Best SBA 7(a) lenders for private mail centers
The top SBA 7(a) lenders for private mail centers (NAICS 561431) are The Huntington National Bank, Bank of America, National Association, United Community Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 895 loans totaling $318.7M to businesses in this industry. Average loan size: $356K. Average rate: 8.48%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.05%.
Loans
895
Total $
$318.7M
Avg loan
$356K
Avg rate
8.48%
Avg term
121 mo
Industry chg-off rate
1.05%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 148 | $29.3M | $198K | 9.32% | 0.00% |
| 2 | Bank of America, National Association | 76 | $42.2M | $555K | 6.74% | 0.00% |
| 3 | United Community Bank | 56 | $23.6M | $422K | 8.38% | 0.00% |
| 4 | U.S. Bank, National Association | 42 | $12.2M | $291K | 8.12% | 0.00% |
| 5 | Citizens Bank | 30 | $14.4M | $478K | 9.12% | 0.00% |
| 6 | Merchants Bank of Indiana | 28 | $12.8M | $458K | 9.13% | 0.00% |
| 7 | Cadence Bank | 27 | $16.2M | $600K | 8.76% | 0.00% |
| 8 | Newtek Bank, National Association | 23 | $6.0M | $260K | 11.33% | 0.00% |
| 9 | Wells Fargo Bank National Association | 21 | $5.6M | $267K | 7.00% | 15.38% |
| 10 | TD Bank, National Association | 20 | $4.7M | $233K | 8.98% | 9.09% |
| 11 | Manufacturers and Traders Trust Company | 20 | $4.1M | $207K | 8.57% | 9.09% |
| 12 | The Bancorp Bank National Association | 19 | $7.7M | $404K | 6.68% | 0.00% |
| 13 | Columbia Bank | 14 | $4.0M | $285K | 9.02% | 0.00% |
| 14 | BayFirst National Bank | 12 | $2.7M | $228K | 8.98% | 0.00% |
| 15 | Live Oak Banking Company | 12 | $9.1M | $759K | 8.71% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561431. Charge-off rates are calculated on the FY2020–FY2023 cohort only.