Best SBA 7(a) lenders for independent artists, writers, and performers
The top SBA 7(a) lenders for independent artists, writers, and performers (NAICS 711510) are Wells Fargo Bank National Association, Northeast Bank, Readycap Lending, LLC, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 626 loans totaling $137.6M to businesses in this industry. Average loan size: $220K. Average rate: 10.17%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.50%.
Loans
626
Total $
$137.6M
Avg loan
$220K
Avg rate
10.17%
Avg term
131 mo
Industry chg-off rate
4.50%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 62 | $9.3M | $150K | 10.90% | 11.63% |
| 2 | Northeast Bank | 61 | $5.5M | $89K | 10.99% | 0.00% |
| 3 | Readycap Lending, LLC | 53 | $4.1M | $77K | 13.23% | 0.00% |
| 4 | TD Bank, National Association | 39 | $2.0M | $50K | 11.50% | 13.33% |
| 5 | The Huntington National Bank | 38 | $3.2M | $85K | 9.01% | 0.00% |
| 6 | Newtek Bank, National Association | 32 | $3.4M | $107K | 12.19% | 0.00% |
| 7 | U.S. Bank, National Association | 26 | $14.1M | $541K | 7.30% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 26 | $4.9M | $190K | 10.76% | 14.29% |
| 9 | BayFirst National Bank | 20 | $2.5M | $126K | 12.44% | 0.00% |
| 10 | Lendistry SBLC, LLC | 20 | $2.3M | $114K | 12.86% | 0.00% |
| 11 | Newtek Small Business Finance, Inc. | 17 | $4.6M | $270K | 9.01% | 0.00% |
| 12 | Manufacturers and Traders Trust Company | 15 | $556K | $37K | 11.01% | 10.00% |
| 13 | Cadence Bank | 11 | $2.3M | $208K | 9.84% | 11.11% |
| 14 | Celtic Bank Corporation | 11 | $1.2M | $106K | 10.89% | 0.00% |
| 15 | Harvest Small Business Finance, LLC | 6 | $7.2M | $1.2M | 9.42% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 711510. Charge-off rates are calculated on the FY2020–FY2023 cohort only.