Best SBA 7(a) lenders for mortgage and nonmortgage loan brokers
The top SBA 7(a) lenders for mortgage and nonmortgage loan brokers (NAICS 522310) are BayFirst National Bank, Readycap Lending, LLC, Newtek Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 177 loans totaling $70.3M to businesses in this industry. Average loan size: $397K. Average rate: 8.76%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 8.85%.
Loans
177
Total $
$70.3M
Avg loan
$397K
Avg rate
8.76%
Avg term
158 mo
Industry chg-off rate
8.85%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | BayFirst National Bank | 23 | $3.5M | $153K | 11.58% | 22.22% |
| 2 | Readycap Lending, LLC | 15 | $2.9M | $194K | 10.53% | 28.57% |
| 3 | Newtek Bank, National Association | 12 | $6.0M | $497K | 11.96% | 0.00% |
| 4 | Comerica Bank | 11 | $1.8M | $164K | 6.61% | 0.00% |
| 5 | Cadence Bank | 9 | $2.8M | $311K | 7.92% | 14.29% |
| 6 | Colony Bank | 5 | $3.1M | $616K | 8.85% | 0.00% |
| 7 | Celtic Bank Corporation | 5 | $631K | $126K | 9.75% | 0.00% |
| 8 | Wells Fargo Bank National Association | 5 | $4.0M | $803K | 4.73% | 0.00% |
| 9 | Enterprise Bank & Trust | 4 | $5.1M | $1.3M | 5.69% | 0.00% |
| 10 | BMO Bank National Association | 4 | $1.3M | $326K | 6.22% | 0.00% |
| 11 | Zions Bank, A Division of | 4 | $4.5M | $1.1M | 6.44% | 0.00% |
| 12 | The Huntington National Bank | 4 | $371K | $93K | 9.63% | 0.00% |
| 13 | Columbia Bank | 4 | $2.1M | $519K | 5.19% | 0.00% |
| 14 | Byline Bank | 3 | $5.4M | $1.8M | 10.42% | 0.00% |
| 15 | Central Pacific Bank | 3 | $120K | $40K | 7.83% | 66.67% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 522310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.