Best SBA 7(a) lenders for offices of optometrists
The top SBA 7(a) lenders for offices of optometrists (NAICS 621320) are The Huntington National Bank, Wells Fargo Bank National Association, Live Oak Banking Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 708 loans totaling $380.2M to businesses in this industry. Average loan size: $537K. Average rate: 7.98%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.23%.
Loans
708
Total $
$380.2M
Avg loan
$537K
Avg rate
7.98%
Avg term
157 mo
Industry chg-off rate
0.23%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 62 | $31.1M | $502K | 7.68% | 0.00% |
| 2 | Wells Fargo Bank National Association | 41 | $39.9M | $974K | 6.53% | 0.00% |
| 3 | Live Oak Banking Company | 30 | $41.8M | $1.4M | 6.87% | 0.00% |
| 4 | Newtek Bank, National Association | 26 | $8.7M | $336K | 11.23% | 0.00% |
| 5 | Stearns Bank National Association | 23 | $4.1M | $177K | 10.40% | 0.00% |
| 6 | BayFirst National Bank | 21 | $2.8M | $135K | 12.12% | 0.00% |
| 7 | Northeast Bank | 20 | $3.9M | $194K | 10.82% | — |
| 8 | Readycap Lending, LLC | 18 | $3.6M | $201K | 12.15% | 25.00% |
| 9 | JPMorgan Chase Bank, National Association | 17 | $5.3M | $313K | 9.02% | 0.00% |
| 10 | TD Bank, National Association | 15 | $8.3M | $554K | 9.42% | 0.00% |
| 11 | U.S. Bank, National Association | 15 | $6.1M | $409K | 8.57% | 0.00% |
| 12 | Fifth Third Bank | 14 | $15.7M | $1.1M | 8.17% | 0.00% |
| 13 | Meridian Bank | 13 | $5.9M | $455K | 7.50% | 0.00% |
| 14 | Manufacturers and Traders Trust Company | 11 | $1.1M | $100K | 10.84% | 0.00% |
| 15 | Byline Bank | 10 | $5.9M | $587K | 7.03% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 621320. Charge-off rates are calculated on the FY2020–FY2023 cohort only.