Best SBA 7(a) lenders for offices of lawyers
The top SBA 7(a) lenders for offices of lawyers (NAICS 541110) are The Huntington National Bank, Wells Fargo Bank National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 3,121 loans totaling $1.09B to businesses in this industry. Average loan size: $351K. Average rate: 8.76%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.86%.
Loans
3,121
Total $
$1.09B
Avg loan
$351K
Avg rate
8.76%
Avg term
146 mo
Industry chg-off rate
1.86%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 183 | $43.6M | $238K | 7.84% | 0.85% |
| 2 | Wells Fargo Bank National Association | 159 | $51.4M | $323K | 9.24% | 1.01% |
| 3 | TD Bank, National Association | 153 | $18.5M | $121K | 10.13% | 5.95% |
| 4 | Manufacturers and Traders Trust Company | 153 | $9.0M | $59K | 10.77% | 2.38% |
| 5 | U.S. Bank, National Association | 144 | $61.4M | $427K | 7.60% | 0.00% |
| 6 | JPMorgan Chase Bank, National Association | 133 | $43.9M | $330K | 9.38% | 3.23% |
| 7 | BayFirst National Bank | 131 | $22.0M | $168K | 10.63% | 4.23% |
| 8 | Readycap Lending, LLC | 112 | $30.4M | $272K | 11.29% | 3.45% |
| 9 | Newtek Bank, National Association | 107 | $32.2M | $301K | 11.45% | 0.00% |
| 10 | Bank of America, National Association | 105 | $46.9M | $446K | 7.06% | 0.00% |
| 11 | Northeast Bank | 98 | $16.7M | $170K | 10.72% | 0.00% |
| 12 | Eastern Bank | 61 | $4.6M | $76K | 8.72% | 2.70% |
| 13 | Celtic Bank Corporation | 56 | $11.6M | $208K | 9.25% | 3.03% |
| 14 | Cadence Bank | 55 | $19.2M | $350K | 9.25% | 6.45% |
| 15 | Columbia Bank | 49 | $5.9M | $120K | 9.47% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 541110. Charge-off rates are calculated on the FY2020–FY2023 cohort only.