Best SBA 7(a) lenders for carpet and upholstery cleaning services
NAICS 561740 — Carpet and Upholstery Cleaning Services.
467 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $151.2M.
Loans
467
Total $
$151.2M
Avg loan
$324K
Avg rate
8.86%
Avg term
121 mo
Industry chg-off rate
2.43%
FY20–FY23 cohort
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.