Best SBA 7(a) lenders for carpet and upholstery cleaning services
The top SBA 7(a) lenders for carpet and upholstery cleaning services (NAICS 561740) are The Huntington National Bank, U.S. Bank, National Association, United Midwest Savings Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 467 loans totaling $151.2M to businesses in this industry. Average loan size: $324K. Average rate: 8.86%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.43%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 62 | $7.0M | $114K | 9.04% | 0.00% |
| 2 | U.S. Bank, National Association | 28 | $7.1M | $253K | 8.03% | 0.00% |
| 3 | United Midwest Savings Bank National Association | 26 | $6.0M | $231K | 8.65% | 5.88% |
| 4 | Northeast Bank | 22 | $2.3M | $103K | 10.73% | 0.00% |
| 5 | TD Bank, National Association | 22 | $5.8M | $265K | 10.38% | 0.00% |
| 6 | Live Oak Banking Company | 13 | $9.2M | $709K | 7.82% | 0.00% |
| 7 | Wells Fargo Bank National Association | 13 | $1.7M | $129K | 10.09% | 12.50% |
| 8 | Readycap Lending, LLC | 12 | $2.8M | $236K | 12.58% | 0.00% |
| 9 | BayFirst National Bank | 11 | $1.9M | $169K | 10.34% | 0.00% |
| 10 | Newtek Bank, National Association | 11 | $6.8M | $619K | 10.64% | — |
| 11 | JPMorgan Chase Bank, National Association | 8 | $1.8M | $228K | 11.45% | 0.00% |
| 12 | Columbia Bank | 7 | $2.5M | $364K | 7.93% | 0.00% |
| 13 | Cadence Bank | 7 | $2.2M | $313K | 9.46% | 0.00% |
| 14 | Manufacturers and Traders Trust Company | 6 | $328K | $55K | 11.08% | 0.00% |
| 15 | Zions Bank, A Division of | 6 | $719K | $120K | 10.22% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561740. Charge-off rates are calculated on the FY2020–FY2023 cohort only.