Best SBA 7(a) lenders for automotive transmission repair
The top SBA 7(a) lenders for automotive transmission repair (NAICS 811113) are The Huntington National Bank, Cadence Bank, First Savings Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 52 loans totaling $19.8M to businesses in this industry. Average loan size: $381K. Average rate: 6.04%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.00%.
Loans
52
Total $
$19.8M
Avg loan
$381K
Avg rate
6.04%
Avg term
169 mo
Industry chg-off rate
4.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | $766K | $109K | 5.68% | 0.00% |
| 2 | Cadence Bank | 3 | $686K | $229K | 6.08% | 0.00% |
| 3 | First Savings Bank | 3 | $1.8M | $607K | 6.00% | 0.00% |
| 4 | Zions Bank, A Division of | 2 | $708K | $354K | 5.50% | 0.00% |
| 5 | Wells Fargo Bank National Association | 2 | $419K | $210K | 7.03% | 0.00% |
| 6 | State Bank Financial | 2 | $337K | $168K | 4.88% | 0.00% |
| 7 | Live Oak Banking Company | 2 | $1.3M | $625K | 6.00% | 0.00% |
| 8 | TD Bank, National Association | 2 | $215K | $108K | 8.74% | 100.00% |
| 9 | SMBC MANUBANK | 2 | $450K | $225K | 6.00% | 0.00% |
| 10 | Merrimack County Savings Bank | 2 | $60K | $30K | 5.75% | 0.00% |
| 11 | America First FCU | 1 | $811K | $811K | 5.75% | 0.00% |
| 12 | CIBC Bank USA | 1 | $150K | $150K | 9.75% | — |
| 13 | Arvest Bank | 1 | $293K | $293K | 4.00% | 0.00% |
| 14 | First Interstate Bank | 1 | $2.2M | $2.2M | 5.75% | 0.00% |
| 15 | First Bank | 1 | $155K | $155K | 5.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811113. Charge-off rates are calculated on the FY2020–FY2023 cohort only.