Best SBA 7(a) lenders for remediation services
The top SBA 7(a) lenders for remediation services (NAICS 562910) are United Midwest Savings Bank National Association, The Huntington National Bank, Live Oak Banking Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,008 loans totaling $423.8M to businesses in this industry. Average loan size: $420K. Average rate: 8.73%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.46%.
Loans
1,008
Total $
$423.8M
Avg loan
$420K
Avg rate
8.73%
Avg term
124 mo
Industry chg-off rate
4.46%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 180 | $27.3M | $152K | 7.04% | 11.88% |
| 2 | The Huntington National Bank | 170 | $29.9M | $176K | 9.49% | 2.30% |
| 3 | Live Oak Banking Company | 113 | $80.1M | $709K | 8.88% | 0.00% |
| 4 | TD Bank, National Association | 35 | $5.9M | $168K | 10.38% | 0.00% |
| 5 | BayFirst National Bank | 26 | $6.0M | $232K | 11.19% | 0.00% |
| 6 | Newtek Bank, National Association | 25 | $19.3M | $773K | 11.51% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 24 | $9.2M | $384K | 10.37% | 28.57% |
| 8 | U.S. Bank, National Association | 22 | $18.5M | $843K | 7.95% | 11.11% |
| 9 | First Bank of the Lake | 21 | $15.4M | $735K | 10.44% | 0.00% |
| 10 | Manufacturers and Traders Trust Company | 19 | $2.4M | $125K | 9.74% | 0.00% |
| 11 | Readycap Lending, LLC | 17 | $4.2M | $244K | 10.53% | 0.00% |
| 12 | KeyBank National Association | 16 | $5.3M | $329K | 8.30% | 0.00% |
| 13 | Wells Fargo Bank National Association | 16 | $5.4M | $340K | 8.78% | 0.00% |
| 14 | Bank of America, National Association | 13 | $5.0M | $383K | 6.34% | 0.00% |
| 15 | CDC Small Business Finance Corp. | 13 | $2.9M | $225K | 10.58% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 562910. Charge-off rates are calculated on the FY2020–FY2023 cohort only.