Best SBA 7(a) lenders for sports and recreation instruction
The top SBA 7(a) lenders for sports and recreation instruction (NAICS 611620) are The Huntington National Bank, Wells Fargo Bank National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,541 loans totaling $729.2M to businesses in this industry. Average loan size: $473K. Average rate: 8.87%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.02%.
Loans
1,541
Total $
$729.2M
Avg loan
$473K
Avg rate
8.87%
Avg term
136 mo
Industry chg-off rate
2.02%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 176 | $39.4M | $224K | 8.73% | 4.55% |
| 2 | Wells Fargo Bank National Association | 77 | $34.8M | $451K | 9.18% | 12.50% |
| 3 | TD Bank, National Association | 77 | $14.4M | $187K | 10.24% | 5.26% |
| 4 | Manufacturers and Traders Trust Company | 66 | $9.0M | $136K | 10.68% | 3.57% |
| 5 | U.S. Bank, National Association | 60 | $7.5M | $126K | 8.76% | 0.00% |
| 6 | Newtek Bank, National Association | 45 | $14.0M | $312K | 11.53% | 0.00% |
| 7 | Northeast Bank | 43 | $3.4M | $78K | 11.03% | 0.00% |
| 8 | KeyBank National Association | 37 | $25.9M | $701K | 7.16% | 0.00% |
| 9 | United Midwest Savings Bank National Association | 36 | $5.3M | $148K | 9.31% | 0.00% |
| 10 | Readycap Lending, LLC | 30 | $4.0M | $132K | 12.68% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 27 | $9.5M | $351K | 10.07% | 0.00% |
| 12 | BayFirst National Bank | 25 | $3.3M | $132K | 11.14% | 0.00% |
| 13 | Newtek Small Business Finance, Inc. | 21 | $3.2M | $154K | 6.81% | 0.00% |
| 14 | Live Oak Banking Company | 21 | $41.1M | $2.0M | 8.72% | 0.00% |
| 15 | Cadence Bank | 19 | $5.8M | $307K | 8.32% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 611620. Charge-off rates are calculated on the FY2020–FY2023 cohort only.