Best SBA 7(a) lenders for veterinary services
The top SBA 7(a) lenders for veterinary services (NAICS 541940) are Live Oak Banking Company, The Huntington National Bank, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,636 loans totaling $1.98B to businesses in this industry. Average loan size: $1.2M. Average rate: 7.10%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.30%.
Loans
1,636
Total $
$1.98B
Avg loan
$1.2M
Avg rate
7.10%
Avg term
202 mo
Industry chg-off rate
0.30%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 384 | $856.5M | $2.2M | 7.01% | 0.00% |
| 2 | The Huntington National Bank | 116 | $71.8M | $619K | 7.34% | 2.78% |
| 3 | Wells Fargo Bank National Association | 63 | $81.2M | $1.3M | 6.11% | 0.00% |
| 4 | Fifth Third Bank | 50 | $100.4M | $2.0M | 7.73% | — |
| 5 | United Community Bank | 50 | $73.4M | $1.5M | 7.07% | 0.00% |
| 6 | Bank of America, National Association | 47 | $37.7M | $802K | 5.36% | 0.00% |
| 7 | First Financial Bank | 37 | $30.6M | $827K | 5.93% | 0.00% |
| 8 | Banc of California | 34 | $65.6M | $1.9M | 5.45% | 0.00% |
| 9 | PNC Bank, National Association | 34 | $67.3M | $2.0M | 4.37% | 0.00% |
| 10 | TD Bank, National Association | 31 | $11.5M | $370K | 8.79% | 0.00% |
| 11 | Firstrust Savings Bank | 28 | $57.6M | $2.1M | 5.98% | 0.00% |
| 12 | BayFirst National Bank | 28 | $14.4M | $516K | 9.51% | 0.00% |
| 13 | U.S. Bank, National Association | 26 | $16.1M | $619K | 6.96% | 0.00% |
| 14 | Manufacturers and Traders Trust Company | 24 | $6.4M | $266K | 10.01% | 0.00% |
| 15 | Northeast Bank | 21 | $3.3M | $158K | 10.87% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 541940. Charge-off rates are calculated on the FY2020–FY2023 cohort only.