Best SBA 7(a) lenders for school and employee bus transportation
The top SBA 7(a) lenders for school and employee bus transportation (NAICS 485410) are TD Bank, National Association, Manufacturers and Traders Trust Company, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 124 loans totaling $60.0M to businesses in this industry. Average loan size: $484K. Average rate: 9.17%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.44%.
Loans
124
Total $
$60.0M
Avg loan
$484K
Avg rate
9.17%
Avg term
127 mo
Industry chg-off rate
4.44%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 24 | $1.7M | $70K | 11.45% | 0.00% |
| 2 | Manufacturers and Traders Trust Company | 10 | $1.5M | $149K | 10.65% | 50.00% |
| 3 | The Huntington National Bank | 9 | $1.9M | $212K | 8.71% | 0.00% |
| 4 | Northeast Bank | 9 | $2.0M | $222K | 10.19% | 0.00% |
| 5 | St. Mary's CU | 7 | $101K | $14K | 7.38% | 0.00% |
| 6 | Wells Fargo Bank National Association | 5 | $2.3M | $463K | 10.05% | 33.33% |
| 7 | Eastern Bank | 4 | $750K | $188K | 8.25% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 4 | $1.6M | $394K | 9.94% | 0.00% |
| 9 | Bank of America, National Association | 3 | $2.4M | $798K | 8.75% | 0.00% |
| 10 | Brookline Bank, a Division of Beacon Bank and Trust | 3 | $151K | $50K | 9.27% | — |
| 11 | Newtek Small Business Finance, Inc. | 3 | $5.9M | $2.0M | 6.50% | 0.00% |
| 12 | Webster Bank National Association | 2 | $430K | $215K | 8.38% | 0.00% |
| 13 | Platinum Bank | 2 | $7.6M | $3.8M | 7.13% | 0.00% |
| 14 | Hanscom FCU | 2 | $360K | $180K | 8.75% | — |
| 15 | Fulton Bank, National Association | 2 | $4.9M | $2.4M | 9.00% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 485410. Charge-off rates are calculated on the FY2020–FY2023 cohort only.