Best SBA 7(a) lenders for services for the elderly and persons with disabilities
The top SBA 7(a) lenders for services for the elderly and persons with disabilities (NAICS 624120) are Live Oak Banking Company, United Midwest Savings Bank National Association, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 959 loans totaling $554.1M to businesses in this industry. Average loan size: $578K. Average rate: 8.95%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.83%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 163 | $171.1M | $1.0M | 9.04% | 0.00% |
| 2 | United Midwest Savings Bank National Association | 152 | $21.9M | $144K | 8.50% | 8.33% |
| 3 | The Huntington National Bank | 87 | $14.5M | $167K | 9.44% | 0.00% |
| 4 | TD Bank, National Association | 30 | $2.8M | $93K | 10.85% | 0.00% |
| 5 | U.S. Bank, National Association | 29 | $15.9M | $549K | 8.68% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 23 | $6.8M | $296K | 9.34% | 0.00% |
| 7 | Newtek Bank, National Association | 20 | $5.0M | $252K | 11.28% | 0.00% |
| 8 | CDC Small Business Finance Corp. | 19 | $3.3M | $176K | 11.17% | 0.00% |
| 9 | Northeast Bank | 18 | $2.9M | $159K | 10.57% | 0.00% |
| 10 | Wells Fargo Bank National Association | 18 | $6.8M | $376K | 8.91% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 17 | $2.5M | $147K | 10.30% | 0.00% |
| 12 | Readycap Lending, LLC | 14 | $11.4M | $812K | 9.23% | 0.00% |
| 13 | First Bank of the Lake | 12 | $10.3M | $855K | 10.10% | 0.00% |
| 14 | BayFirst National Bank | 11 | $1.6M | $141K | 11.86% | 0.00% |
| 15 | Harvest Small Business Finance, LLC | 10 | $18.2M | $1.8M | 8.18% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 624120. Charge-off rates are calculated on the FY2020–FY2023 cohort only.