Best SBA 7(a) lenders for boat dealers
The top SBA 7(a) lenders for boat dealers (NAICS 441222) are Wells Fargo Bank National Association, Newtek Bank, National Association, Newtek Small Business Finance, Inc., ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 188 loans totaling $175.7M to businesses in this industry. Average loan size: $934K. Average rate: 7.91%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
188
Total $
$175.7M
Avg loan
$934K
Avg rate
7.91%
Avg term
158 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 | Wells Fargo Bank National Association | 10 | $9.5M | $945K | 8.95% | 0.00% |
| 2 | Newtek Bank, National Association | 9 | $7.3M | $813K | 11.11% | 0.00% |
| 3 | Newtek Small Business Finance, Inc. | 7 | $8.3M | $1.2M | 8.29% | 0.00% |
| 4 | Northeast Bank | 6 | $735K | $122K | 10.96% | 0.00% |
| 5 | The Huntington National Bank | 6 | $9.7M | $1.6M | 7.60% | 0.00% |
| 6 | Pinnacle Bank | 5 | $7.8M | $1.6M | 7.15% | 0.00% |
| 7 | Citizens Bank, National Association | 4 | $3.9M | $977K | 6.94% | 0.00% |
| 8 | Synovus Bank | 4 | $3.9M | $970K | 6.94% | 0.00% |
| 9 | Colony Bank | 3 | $363K | $121K | 12.33% | 0.00% |
| 10 | Readycap Lending, LLC | 3 | $900K | $300K | 10.75% | 0.00% |
| 11 | KeyBank National Association | 3 | $750K | $250K | 8.17% | 0.00% |
| 12 | Arvest Bank | 3 | $1.3M | $447K | 5.42% | 0.00% |
| 13 | Brookline Bank, a Division of Beacon Bank and Trust | 3 | $6.8M | $2.3M | 5.75% | 0.00% |
| 14 | CalPrivate Bank | 3 | $3.6M | $1.2M | 7.67% | 0.00% |
| 15 | Citizens Bank | 3 | $2.1M | $696K | 9.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 441222. Charge-off rates are calculated on the FY2020–FY2023 cohort only.