Best SBA 7(a) lenders for computer training
The top SBA 7(a) lenders for computer training (NAICS 611420) are The Huntington National Bank, Newtek Bank, National Association, Readycap Lending, LLC, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 74 loans totaling $27.7M to businesses in this industry. Average loan size: $375K. Average rate: 8.91%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.65%.
Loans
74
Total $
$27.7M
Avg loan
$375K
Avg rate
8.91%
Avg term
120 mo
Industry chg-off rate
4.65%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 11 | $1.7M | $152K | 9.48% | 0.00% |
| 2 | Newtek Bank, National Association | 8 | $4.0M | $500K | 11.25% | — |
| 3 | Readycap Lending, LLC | 5 | $1.1M | $230K | 13.00% | — |
| 4 | Cadence Bank | 3 | $1.1M | $375K | 10.58% | 100.00% |
| 5 | U.S. Bank, National Association | 3 | $120K | $40K | 10.08% | 0.00% |
| 6 | Celtic Bank Corporation | 3 | $5.3M | $1.8M | 7.92% | 33.33% |
| 7 | JPMorgan Chase Bank, National Association | 3 | $530K | $177K | 10.19% | 0.00% |
| 8 | Wells Fargo Bank National Association | 3 | $45K | $15K | 10.50% | 0.00% |
| 9 | The First National Bank of McGregor d/b/a TFNB Your Bank for | 3 | $388K | $129K | 5.83% | 0.00% |
| 10 | Northeast Bank | 2 | $320K | $160K | 10.50% | — |
| 11 | United Community Bank | 2 | $565K | $283K | 6.00% | 0.00% |
| 12 | First-Citizens Bank & Trust Company | 2 | $653K | $327K | 6.38% | 0.00% |
| 13 | IncredibleBank | 2 | $801K | $401K | 5.88% | 0.00% |
| 14 | First Bank of the Lake | 2 | $288K | $144K | 10.25% | 0.00% |
| 15 | American Continental Bank | 1 | $560K | $560K | 4.25% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 611420. Charge-off rates are calculated on the FY2020–FY2023 cohort only.