Best SBA 7(a) lenders for food service contractors
NAICS 722310 — Food Service Contractors.
398 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $162.1M.
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.