Best SBA 7(a) lenders for exam preparation and tutoring
The top SBA 7(a) lenders for exam preparation and tutoring (NAICS 611691) are United Midwest Savings Bank National Association, The Huntington National Bank, BayFirst National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 348 loans totaling $94.5M to businesses in this industry. Average loan size: $272K. Average rate: 9.07%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.60%.
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.