Best SBA 7(a) lenders for sewing, needlework, and piece goods stores
NAICS 451130 — Sewing, Needlework, and Piece Goods Stores.
63 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $23.4M.
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.