Best SBA 7(a) lenders for engineering services
The top SBA 7(a) lenders for engineering services (NAICS 541330) are The Huntington National Bank, U.S. Bank, National Association, Newtek Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,607 loans totaling $921.2M to businesses in this industry. Average loan size: $573K. Average rate: 8.73%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.14%.
Loans
1,607
Total $
$921.2M
Avg loan
$573K
Avg rate
8.73%
Avg term
129 mo
Industry chg-off rate
1.14%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 99 | $36.3M | $367K | 8.17% | 0.00% |
| 2 | U.S. Bank, National Association | 76 | $28.8M | $379K | 7.92% | 0.00% |
| 3 | Newtek Bank, National Association | 73 | $49.8M | $682K | 11.30% | 0.00% |
| 4 | Wells Fargo Bank National Association | 70 | $16.5M | $236K | 9.38% | 4.00% |
| 5 | JPMorgan Chase Bank, National Association | 60 | $22.8M | $380K | 9.67% | 0.00% |
| 6 | BayFirst National Bank | 55 | $10.1M | $183K | 10.80% | 10.71% |
| 7 | Bank of America, National Association | 49 | $24.2M | $493K | 7.28% | 0.00% |
| 8 | TD Bank, National Association | 49 | $9.2M | $188K | 9.78% | 4.17% |
| 9 | Manufacturers and Traders Trust Company | 46 | $9.8M | $212K | 9.00% | 0.00% |
| 10 | Live Oak Banking Company | 41 | $71.3M | $1.7M | 8.38% | 0.00% |
| 11 | Northeast Bank | 38 | $7.3M | $193K | 10.63% | 0.00% |
| 12 | PNC Bank, National Association | 30 | $4.8M | $158K | 8.49% | 0.00% |
| 13 | Readycap Lending, LLC | 29 | $5.6M | $193K | 12.10% | 0.00% |
| 14 | Newtek Small Business Finance, Inc. | 28 | $31.9M | $1.1M | 7.96% | 0.00% |
| 15 | Zions Bank, A Division of | 27 | $7.6M | $283K | 9.74% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 541330. Charge-off rates are calculated on the FY2020–FY2023 cohort only.