Best SBA 7(a) lenders for all other insurance related activities
The top SBA 7(a) lenders for all other insurance related activities (NAICS 524298) are The Huntington National Bank, BayFirst National Bank, Readycap Lending, LLC, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 137 loans totaling $56.3M to businesses in this industry. Average loan size: $411K. Average rate: 9.47%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 6.25%.
Loans
137
Total $
$56.3M
Avg loan
$411K
Avg rate
9.47%
Avg term
119 mo
Industry chg-off rate
6.25%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 16 | $3.2M | $199K | 8.59% | 0.00% |
| 2 | BayFirst National Bank | 12 | $1.9M | $157K | 12.38% | 33.33% |
| 3 | Readycap Lending, LLC | 10 | $803K | $80K | 13.00% | 0.00% |
| 4 | TD Bank, National Association | 10 | $840K | $84K | 10.95% | 0.00% |
| 5 | Touchmark National Bank | 6 | $3.7M | $614K | 5.96% | 0.00% |
| 6 | Cadence Bank | 6 | $1.9M | $311K | 10.71% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 5 | $265K | $53K | 11.25% | 0.00% |
| 8 | U.S. Bank, National Association | 5 | $636K | $127K | 7.89% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 4 | $710K | $178K | 12.38% | — |
| 10 | Comerica Bank | 4 | $626K | $157K | 7.50% | 100.00% |
| 11 | Celtic Bank Corporation | 4 | $723K | $181K | 9.88% | 0.00% |
| 12 | PNC Bank, National Association | 3 | $120K | $40K | 10.55% | 0.00% |
| 13 | Byline Bank | 3 | $2.8M | $927K | 10.08% | — |
| 14 | OakStar Bank | 2 | $230K | $115K | 6.88% | 50.00% |
| 15 | United Midwest Savings Bank National Association | 2 | $250K | $125K | 6.00% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 524298. Charge-off rates are calculated on the FY2020–FY2023 cohort only.