Best SBA 7(a) lenders for child day care services
The top SBA 7(a) lenders for child day care services (NAICS 624410) are The Huntington National Bank, TD 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 5,081 loans totaling $4.10B to businesses in this industry. Average loan size: $807K. Average rate: 8.32%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.86%.
Loans
5,081
Total $
$4.10B
Avg loan
$807K
Avg rate
8.32%
Avg term
179 mo
Industry chg-off rate
0.86%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 318 | $109.2M | $343K | 8.59% | 2.47% |
| 2 | TD Bank, National Association | 202 | $96.2M | $476K | 9.28% | 1.06% |
| 3 | Live Oak Banking Company | 195 | $465.3M | $2.4M | 7.50% | 0.00% |
| 4 | Readycap Lending, LLC | 180 | $136.2M | $757K | 10.50% | 0.00% |
| 5 | U.S. Bank, National Association | 133 | $81.1M | $610K | 7.88% | 2.82% |
| 6 | Wells Fargo Bank National Association | 133 | $136.6M | $1.0M | 7.57% | 4.00% |
| 7 | Newtek Bank, National Association | 130 | $58.6M | $451K | 11.55% | 0.00% |
| 8 | Northeast Bank | 128 | $20.7M | $162K | 10.87% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 116 | $20.4M | $176K | 10.12% | 4.69% |
| 10 | Harvest Small Business Finance, LLC | 102 | $89.3M | $875K | 8.47% | 0.00% |
| 11 | Bank of America, National Association | 92 | $74.5M | $810K | 7.11% | 0.00% |
| 12 | Celtic Bank Corporation | 82 | $54.7M | $666K | 8.68% | 0.00% |
| 13 | First Bank of the Lake | 82 | $88.4M | $1.1M | 9.31% | 0.00% |
| 14 | Customers Bank | 81 | $118.1M | $1.5M | 5.94% | 0.00% |
| 15 | BayFirst National Bank | 72 | $23.1M | $321K | 10.98% | 11.11% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 624410. Charge-off rates are calculated on the FY2020–FY2023 cohort only.