Best SBA 7(a) lenders for new car dealers
The top SBA 7(a) lenders for new car dealers (NAICS 441110) are Live Oak Banking Company, Newtek Bank, National Association, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 199 loans totaling $405.5M to businesses in this industry. Average loan size: $2.0M. Average rate: 8.04%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.72%.
Loans
199
Total $
$405.5M
Avg loan
$2.0M
Avg rate
8.04%
Avg term
162 mo
Industry chg-off rate
1.72%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 66 | $242.6M | $3.7M | 7.30% | 0.00% |
| 2 | Newtek Bank, National Association | 30 | $24.3M | $811K | 11.22% | 0.00% |
| 3 | Northeast Bank | 13 | $3.7M | $288K | 10.54% | — |
| 4 | Cadence Bank | 5 | $1.9M | $380K | 9.55% | 25.00% |
| 5 | Webster Bank National Association | 3 | $300K | $100K | 8.06% | 0.00% |
| 6 | Bank of Mauston | 3 | $900K | $300K | 4.60% | 0.00% |
| 7 | Celtic Bank Corporation | 3 | $8.0M | $2.7M | 7.92% | 0.00% |
| 8 | First Merchants Bank | 3 | $2.9M | $950K | 6.50% | 0.00% |
| 9 | KeyBank National Association | 2 | $4.5M | $2.3M | 11.38% | — |
| 10 | Lake Michigan CU | 2 | $2.6M | $1.3M | 6.38% | 0.00% |
| 11 | First National Bank of Pennsylvania | 2 | $1.5M | $736K | 5.75% | 0.00% |
| 12 | Glacier Bank | 2 | $5.0M | $2.5M | 8.50% | — |
| 13 | Hanover Community Bank | 2 | $5.5M | $2.8M | 6.00% | 0.00% |
| 14 | Native American Bank, National Association | 2 | $2.9M | $1.5M | 5.88% | 50.00% |
| 15 | Cedar Rapids Bank and Trust Company | 2 | $3.3M | $1.6M | 5.00% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 441110. Charge-off rates are calculated on the FY2020–FY2023 cohort only.