Best SBA 7(a) lenders for financial transactions processing, reserve, and clearinghouse activiti
The top SBA 7(a) lenders for financial transactions processing, reserve, and clearinghouse activiti (NAICS 522320) are Newtek Bank, National Association, Columbia Bank, Newtek Small Business Finance, Inc., ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 107 loans totaling $85.7M to businesses in this industry. Average loan size: $801K. Average rate: 9.18%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.77%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 10 | $9.1M | $909K | 11.45% | 0.00% |
| 2 | Columbia Bank | 6 | $150K | $25K | 6.71% | 0.00% |
| 3 | Newtek Small Business Finance, Inc. | 6 | $9.2M | $1.5M | 6.42% | 0.00% |
| 4 | Readycap Lending, LLC | 5 | $3.8M | $751K | 11.20% | 0.00% |
| 5 | The Huntington National Bank | 5 | $1.7M | $341K | 9.70% | 0.00% |
| 6 | BayFirst National Bank | 4 | $688K | $172K | 9.13% | 0.00% |
| 7 | Paradise Bank | 4 | $8.8M | $2.2M | 8.44% | 0.00% |
| 8 | U.S. Bank, National Association | 4 | $4.6M | $1.2M | 8.41% | — |
| 9 | TD Bank, National Association | 3 | $228K | $76K | 10.76% | 0.00% |
| 10 | Manufacturers and Traders Trust Company | 3 | $110K | $37K | 12.08% | 50.00% |
| 11 | T Bank, National Association | 3 | $5.8M | $1.9M | 9.25% | 0.00% |
| 12 | VelocitySBA, LLC | 2 | $1.4M | $685K | 11.13% | 0.00% |
| 13 | The Adirondack Trust Company | 2 | $60K | $30K | 5.38% | 0.00% |
| 14 | Village Bank and Trust, National Association | 2 | $892K | $446K | 4.63% | 0.00% |
| 15 | First National Bank of Pennsylvania | 2 | $1.8M | $911K | 10.00% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 522320. Charge-off rates are calculated on the FY2020–FY2023 cohort only.