Best SBA 7(a) lenders for other technical and trade schools
The top SBA 7(a) lenders for other technical and trade schools (NAICS 611519) are Newtek Bank, National Association, The Huntington National Bank, Manufacturers and Traders Trust Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 262 loans totaling $115.1M to businesses in this industry. Average loan size: $439K. Average rate: 9.63%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.64%.
Loans
262
Total $
$115.1M
Avg loan
$439K
Avg rate
9.63%
Avg term
127 mo
Industry chg-off rate
3.64%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 70 | $22.1M | $315K | 11.52% | 0.00% |
| 2 | The Huntington National Bank | 21 | $5.3M | $253K | 8.26% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 15 | $1.3M | $85K | 10.18% | 0.00% |
| 4 | U.S. Bank, National Association | 11 | $2.1M | $193K | 8.61% | 25.00% |
| 5 | Readycap Lending, LLC | 9 | $11.2M | $1.2M | 10.83% | 0.00% |
| 6 | TD Bank, National Association | 9 | $3.6M | $400K | 11.39% | 0.00% |
| 7 | Wells Fargo Bank National Association | 9 | $1.4M | $160K | 10.87% | 0.00% |
| 8 | Banco Popular de Puerto Rico | 7 | $1.8M | $254K | 7.05% | 0.00% |
| 9 | Live Oak Banking Company | 5 | $4.2M | $830K | 9.70% | — |
| 10 | Celtic Bank Corporation | 4 | $578K | $144K | 9.94% | 0.00% |
| 11 | Cadence Bank | 4 | $2.7M | $676K | 6.88% | 0.00% |
| 12 | CDC Small Business Finance Corp. | 4 | $930K | $233K | 10.50% | 25.00% |
| 13 | Columbia Bank | 4 | $1.3M | $315K | 7.25% | 0.00% |
| 14 | JPMorgan Chase Bank, National Association | 4 | $598K | $150K | 12.15% | 0.00% |
| 15 | KeyBank National Association | 4 | $1.3M | $336K | 7.18% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 611519. Charge-off rates are calculated on the FY2020–FY2023 cohort only.