Best SBA 7(a) lenders for data processing, hosting, and related services
The top SBA 7(a) lenders for data processing, hosting, and related services (NAICS 518210) are Newtek Bank, National Association, The Huntington National Bank, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 591 loans totaling $329.9M to businesses in this industry. Average loan size: $558K. Average rate: 9.32%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.71%.
Loans
591
Total $
$329.9M
Avg loan
$558K
Avg rate
9.32%
Avg term
121 mo
Industry chg-off rate
0.71%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 71 | $54.8M | $771K | 11.37% | 0.00% |
| 2 | The Huntington National Bank | 39 | $13.0M | $333K | 9.26% | 0.00% |
| 3 | Northeast Bank | 32 | $4.5M | $141K | 11.05% | 0.00% |
| 4 | BayFirst National Bank | 28 | $4.8M | $170K | 10.49% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 23 | $9.2M | $399K | 10.26% | 0.00% |
| 6 | Readycap Lending, LLC | 23 | $8.7M | $380K | 10.95% | 0.00% |
| 7 | U.S. Bank, National Association | 23 | $3.8M | $164K | 8.23% | 0.00% |
| 8 | TD Bank, National Association | 22 | $2.1M | $97K | 10.92% | 0.00% |
| 9 | Live Oak Banking Company | 20 | $33.8M | $1.7M | 7.80% | 0.00% |
| 10 | Bank of America, National Association | 19 | $8.0M | $421K | 8.73% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 19 | $6.6M | $346K | 9.96% | 0.00% |
| 12 | Wells Fargo Bank National Association | 16 | $3.3M | $203K | 10.06% | 0.00% |
| 13 | Cadence Bank | 14 | $4.4M | $317K | 9.32% | 0.00% |
| 14 | Newtek Small Business Finance, Inc. | 10 | $5.7M | $568K | 7.85% | 0.00% |
| 15 | Celtic Bank Corporation | 10 | $1.0M | $104K | 9.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 518210. Charge-off rates are calculated on the FY2020–FY2023 cohort only.