Best SBA 7(a) lenders for elementary and secondary schools
The top SBA 7(a) lenders for elementary and secondary schools (NAICS 611110) are The Huntington National Bank, SouthState Bank, National Association, BayFirst National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 354 loans totaling $319.8M to businesses in this industry. Average loan size: $904K. Average rate: 8.32%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.52%.
Loans
354
Total $
$319.8M
Avg loan
$904K
Avg rate
8.32%
Avg term
167 mo
Industry chg-off rate
1.52%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 30 | $14.0M | $466K | 8.27% | 0.00% |
| 2 | SouthState Bank, National Association | 11 | $5.8M | $530K | 8.45% | 0.00% |
| 3 | BayFirst National Bank | 10 | $2.6M | $262K | 11.63% | 0.00% |
| 4 | U.S. Bank, National Association | 10 | $7.6M | $761K | 7.80% | 0.00% |
| 5 | Newtek Bank, National Association | 9 | $6.4M | $707K | 11.75% | 0.00% |
| 6 | Celtic Bank Corporation | 8 | $6.7M | $841K | 8.63% | 0.00% |
| 7 | Live Oak Banking Company | 8 | $12.1M | $1.5M | 8.13% | 0.00% |
| 8 | Readycap Lending, LLC | 8 | $5.0M | $622K | 11.06% | 0.00% |
| 9 | Banco Popular de Puerto Rico | 7 | $979K | $140K | 9.04% | 50.00% |
| 10 | TD Bank, National Association | 6 | $1.9M | $324K | 7.99% | 0.00% |
| 11 | Bank Five Nine | 5 | $1.5M | $308K | 6.42% | 0.00% |
| 12 | CDC Small Business Finance Corp. | 5 | $853K | $171K | 9.05% | 0.00% |
| 13 | Zions Bank, A Division of | 5 | $530K | $106K | 9.10% | 0.00% |
| 14 | Pinnacle Bank | 5 | $8.0M | $1.6M | 6.90% | 0.00% |
| 15 | Hanover Community Bank | 5 | $3.3M | $664K | 6.80% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 611110. Charge-off rates are calculated on the FY2020–FY2023 cohort only.