Best SBA 7(a) lenders for child day care services
NAICS 624410 — Child Day Care Services.
5,081 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $4.10B.
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.