Best SBA 7(a) lenders for collection agencies
The top SBA 7(a) lenders for collection agencies (NAICS 561440) are The Huntington National Bank, Meridian Bank, Manufacturers and Traders Trust Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 63 loans totaling $53.1M to businesses in this industry. Average loan size: $843K. Average rate: 8.64%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
63
Total $
$53.1M
Avg loan
$843K
Avg rate
8.64%
Avg term
133 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 | The Huntington National Bank | 7 | $7.5M | $1.1M | 9.21% | 0.00% |
| 2 | Meridian Bank | 4 | $4.3M | $1.1M | 7.81% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 3 | $165K | $55K | 11.16% | — |
| 4 | First Commonwealth Bank | 3 | $1.3M | $442K | 6.00% | 0.00% |
| 5 | Readycap Lending, LLC | 3 | $762K | $254K | 12.75% | — |
| 6 | KeyBank National Association | 3 | $4.1M | $1.4M | 6.25% | 0.00% |
| 7 | BayFirst National Bank | 2 | $222K | $111K | 13.25% | — |
| 8 | Sunflower Bank National Association | 2 | $3.2M | $1.6M | 5.12% | 0.00% |
| 9 | The Bancorp Bank National Association | 2 | $966K | $483K | 9.00% | — |
| 10 | U.S. Bank, National Association | 2 | $1.7M | $874K | 5.75% | 0.00% |
| 11 | Wells Fargo Bank National Association | 2 | $1.9M | $935K | 4.92% | 0.00% |
| 12 | Live Oak Banking Company | 2 | $2.2M | $1.1M | 9.00% | 0.00% |
| 13 | Newtek Bank, National Association | 2 | $1.8M | $875K | 12.00% | — |
| 14 | Cadence Bank | 1 | $350K | $350K | 6.25% | 0.00% |
| 15 | Byline Bank | 1 | $4.1M | $4.1M | 11.00% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561440. Charge-off rates are calculated on the FY2020–FY2023 cohort only.