Best SBA 7(a) lenders for offices of physicians (except mental health specialists)
NAICS 621111 — Offices of Physicians (except Mental Health Specialists).
3,986 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $2.40B.
Loans
3,986
Total $
$2.40B
Avg loan
$602K
Avg rate
8.23%
Avg term
159 mo
Industry chg-off rate
1.17%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 258 | $117.8M | $457K | 8.15% | 2.56% |
| 2 | Newtek Bank, National Association | 246 | $148.1M | $602K | 11.24% | 0.00% |
| 3 | Wells Fargo Bank National Association | 194 | $145.9M | $752K | 7.21% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 150 | $71.1M | $474K | 8.86% | 0.00% |
| 5 | Banco Popular de Puerto Rico | 148 | $22.1M | $149K | 9.86% | 0.00% |
| 6 | U.S. Bank, National Association | 145 | $97.4M | $672K | 6.96% | 0.00% |
| 7 | TD Bank, National Association | 121 | $52.9M | $437K | 9.22% | 1.41% |
| 8 | BayFirst National Bank | 119 | $25.8M | $217K | 11.36% | 3.85% |
| 9 | Oriental Bank | 111 | $21.6M | $194K | 6.83% | 0.00% |
| 10 | Bank of America, National Association | 105 | $81.9M | $780K | 5.15% | 0.00% |
| 11 | Northeast Bank | 85 | $15.6M | $183K | 10.87% | 0.00% |
| 12 | Readycap Lending, LLC | 81 | $34.8M | $430K | 11.88% | 0.00% |
| 13 | Manufacturers and Traders Trust Company | 78 | $6.9M | $88K | 10.03% | 0.00% |
| 14 | Live Oak Banking Company | 75 | $142.5M | $1.9M | 7.55% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 59 | $44.2M | $749K | 7.47% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 621111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.