Best SBA 7(a) lenders for boat dealers
NAICS 441222 — Boat Dealers.
188 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $175.7M.
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.