Best SBA 7(a) lenders for general automotive repair
The top SBA 7(a) lenders for general automotive repair (NAICS 811111) are The Huntington National Bank, U.S. Bank, National Association, Newtek Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 5,413 loans totaling $2.58B to businesses in this industry. Average loan size: $477K. Average rate: 8.56%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.68%.
Loans
5,413
Total $
$2.58B
Avg loan
$477K
Avg rate
8.56%
Avg term
163 mo
Industry chg-off rate
1.68%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 430 | $103.4M | $240K | 7.80% | 1.70% |
| 2 | U.S. Bank, National Association | 331 | $108.0M | $326K | 8.51% | 0.74% |
| 3 | Newtek Bank, National Association | 304 | $115.2M | $379K | 11.20% | 0.00% |
| 4 | TD Bank, National Association | 258 | $34.2M | $133K | 10.47% | 6.43% |
| 5 | Live Oak Banking Company | 256 | $283.0M | $1.1M | 8.03% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 215 | $18.6M | $86K | 10.50% | 4.04% |
| 7 | Wells Fargo Bank National Association | 142 | $54.3M | $383K | 8.19% | 4.04% |
| 8 | BayFirst National Bank | 140 | $29.1M | $208K | 11.45% | 1.79% |
| 9 | Northeast Bank | 116 | $20.6M | $178K | 10.88% | 0.00% |
| 10 | Harvest Small Business Finance, LLC | 93 | $91.4M | $982K | 8.34% | 0.00% |
| 11 | Columbia Bank | 85 | $23.8M | $280K | 9.27% | 4.17% |
| 12 | Newtek Small Business Finance, Inc. | 68 | $38.4M | $564K | 7.87% | 0.00% |
| 13 | Celtic Bank Corporation | 67 | $30.6M | $457K | 9.21% | 0.00% |
| 14 | JPMorgan Chase Bank, National Association | 67 | $23.0M | $343K | 10.09% | 0.00% |
| 15 | KeyBank National Association | 63 | $15.2M | $242K | 8.74% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.