Best SBA 7(a) lenders for residential mental retardation facilities
The top SBA 7(a) lenders for residential mental retardation facilities (NAICS 623210) are The Huntington National Bank, Peoples National 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 173 loans totaling $126.9M to businesses in this industry. Average loan size: $734K. Average rate: 8.31%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
173
Total $
$126.9M
Avg loan
$734K
Avg rate
8.31%
Avg term
204 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 11 | $1.4M | $131K | 10.05% | 0.00% |
| 2 | Peoples National Bank National Association | 7 | $9.6M | $1.4M | 7.79% | 0.00% |
| 3 | Live Oak Banking Company | 7 | $10.2M | $1.5M | 9.57% | — |
| 4 | Harvest Small Business Finance, LLC | 7 | $5.3M | $754K | 6.61% | 0.00% |
| 5 | Newtek Bank, National Association | 7 | $2.5M | $353K | 10.89% | 0.00% |
| 6 | Wells Fargo Bank National Association | 6 | $2.9M | $477K | 7.90% | 0.00% |
| 7 | First Bank | 6 | $3.4M | $559K | 5.50% | 0.00% |
| 8 | Columbia Bank | 6 | $4.3M | $713K | 7.00% | 0.00% |
| 9 | Newtek Small Business Finance, Inc. | 6 | $4.9M | $817K | 7.29% | 0.00% |
| 10 | CalPrivate Bank | 5 | $7.5M | $1.5M | 6.75% | 0.00% |
| 11 | Hiawatha National Bank | 5 | $2.9M | $587K | 6.25% | 0.00% |
| 12 | Northeast Bank | 4 | $4.4M | $1.1M | 9.63% | 0.00% |
| 13 | BMO Bank National Association | 4 | $5.1M | $1.3M | 6.59% | 0.00% |
| 14 | Manufacturers and Traders Trust Company | 4 | $2.6M | $654K | 9.31% | 0.00% |
| 15 | Celtic Bank Corporation | 4 | $3.7M | $923K | 9.25% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 623210. Charge-off rates are calculated on the FY2020–FY2023 cohort only.