Best SBA 7(a) lenders for locksmiths
The top SBA 7(a) lenders for locksmiths (NAICS 561622) are Northeast Bank, Newtek Bank, National Association, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 155 loans totaling $56.7M to businesses in this industry. Average loan size: $366K. Average rate: 9.13%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
155
Total $
$56.7M
Avg loan
$366K
Avg rate
9.13%
Avg term
126 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 | Northeast Bank | 12 | $1.4M | $116K | 11.10% | 0.00% |
| 2 | Newtek Bank, National Association | 10 | $1.8M | $180K | 11.53% | 0.00% |
| 3 | The Huntington National Bank | 9 | $738K | $82K | 8.57% | 0.00% |
| 4 | U.S. Bank, National Association | 8 | $5.8M | $724K | 7.06% | 0.00% |
| 5 | TD Bank, National Association | 7 | $375K | $54K | 11.86% | 0.00% |
| 6 | First Commonwealth Bank | 6 | $3.8M | $627K | 9.00% | — |
| 7 | Wells Fargo Bank National Association | 5 | $60K | $12K | 11.20% | 0.00% |
| 8 | Columbia Bank | 5 | $1.3M | $264K | 6.55% | 0.00% |
| 9 | BayFirst National Bank | 4 | $574K | $144K | 10.13% | 0.00% |
| 10 | United Midwest Savings Bank National Association | 4 | $1.2M | $294K | 7.25% | 0.00% |
| 11 | Banner Bank | 3 | $303K | $101K | 7.66% | 0.00% |
| 12 | Cadence Bank | 3 | $929K | $310K | 8.92% | 0.00% |
| 13 | Manufacturers and Traders Trust Company | 3 | $71K | $24K | 9.00% | 0.00% |
| 14 | Bank of America, National Association | 3 | $731K | $244K | 7.99% | 0.00% |
| 15 | JPMorgan Chase Bank, National Association | 3 | $300K | $100K | 13.70% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561622. Charge-off rates are calculated on the FY2020–FY2023 cohort only.