Best SBA 7(a) lenders for janitorial services
The top SBA 7(a) lenders for janitorial services (NAICS 561720) are The Huntington National Bank, United Midwest Savings Bank National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 2,945 loans totaling $765.9M to businesses in this industry. Average loan size: $260K. Average rate: 9.50%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.30%.
Loans
2,945
Total $
$765.9M
Avg loan
$260K
Avg rate
9.50%
Avg term
120 mo
Industry chg-off rate
4.30%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 314 | $44.1M | $141K | 8.99% | 3.80% |
| 2 | United Midwest Savings Bank National Association | 250 | $39.5M | $158K | 8.79% | 8.78% |
| 3 | TD Bank, National Association | 205 | $21.1M | $103K | 10.93% | 10.00% |
| 4 | Wells Fargo Bank National Association | 127 | $19.8M | $156K | 10.56% | 3.45% |
| 5 | U.S. Bank, National Association | 126 | $19.2M | $152K | 8.85% | 3.51% |
| 6 | Northeast Bank | 117 | $14.9M | $128K | 10.80% | 12.50% |
| 7 | Newtek Bank, National Association | 115 | $27.6M | $240K | 11.78% | 0.00% |
| 8 | Readycap Lending, LLC | 111 | $20.1M | $181K | 12.58% | 8.33% |
| 9 | Manufacturers and Traders Trust Company | 105 | $11.7M | $111K | 11.01% | 1.85% |
| 10 | BayFirst National Bank | 100 | $16.7M | $167K | 11.50% | 8.33% |
| 11 | JPMorgan Chase Bank, National Association | 69 | $15.7M | $228K | 11.18% | 7.41% |
| 12 | Live Oak Banking Company | 65 | $46.7M | $719K | 8.72% | 0.00% |
| 13 | Eastern Bank | 50 | $3.2M | $65K | 9.44% | 0.00% |
| 14 | Bank of America, National Association | 48 | $15.9M | $330K | 7.26% | 0.00% |
| 15 | First Bank of the Lake | 40 | $11.8M | $296K | 10.82% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561720. Charge-off rates are calculated on the FY2020–FY2023 cohort only.