Best SBA 7(a) lenders for taxi service
The top SBA 7(a) lenders for taxi service (NAICS 485310) are TD Bank, National Association, Northeast Bank, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 165 loans totaling $18.3M to businesses in this industry. Average loan size: $111K. Average rate: 10.11%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.47%.
Loans
165
Total $
$18.3M
Avg loan
$111K
Avg rate
10.11%
Avg term
111 mo
Industry chg-off rate
2.47%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 49 | $1.4M | $29K | 11.35% | 0.00% |
| 2 | Northeast Bank | 15 | $1.1M | $71K | 10.85% | 0.00% |
| 3 | The Huntington National Bank | 14 | $850K | $61K | 8.41% | 0.00% |
| 4 | Wells Fargo Bank National Association | 9 | $150K | $17K | 13.31% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 6 | $401K | $67K | 9.91% | 0.00% |
| 6 | U.S. Bank, National Association | 5 | $151K | $30K | 6.04% | 0.00% |
| 7 | BayFirst National Bank | 5 | $497K | $99K | 11.15% | 0.00% |
| 8 | Central Pacific Bank | 4 | $90K | $23K | 8.50% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 4 | $125K | $31K | 13.83% | 33.33% |
| 10 | KeyBank National Association | 3 | $65K | $22K | 7.43% | 33.33% |
| 11 | Brooklyn Cooperative FCU | 3 | $25K | $8K | 12.00% | 0.00% |
| 12 | Columbia Bank | 3 | $100K | $33K | 9.92% | 0.00% |
| 13 | Newtek Bank, National Association | 3 | $254K | $85K | 13.75% | 0.00% |
| 14 | Readycap Lending, LLC | 3 | $552K | $184K | 12.17% | 0.00% |
| 15 | PNC Bank, National Association | 3 | $55K | $18K | 12.38% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 485310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.