Best SBA 7(a) lenders for other residential care facilities
NAICS 623990 — Other Residential Care Facilities.
200 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $135.6M.
Loans
200
Total $
$135.6M
Avg loan
$678K
Avg rate
8.61%
Avg term
202 mo
Industry chg-off rate
0.84%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Columbia Bank | 29 | $33.6M | $1.2M | 6.18% | 0.00% |
| 2 | The Huntington National Bank | 17 | $4.8M | $283K | 8.25% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 14 | $929K | $66K | 11.21% | 12.50% |
| 4 | Wells Fargo Bank National Association | 11 | $170K | $15K | 11.52% | 0.00% |
| 5 | Newtek Bank, National Association | 8 | $3.5M | $442K | 12.06% | 0.00% |
| 6 | Gesa CU | 7 | $8.3M | $1.2M | 8.04% | 0.00% |
| 7 | Celtic Bank Corporation | 7 | $12.3M | $1.8M | 6.64% | 0.00% |
| 8 | Live Oak Banking Company | 7 | $9.9M | $1.4M | 6.82% | 0.00% |
| 9 | First Savings Bank | 6 | $8.2M | $1.4M | 7.79% | 0.00% |
| 10 | Enterprise Bank & Trust | 6 | $7.7M | $1.3M | 4.92% | 0.00% |
| 11 | Harvest Small Business Finance, LLC | 5 | $3.1M | $614K | 10.90% | — |
| 12 | Northeast Bank | 5 | $495K | $99K | 10.90% | — |
| 13 | Readycap Lending, LLC | 4 | $2.0M | $499K | 11.69% | — |
| 14 | BayFirst National Bank | 4 | $440K | $110K | 11.19% | 0.00% |
| 15 | Coastal States Bank | 3 | $1.5M | $504K | 5.17% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 623990. Charge-off rates are calculated on the FY2020–FY2023 cohort only.