Best SBA 7(a) lenders for sawmills
The top SBA 7(a) lenders for sawmills (NAICS 321113) are The Huntington National Bank, Fusion Bank, Hawthorn Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 94 loans totaling $64.9M to businesses in this industry. Average loan size: $690K. Average rate: 7.42%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
94
Total $
$64.9M
Avg loan
$690K
Avg rate
7.42%
Avg term
117 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 | 8 | $3.5M | $435K | 8.58% | 0.00% |
| 2 | Fusion Bank | 5 | $4.8M | $968K | 7.30% | 0.00% |
| 3 | Hawthorn Bank | 5 | $1.1M | $229K | 5.87% | 0.00% |
| 4 | Wells Fargo Bank National Association | 5 | $7.0M | $1.4M | 5.95% | 0.00% |
| 5 | U.S. Bank, National Association | 4 | $87K | $22K | 9.44% | 0.00% |
| 6 | The Commercial and Savings Bank of Millersburg, Ohio | 4 | $2.5M | $625K | 5.75% | 0.00% |
| 7 | Byline Bank | 4 | $3.8M | $940K | 9.25% | 0.00% |
| 8 | Peoples Bank | 4 | $2.1M | $528K | 7.16% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 3 | $148K | $49K | 11.08% | 0.00% |
| 10 | OakStar Bank | 3 | $707K | $236K | 7.33% | 0.00% |
| 11 | The Park National Bank | 3 | $2.9M | $963K | 5.05% | 0.00% |
| 12 | First National Bank of Pennsylvania | 2 | $2.8M | $1.4M | 6.67% | 0.00% |
| 13 | Consumers National Bank | 2 | $596K | $298K | 4.50% | 0.00% |
| 14 | Readycap Lending, LLC | 2 | $5.0M | $2.5M | 12.25% | — |
| 15 | Peoples Trust Company of St. Albans | 2 | $279K | $140K | 5.67% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 321113. Charge-off rates are calculated on the FY2020–FY2023 cohort only.