Best SBA 7(a) lenders for offices of physicians (except mental health specialists)
The top SBA 7(a) lenders for offices of physicians (except mental health specialists) (NAICS 621111) are The Huntington National Bank, Newtek Bank, National Association, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 3,986 loans totaling $2.40B to businesses in this industry. Average loan size: $602K. Average rate: 8.23%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.17%.
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.