Best SBA 7(a) lenders for ship building and repairing
The top SBA 7(a) lenders for ship building and repairing (NAICS 336611) are Wells Fargo Bank National Association, TD Bank, National Association, Bank of America, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 72 loans totaling $52.7M to businesses in this industry. Average loan size: $731K. Average rate: 9.11%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.50%.
Loans
72
Total $
$52.7M
Avg loan
$731K
Avg rate
9.11%
Avg term
133 mo
Industry chg-off rate
2.50%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 9 | $3.1M | $349K | 11.15% | 50.00% |
| 2 | TD Bank, National Association | 7 | $540K | $77K | 8.52% | 0.00% |
| 3 | Bank of America, National Association | 4 | $2.1M | $521K | 5.13% | 0.00% |
| 4 | Columbia Bank | 4 | $2.7M | $681K | 10.00% | 0.00% |
| 5 | Harvest Small Business Finance, LLC | 4 | $6.7M | $1.7M | 7.00% | 0.00% |
| 6 | JPMorgan Chase Bank, National Association | 3 | $349K | $116K | 13.05% | 0.00% |
| 7 | Locality Bank | 3 | $3.1M | $1.0M | 10.58% | 0.00% |
| 8 | Newtek Bank, National Association | 3 | $1.1M | $350K | 11.00% | — |
| 9 | PNC Bank, National Association | 3 | $6.1M | $2.0M | 5.91% | 0.00% |
| 10 | The Huntington National Bank | 3 | $89K | $30K | 8.00% | 0.00% |
| 11 | Regions Bank | 3 | $10.1M | $3.4M | 8.32% | 0.00% |
| 12 | Manufacturers and Traders Trust Company | 2 | $150K | $75K | 12.63% | — |
| 13 | Fifth Third Bank | 2 | $500K | $250K | 10.84% | 0.00% |
| 14 | WesBanco Bank, Inc. | 2 | $4.3M | $2.1M | 10.25% | — |
| 15 | Whatcom Educational CU | 2 | $95K | $48K | 6.88% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 336611. Charge-off rates are calculated on the FY2020–FY2023 cohort only.