank, National Association, U.S. Bank, National Association, Hiawatha National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 133 loans totaling $101.1M to businesses in this industry. Average loan size: $760K. Average rate: 7.71%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.20%.
Loans
133
Total $
$101.1M
Avg loan
$760K
Avg rate
7.71%
Avg term
154 mo
Industry chg-off rate
1.20%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 10 | $12.5M | $1.3M | 11.15% | — |
| 2 | U.S. Bank, National Association | 6 | $8.1M | $1.4M | 8.03% | 0.00% |
| 3 | Hiawatha National Bank | 4 | $1.1M | $285K | 8.63% | 0.00% |
| 4 | First Interstate Bank | 4 | $1.4M | $356K | 7.44% | 0.00% |
| 5 | TD Bank, National Association | 4 | $895K | $224K | 8.07% | 25.00% |
| 6 | The Huntington National Bank | 4 | $82K | $21K | 8.06% | 0.00% |
| 7 | Live Oak Banking Company | 3 | $2.1M | $703K | 10.00% | — |
| 8 | GBC International Bank | 3 | $2.2M | $729K | 7.25% | 0.00% |
| 9 | Readycap Lending, LLC | 3 | $5.2M | $1.7M | 9.42% | 0.00% |
| 10 | The Community Bank | 3 | $164K | $55K | 5.63% | 0.00% |
| 11 | Citizens National Bank of Cheboygan | 2 | $315K | $158K | 6.38% | 0.00% |
| 12 | Celtic Bank Corporation | 2 | $1.3M | $664K | 9.50% | 0.00% |
| 13 | Hancock Whitney Bank | 2 | $2.7M | $1.4M | 5.25% | 0.00% |
| 14 | Mountain America FCU | 2 | $225K | $112K | 10.38% | — |
| 15 | Nicolet National Bank | 2 | $3.0M | $1.5M | 4.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 311612. Charge-off rates are calculated on the FY2020–FY2023 cohort only.