Best SBA 7(a) lenders for sewing, needlework, and piece goods stores
The top SBA 7(a) lenders for sewing, needlework, and piece goods stores (NAICS 451130) are U.S. Bank, National Association, The Huntington National Bank, Arbor Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 63 loans totaling $23.4M to businesses in this industry. Average loan size: $372K. Average rate: 6.22%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.64%.
Loans
63
Total $
$23.4M
Avg loan
$372K
Avg rate
6.22%
Avg term
128 mo
Industry chg-off rate
1.64%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 12 | $3.4M | $280K | 6.78% | 0.00% |
| 2 | The Huntington National Bank | 4 | $524K | $131K | 5.44% | 0.00% |
| 3 | Arbor Bank | 2 | $398K | $199K | 7.08% | 0.00% |
| 4 | BMO Bank National Association | 2 | $333K | $167K | 5.42% | 0.00% |
| 5 | BayFirst National Bank | 2 | $644K | $322K | 6.38% | 0.00% |
| 6 | Bravera Bank | 2 | $40K | $20K | 5.50% | 0.00% |
| 7 | Wells Fargo Bank National Association | 2 | $949K | $474K | 5.63% | 0.00% |
| 8 | Five Star Bank | 2 | $550K | $275K | 6.88% | 0.00% |
| 9 | Simmons Bank | 2 | $179K | $90K | 7.38% | 0.00% |
| 10 | Eastern Bank | 2 | $69K | $34K | 7.24% | 0.00% |
| 11 | Columbia Bank | 2 | $1.0M | $511K | 5.88% | 0.00% |
| 12 | Bank of America, National Association | 1 | $438K | $438K | 4.64% | 0.00% |
| 13 | Arbor Financial Credit Union | 1 | $147K | $147K | 5.00% | 0.00% |
| 14 | 1st Source Bank | 1 | $545K | $545K | 5.00% | 0.00% |
| 15 | Bangor Savings Bank | 1 | $125K | $125K | 5.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 451130. Charge-off rates are calculated on the FY2020–FY2023 cohort only.