Best SBA 7(a) lenders for tax preparation services
The top SBA 7(a) lenders for tax preparation services (NAICS 541213) are Readycap Lending, LLC, The Huntington National Bank, Newtek Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,257 loans totaling $354.4M to businesses in this industry. Average loan size: $282K. Average rate: 9.76%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.06%.
Loans
1,257
Total $
$354.4M
Avg loan
$282K
Avg rate
9.76%
Avg term
132 mo
Industry chg-off rate
3.06%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Readycap Lending, LLC | 103 | $8.6M | $84K | 12.66% | 4.35% |
| 2 | The Huntington National Bank | 87 | $16.1M | $185K | 8.91% | 4.44% |
| 3 | Newtek Bank, National Association | 85 | $15.6M | $183K | 11.81% | 0.00% |
| 4 | TD Bank, National Association | 76 | $5.6M | $74K | 10.75% | 0.00% |
| 5 | Northeast Bank | 75 | $4.0M | $53K | 10.99% | 0.00% |
| 6 | Live Oak Banking Company | 70 | $49.3M | $704K | 8.79% | 0.00% |
| 7 | Wells Fargo Bank National Association | 59 | $4.5M | $76K | 10.69% | 6.06% |
| 8 | BayFirst National Bank | 51 | $6.6M | $129K | 11.32% | 12.00% |
| 9 | U.S. Bank, National Association | 47 | $18.3M | $389K | 8.07% | 5.00% |
| 10 | Lendistry SBLC, LLC | 32 | $2.8M | $86K | 12.48% | 0.00% |
| 11 | Celtic Bank Corporation | 30 | $5.8M | $195K | 9.34% | 15.38% |
| 12 | Cadence Bank | 29 | $8.7M | $301K | 8.80% | 10.00% |
| 13 | JPMorgan Chase Bank, National Association | 26 | $5.6M | $216K | 11.79% | 0.00% |
| 14 | Newtek Small Business Finance, Inc. | 23 | $4.0M | $176K | 8.63% | 0.00% |
| 15 | United Midwest Savings Bank National Association | 21 | $19.4M | $923K | 10.02% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 541213. Charge-off rates are calculated on the FY2020–FY2023 cohort only.