Best SBA 7(a) lenders for dance companies
The top SBA 7(a) lenders for dance companies (NAICS 711120) are The Huntington National Bank, Readycap Lending, LLC, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 194 loans totaling $65.3M to businesses in this industry. Average loan size: $336K. Average rate: 9.39%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.15%.
Loans
194
Total $
$65.3M
Avg loan
$336K
Avg rate
9.39%
Avg term
149 mo
Industry chg-off rate
1.15%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 16 | $1.4M | $90K | 9.44% | 0.00% |
| 2 | Readycap Lending, LLC | 10 | $596K | $60K | 13.70% | 0.00% |
| 3 | Northeast Bank | 9 | $603K | $67K | 11.08% | — |
| 4 | TD Bank, National Association | 8 | $1.3M | $165K | 11.91% | 0.00% |
| 5 | Celtic Bank Corporation | 7 | $935K | $134K | 10.79% | 0.00% |
| 6 | Wells Fargo Bank National Association | 7 | $1.6M | $225K | 10.11% | 0.00% |
| 7 | U.S. Bank, National Association | 5 | $341K | $68K | 8.83% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 5 | $972K | $194K | 11.19% | 0.00% |
| 9 | KeyBank National Association | 5 | $3.1M | $626K | 10.40% | 0.00% |
| 10 | Cadence Bank | 4 | $520K | $130K | 9.63% | 0.00% |
| 11 | BayFirst National Bank | 4 | $415K | $104K | 13.00% | — |
| 12 | Fifth Third Bank | 3 | $1.9M | $637K | 8.18% | 0.00% |
| 13 | Central Bank | 3 | $689K | $230K | 6.92% | 0.00% |
| 14 | Eastern Bank | 3 | $336K | $112K | 9.00% | — |
| 15 | Newtek Small Business Finance, Inc. | 3 | $1.4M | $483K | 8.92% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 711120. Charge-off rates are calculated on the FY2020–FY2023 cohort only.