Best SBA 7(a) lenders for fitness and recreational sports centers
The top SBA 7(a) lenders for fitness and recreational sports centers (NAICS 713940) are The Huntington National Bank, Newtek Bank, National Association, Manufacturers and Traders Trust Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 6,770 loans totaling $2.76B to businesses in this industry. Average loan size: $408K. Average rate: 8.85%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.45%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 1,277 | $317.7M | $249K | 9.47% | 1.35% |
| 2 | Newtek Bank, National Association | 228 | $63.9M | $280K | 11.36% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 197 | $26.6M | $135K | 9.94% | 8.33% |
| 4 | Citizens Bank | 183 | $91.4M | $500K | 9.02% | 3.41% |
| 5 | U.S. Bank, National Association | 171 | $35.6M | $208K | 8.61% | 4.11% |
| 6 | Live Oak Banking Company | 165 | $165.0M | $1.0M | 8.05% | 2.04% |
| 7 | KeyBank National Association | 135 | $59.9M | $444K | 7.67% | 0.00% |
| 8 | Cadence Bank | 130 | $59.9M | $460K | 7.53% | 1.92% |
| 9 | Wells Fargo Bank National Association | 126 | $27.7M | $220K | 8.99% | 6.98% |
| 10 | TD Bank, National Association | 120 | $25.3M | $211K | 10.02% | 5.36% |
| 11 | First Bank of the Lake | 118 | $66.6M | $564K | 10.47% | 0.00% |
| 12 | Readycap Lending, LLC | 107 | $37.3M | $349K | 12.01% | 0.00% |
| 13 | Newtek Small Business Finance, Inc. | 100 | $40.2M | $402K | 7.62% | 1.00% |
| 14 | Northeast Bank | 98 | $10.9M | $111K | 10.93% | 0.00% |
| 15 | BayFirst National Bank | 73 | $11.3M | $155K | 11.66% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 713940. Charge-off rates are calculated on the FY2020–FY2023 cohort only.