Best SBA 7(a) lenders for small arms manufacturing
The top SBA 7(a) lenders for small arms manufacturing (NAICS 332994) are Newtek Bank, National Association, BayFirst National Bank, OakStar Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 77 loans totaling $46.7M to businesses in this industry. Average loan size: $606K. Average rate: 8.51%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
77
Total $
$46.7M
Avg loan
$606K
Avg rate
8.51%
Avg term
122 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 | Newtek Bank, National Association | 9 | $3.7M | $409K | 11.25% | — |
| 2 | BayFirst National Bank | 5 | $1.4M | $277K | 11.45% | 0.00% |
| 3 | OakStar Bank | 5 | $8.5M | $1.7M | 6.65% | 0.00% |
| 4 | Coulee Bank | 4 | $3.6M | $900K | 5.81% | 0.00% |
| 5 | Northeast Bank | 3 | $236K | $79K | 11.08% | — |
| 6 | The Huntington National Bank | 3 | $162K | $54K | 6.25% | 0.00% |
| 7 | Wells Fargo Bank National Association | 3 | $35K | $12K | 11.83% | 0.00% |
| 8 | Newtek Small Business Finance, Inc. | 3 | $575K | $192K | 8.33% | 0.00% |
| 9 | U.S. Bank, National Association | 2 | $140K | $70K | 7.75% | 0.00% |
| 10 | RiverBank | 2 | $90K | $45K | 8.81% | — |
| 11 | Columbia Bank | 2 | $30K | $15K | 6.00% | 0.00% |
| 12 | Colony Bank | 2 | $1.5M | $752K | 10.00% | — |
| 13 | Idaho Central CU | 2 | $632K | $316K | 10.25% | 0.00% |
| 14 | CDC Small Business Finance Corp. | 2 | $87K | $44K | 6.50% | 0.00% |
| 15 | Banner Bank | 2 | $108K | $54K | 9.00% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 332994. Charge-off rates are calculated on the FY2020–FY2023 cohort only.