Best SBA 7(a) lenders for offices of physicians, mental health specialists
The top SBA 7(a) lenders for offices of physicians, mental health specialists (NAICS 621112) are Northeast Bank, The Huntington National Bank, Readycap Lending, LLC, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 596 loans totaling $220.4M to businesses in this industry. Average loan size: $370K. Average rate: 8.86%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.72%.
Loans
596
Total $
$220.4M
Avg loan
$370K
Avg rate
8.86%
Avg term
154 mo
Industry chg-off rate
1.72%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 41 | $6.0M | $147K | 10.80% | 0.00% |
| 2 | The Huntington National Bank | 38 | $13.6M | $359K | 8.55% | 0.00% |
| 3 | Readycap Lending, LLC | 25 | $7.5M | $298K | 12.45% | 0.00% |
| 4 | Celtic Bank Corporation | 24 | $6.3M | $263K | 9.76% | 10.00% |
| 5 | JPMorgan Chase Bank, National Association | 24 | $5.9M | $246K | 10.24% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 23 | $2.2M | $94K | 11.11% | 0.00% |
| 7 | Wells Fargo Bank National Association | 22 | $9.6M | $435K | 7.06% | 0.00% |
| 8 | Bank of America, National Association | 22 | $8.9M | $403K | 6.01% | 0.00% |
| 9 | U.S. Bank, National Association | 18 | $17.3M | $962K | 7.43% | 8.33% |
| 10 | TD Bank, National Association | 16 | $1.9M | $119K | 9.59% | 0.00% |
| 11 | PNC Bank, National Association | 15 | $9.1M | $609K | 4.82% | 0.00% |
| 12 | Zions Bank, A Division of | 14 | $3.3M | $235K | 9.59% | 0.00% |
| 13 | Newtek Bank, National Association | 14 | $4.8M | $339K | 11.34% | 0.00% |
| 14 | BayFirst National Bank | 12 | $2.0M | $166K | 12.54% | 0.00% |
| 15 | Cadence Bank | 12 | $3.5M | $291K | 9.55% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 621112. Charge-off rates are calculated on the FY2020–FY2023 cohort only.