Best SBA 7(a) lenders for sound recording studios
The top SBA 7(a) lenders for sound recording studios (NAICS 512240) are Newtek Bank, National Association, TD Bank, National Association, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 128 loans totaling $48.6M to businesses in this industry. Average loan size: $380K. Average rate: 9.38%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 5.06%.
Loans
128
Total $
$48.6M
Avg loan
$380K
Avg rate
9.38%
Avg term
144 mo
Industry chg-off rate
5.06%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 13 | $3.0M | $229K | 11.69% | 0.00% |
| 2 | TD Bank, National Association | 10 | $1.1M | $108K | 11.89% | 16.67% |
| 3 | Northeast Bank | 8 | $668K | $83K | 11.03% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 7 | $5.9M | $848K | 11.99% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 7 | $352K | $50K | 11.00% | 33.33% |
| 6 | U.S. Bank, National Association | 7 | $2.9M | $415K | 7.89% | 0.00% |
| 7 | The Huntington National Bank | 5 | $519K | $104K | 6.20% | 0.00% |
| 8 | Readycap Lending, LLC | 4 | $359K | $90K | 11.13% | 33.33% |
| 9 | BankFirst Financial Services | 4 | $563K | $141K | 7.13% | 0.00% |
| 10 | Celtic Bank Corporation | 4 | $211K | $53K | 9.69% | 0.00% |
| 11 | BayFirst National Bank | 3 | $517K | $172K | 10.17% | 0.00% |
| 12 | Commercial Bank of California | 3 | $3.2M | $1.1M | 4.75% | 0.00% |
| 13 | Bank of America, National Association | 3 | $470K | $157K | 8.17% | 0.00% |
| 14 | Community Trust Bank, Inc. | 3 | $1.2M | $416K | 7.25% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 3 | $344K | $115K | 11.42% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 512240. Charge-off rates are calculated on the FY2020–FY2023 cohort only.