Best SBA 7(a) lenders for all other legal services
The top SBA 7(a) lenders for all other legal services (NAICS 541199) are Wells Fargo Bank National Association, BayFirst National Bank, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 245 loans totaling $59.5M to businesses in this industry. Average loan size: $243K. Average rate: 10.17%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.27%.
Loans
245
Total $
$59.5M
Avg loan
$243K
Avg rate
10.17%
Avg term
119 mo
Industry chg-off rate
4.27%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 22 | $368K | $17K | 10.94% | 11.76% |
| 2 | BayFirst National Bank | 21 | $3.0M | $141K | 11.56% | 0.00% |
| 3 | Northeast Bank | 18 | $2.2M | $124K | 10.99% | 0.00% |
| 4 | Readycap Lending, LLC | 17 | $1.4M | $85K | 12.57% | 25.00% |
| 5 | TD Bank, National Association | 16 | $725K | $45K | 11.52% | 0.00% |
| 6 | The Huntington National Bank | 15 | $2.7M | $180K | 6.95% | 0.00% |
| 7 | Celtic Bank Corporation | 14 | $2.4M | $171K | 9.86% | 14.29% |
| 8 | U.S. Bank, National Association | 13 | $3.7M | $284K | 8.64% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 9 | $525K | $58K | 12.61% | 0.00% |
| 10 | JPMorgan Chase Bank, National Association | 7 | $456K | $65K | 13.00% | 0.00% |
| 11 | Cadence Bank | 6 | $2.4M | $398K | 10.13% | 0.00% |
| 12 | Newtek Bank, National Association | 5 | $441K | $88K | 13.40% | 0.00% |
| 13 | Webster Bank National Association | 4 | $600K | $150K | 11.28% | — |
| 14 | Columbia Bank | 4 | $610K | $152K | 11.63% | 0.00% |
| 15 | Live Oak Banking Company | 3 | $5.1M | $1.7M | 6.42% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 541199. Charge-off rates are calculated on the FY2020–FY2023 cohort only.