Best SBA 7(a) lenders for other automotive mechanical and electrical repair and maintenance
NAICS 811118 — Other Automotive Mechanical and Electrical Repair and Maintenance.
124 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $43.7M.
Loans
124
Total $
$43.7M
Avg loan
$352K
Avg rate
6.39%
Avg term
156 mo
Industry chg-off rate
1.67%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 19 | $2.0M | $106K | 6.14% | 0.00% |
| 2 | U.S. Bank, National Association | 11 | $4.1M | $374K | 6.49% | 0.00% |
| 3 | Wells Fargo Bank National Association | 6 | $2.2M | $360K | 7.83% | 0.00% |
| 4 | 1st Source Bank | 5 | $1.5M | $297K | 8.15% | 0.00% |
| 5 | Cadence Bank | 5 | $1.3M | $261K | 6.65% | 40.00% |
| 6 | Manufacturers and Traders Trust Company | 4 | $535K | $134K | 6.44% | 0.00% |
| 7 | Enterprise Bank & Trust | 4 | $3.2M | $798K | 5.19% | 0.00% |
| 8 | TD Bank, National Association | 3 | $140K | $47K | 9.03% | 0.00% |
| 9 | Webster Bank National Association | 3 | $691K | $230K | 5.75% | 0.00% |
| 10 | The Community Bank | 3 | $45K | $15K | 6.08% | 0.00% |
| 11 | PNC Bank, National Association | 3 | $90K | $30K | 9.38% | 0.00% |
| 12 | BankCherokee | 2 | $264K | $132K | 6.50% | 0.00% |
| 13 | Columbia Bank | 2 | $1.9M | $956K | 5.50% | 0.00% |
| 14 | First Bank of the Lake | 2 | $1.5M | $753K | 5.50% | 0.00% |
| 15 | KeyBank National Association | 2 | $40K | $20K | 6.09% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811118. Charge-off rates are calculated on the FY2020–FY2023 cohort only.