Best SBA 7(a) lenders for food service contractors
The top SBA 7(a) lenders for food service contractors (NAICS 722310) are The Huntington National Bank, Northeast Bank, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 398 loans totaling $162.1M to businesses in this industry. Average loan size: $407K. Average rate: 9.20%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.91%.
Loans
398
Total $
$162.1M
Avg loan
$407K
Avg rate
9.20%
Avg term
135 mo
Industry chg-off rate
1.91%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 34 | $4.5M | $134K | 8.79% | 0.00% |
| 2 | Northeast Bank | 30 | $4.0M | $133K | 10.94% | 0.00% |
| 3 | Wells Fargo Bank National Association | 21 | $777K | $37K | 11.72% | 6.25% |
| 4 | Readycap Lending, LLC | 20 | $11.9M | $595K | 12.51% | 0.00% |
| 5 | U.S. Bank, National Association | 20 | $11.8M | $590K | 7.92% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 15 | $3.2M | $213K | 10.33% | 0.00% |
| 7 | Celtic Bank Corporation | 12 | $4.7M | $392K | 9.98% | 0.00% |
| 8 | TD Bank, National Association | 11 | $1.6M | $146K | 10.58% | 20.00% |
| 9 | Newtek Bank, National Association | 9 | $4.0M | $441K | 12.28% | — |
| 10 | Bank of America, National Association | 7 | $1,000K | $143K | 5.46% | 0.00% |
| 11 | Colony Bank | 5 | $1.9M | $381K | 11.35% | — |
| 12 | BayFirst National Bank | 5 | $767K | $153K | 9.20% | 20.00% |
| 13 | Cadence Bank | 5 | $2.3M | $453K | 9.45% | 0.00% |
| 14 | JPMorgan Chase Bank, National Association | 5 | $931K | $186K | 11.44% | 0.00% |
| 15 | TruBank | 5 | $175K | $35K | 9.35% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 722310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.