Best SBA 7(a) lenders for testing laboratories
The top SBA 7(a) lenders for testing laboratories (NAICS 541380) are U.S. Bank, National Association, 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 282 loans totaling $169.2M to businesses in this industry. Average loan size: $600K. Average rate: 8.12%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.59%.
Loans
282
Total $
$169.2M
Avg loan
$600K
Avg rate
8.12%
Avg term
127 mo
Industry chg-off rate
0.59%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 18 | $14.7M | $817K | 7.41% | 0.00% |
| 2 | The Huntington National Bank | 13 | $2.7M | $208K | 9.75% | 0.00% |
| 3 | Newtek Bank, National Association | 11 | $5.0M | $454K | 10.89% | 0.00% |
| 4 | Bank of America, National Association | 10 | $8.2M | $819K | 7.72% | 0.00% |
| 5 | Wells Fargo Bank National Association | 10 | $5.6M | $562K | 7.69% | 0.00% |
| 6 | KeyBank National Association | 9 | $5.4M | $596K | 7.79% | 0.00% |
| 7 | Newtek Small Business Finance, Inc. | 7 | $3.0M | $424K | 7.39% | 0.00% |
| 8 | Zions Bank, A Division of | 6 | $3.1M | $514K | 8.17% | 0.00% |
| 9 | Northeast Bank | 6 | $1.1M | $179K | 10.71% | — |
| 10 | Exchange Bank | 6 | $4.5M | $750K | 6.29% | 0.00% |
| 11 | First National Bank of Omaha | 6 | $2.6M | $428K | 4.50% | 0.00% |
| 12 | Manufacturers and Traders Trust Company | 5 | $282K | $56K | 11.55% | 0.00% |
| 13 | Frost Bank | 5 | $2.0M | $402K | 6.45% | 0.00% |
| 14 | BOKF, National Association | 5 | $2.8M | $569K | 8.60% | 0.00% |
| 15 | BayFirst National Bank | 4 | $844K | $211K | 9.06% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 541380. Charge-off rates are calculated on the FY2020–FY2023 cohort only.