Best SBA 7(a) lenders for caterers
NAICS 722320 — Caterers.
1,096 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $504.0M.
Loans
1,096
Total $
$504.0M
Avg loan
$460K
Avg rate
9.19%
Avg term
144 mo
Industry chg-off rate
3.91%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 102 | $18.2M | $179K | 8.73% | 3.45% |
| 2 | U.S. Bank, National Association | 78 | $11.7M | $150K | 8.48% | 7.69% |
| 3 | TD Bank, National Association | 72 | $6.2M | $87K | 10.99% | 13.33% |
| 4 | Newtek Bank, National Association | 46 | $14.5M | $314K | 11.78% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 44 | $5.6M | $128K | 10.32% | 16.67% |
| 6 | Wells Fargo Bank National Association | 43 | $6.9M | $161K | 9.93% | 6.25% |
| 7 | Readycap Lending, LLC | 25 | $7.7M | $306K | 12.12% | 16.67% |
| 8 | Northeast Bank | 24 | $3.9M | $164K | 10.71% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 23 | $7.8M | $338K | 11.37% | 0.00% |
| 10 | KeyBank National Association | 22 | $1.4M | $65K | 10.67% | 5.26% |
| 11 | BayFirst National Bank | 20 | $4.4M | $222K | 11.29% | 14.29% |
| 12 | Harvest Small Business Finance, LLC | 19 | $23.6M | $1.2M | 8.64% | 0.00% |
| 13 | Columbia Bank | 14 | $1.9M | $139K | 9.84% | 0.00% |
| 14 | Newtek Small Business Finance, Inc. | 12 | $5.8M | $486K | 7.15% | 0.00% |
| 15 | Cadence Bank | 12 | $7.0M | $580K | 9.00% | 14.29% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 722320. Charge-off rates are calculated on the FY2020–FY2023 cohort only.