Best SBA 7(a) lenders for payroll services
The top SBA 7(a) lenders for payroll services (NAICS 541214) are Readycap Lending, LLC, United Midwest Savings Bank National Association, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 84 loans totaling $42.2M to businesses in this industry. Average loan size: $503K. Average rate: 9.15%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
84
Total $
$42.2M
Avg loan
$503K
Avg rate
9.15%
Avg term
122 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Readycap Lending, LLC | 6 | $1.1M | $181K | 11.00% | 0.00% |
| 2 | United Midwest Savings Bank National Association | 6 | $800K | $133K | 8.00% | 0.00% |
| 3 | The Huntington National Bank | 6 | $405K | $68K | 9.58% | 0.00% |
| 4 | Northeast Bank | 4 | $800K | $200K | 10.88% | — |
| 5 | Cadence Bank | 4 | $995K | $249K | 9.56% | 0.00% |
| 6 | TD Bank, National Association | 4 | $700K | $175K | 10.10% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 3 | $403K | $134K | 11.17% | 0.00% |
| 8 | Live Oak Banking Company | 3 | $7.6M | $2.5M | 7.92% | 0.00% |
| 9 | Simmons Bank | 3 | $2.5M | $818K | 8.33% | 0.00% |
| 10 | BayFirst National Bank | 3 | $522K | $174K | 10.17% | 0.00% |
| 11 | U.S. Bank, National Association | 3 | $350K | $117K | 5.58% | 0.00% |
| 12 | Lendistry SBLC, LLC | 2 | $403K | $201K | 12.13% | — |
| 13 | Newtek Small Business Finance, Inc. | 2 | $2.4M | $1.2M | 8.25% | 0.00% |
| 14 | Colony Bank | 2 | $300K | $150K | 11.50% | — |
| 15 | Evolve Bank and Trust | 2 | $1.4M | $718K | 8.63% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 541214. Charge-off rates are calculated on the FY2020–FY2023 cohort only.