Best SBA 7(a) lenders for soap and other detergent manufacturing
The top SBA 7(a) lenders for soap and other detergent manufacturing (NAICS 325611) are The Huntington National Bank, Live Oak Banking Company, Newtek Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 95 loans totaling $64.5M to businesses in this industry. Average loan size: $679K. Average rate: 8.64%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.39%.
Loans
95
Total $
$64.5M
Avg loan
$679K
Avg rate
8.64%
Avg term
132 mo
Industry chg-off rate
3.39%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 13 | $4.6M | $354K | 8.01% | 0.00% |
| 2 | Live Oak Banking Company | 9 | $5.8M | $650K | 4.82% | 0.00% |
| 3 | Newtek Bank, National Association | 5 | $1.1M | $230K | 10.94% | 0.00% |
| 4 | Readycap Lending, LLC | 5 | $275K | $55K | 13.00% | 100.00% |
| 5 | TD Bank, National Association | 5 | $3.3M | $653K | 8.76% | 0.00% |
| 6 | KeyBank National Association | 4 | $1.2M | $296K | 10.82% | 0.00% |
| 7 | CDC Small Business Finance Corp. | 4 | $614K | $154K | 13.00% | 0.00% |
| 8 | Locus Bank Inc | 3 | $1.7M | $567K | 6.00% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 3 | $2.4M | $810K | 8.87% | 0.00% |
| 10 | First Bank of the Lake | 3 | $8.6M | $2.9M | 10.33% | 0.00% |
| 11 | CorTrust Bank National Association | 3 | $700K | $233K | 5.33% | 0.00% |
| 12 | Celtic Bank Corporation | 3 | $440K | $147K | 10.83% | 0.00% |
| 13 | ACC Capital | 2 | $131K | $66K | 7.88% | 0.00% |
| 14 | BayFirst National Bank | 2 | $97K | $49K | 13.25% | — |
| 15 | Brookline Bank, a Division of Beacon Bank and Trust | 2 | $2.9M | $1.4M | 7.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 325611. Charge-off rates are calculated on the FY2020–FY2023 cohort only.