Best SBA 7(a) lenders for financial transactions processing, reserve, and clearinghouse activiti
NAICS 522320 — Financial Transactions Processing, Reserve, and Clearinghouse Activiti.
107 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $85.7M.
Loans
107
Total $
$85.7M
Avg loan
$801K
Avg rate
9.18%
Avg term
127 mo
Industry chg-off rate
3.77%
FY20–FY23 cohort
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.