Best SBA 7(a) lenders for exam preparation and tutoring
NAICS 611691 — Exam Preparation and Tutoring.
348 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $94.5M.
Loans
348
Total $
$94.5M
Avg loan
$272K
Avg rate
9.07%
Avg term
123 mo
Industry chg-off rate
1.60%
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 | 22 | $3.2M | $147K | 6.69% | 5.00% |
| 2 | The Huntington National Bank | 20 | $4.6M | $228K | 8.05% | 0.00% |
| 3 | BayFirst National Bank | 19 | $2.5M | $131K | 11.66% | 0.00% |
| 4 | Manufacturers and Traders Trust Company | 15 | $1.1M | $76K | 8.42% | 0.00% |
| 5 | TD Bank, National Association | 15 | $1.8M | $118K | 11.61% | 0.00% |
| 6 | U.S. Bank, National Association | 15 | $2.8M | $187K | 8.75% | 0.00% |
| 7 | Readycap Lending, LLC | 12 | $1.6M | $130K | 11.31% | 20.00% |
| 8 | Newtek Bank, National Association | 11 | $1.7M | $154K | 11.55% | 0.00% |
| 9 | Northeast Bank | 10 | $1.2M | $118K | 10.82% | — |
| 10 | Wells Fargo Bank National Association | 10 | $1.1M | $112K | 8.19% | 11.11% |
| 11 | JPMorgan Chase Bank, National Association | 9 | $1.9M | $213K | 9.96% | 0.00% |
| 12 | PNC Bank, National Association | 8 | $1.2M | $145K | 9.33% | 0.00% |
| 13 | First Bank of the Lake | 7 | $2.2M | $312K | 10.82% | 0.00% |
| 14 | Cadence Bank | 7 | $1.7M | $243K | 7.57% | 0.00% |
| 15 | Live Oak Banking Company | 6 | $5.9M | $987K | 9.69% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 611691. Charge-off rates are calculated on the FY2020–FY2023 cohort only.