Best SBA 7(a) lenders for asphalt paving mixture and block manufacturing
The top SBA 7(a) lenders for asphalt paving mixture and block manufacturing (NAICS 324121) are 1st Source Bank, BayFirst National Bank, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 62 loans totaling $32.3M to businesses in this industry. Average loan size: $521K. Average rate: 9.34%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.45%.
Loans
62
Total $
$32.3M
Avg loan
$521K
Avg rate
9.34%
Avg term
124 mo
Industry chg-off rate
3.45%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | 1st Source Bank | 3 | $1.1M | $373K | 6.92% | 0.00% |
| 2 | BayFirst National Bank | 3 | $450K | $150K | 11.00% | 0.00% |
| 3 | The Huntington National Bank | 3 | $540K | $180K | 10.83% | — |
| 4 | Meridian Bank | 3 | $3.3M | $1.1M | 9.75% | 0.00% |
| 5 | Wells Fargo Bank National Association | 3 | $30K | $10K | 12.33% | 0.00% |
| 6 | Northeast Bank | 3 | $1.0M | $338K | 10.75% | — |
| 7 | TD Bank, National Association | 3 | $640K | $213K | 10.17% | — |
| 8 | Banco Popular de Puerto Rico | 2 | $2.0M | $1.0M | 6.17% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 2 | $115K | $58K | 12.13% | 0.00% |
| 10 | PNC Bank, National Association | 2 | $40K | $20K | 10.82% | 0.00% |
| 11 | The Bank of Missouri | 2 | $481K | $240K | 4.88% | 0.00% |
| 12 | Farmers and Merchants Bank | 2 | $5.0M | $2.5M | 6.13% | 0.00% |
| 13 | Central Bank | 2 | $1.6M | $806K | 10.13% | — |
| 14 | Busey Bank | 2 | $910K | $455K | 11.00% | 0.00% |
| 15 | Celtic Bank Corporation | 2 | $300K | $150K | 11.25% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 324121. Charge-off rates are calculated on the FY2020–FY2023 cohort only.