Best SBA 7(a) lenders for automotive oil change and lubrication shops
The top SBA 7(a) lenders for automotive oil change and lubrication shops (NAICS 811191) are Live Oak Banking Company, The Huntington National Bank, Celtic Bank Corporation, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 404 loans totaling $297.4M to businesses in this industry. Average loan size: $736K. Average rate: 7.75%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.14%.
Loans
404
Total $
$297.4M
Avg loan
$736K
Avg rate
7.75%
Avg term
181 mo
Industry chg-off rate
1.14%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 128 | $129.5M | $1.0M | 7.38% | 0.00% |
| 2 | The Huntington National Bank | 38 | $4.7M | $123K | 8.49% | 0.00% |
| 3 | Celtic Bank Corporation | 9 | $8.6M | $958K | 8.81% | 0.00% |
| 4 | The Bancorp Bank National Association | 9 | $8.5M | $947K | 6.31% | 0.00% |
| 5 | U.S. Bank, National Association | 9 | $1.1M | $121K | 8.95% | 0.00% |
| 6 | Byline Bank | 7 | $7.4M | $1.1M | 8.93% | 0.00% |
| 7 | Zions Bank, A Division of | 7 | $4.8M | $684K | 7.34% | 0.00% |
| 8 | Readycap Lending, LLC | 7 | $1.1M | $150K | 13.57% | — |
| 9 | Citizens Bank | 7 | $8.4M | $1.2M | 7.29% | 0.00% |
| 10 | OakStar Bank | 6 | $599K | $100K | 8.38% | 0.00% |
| 11 | First Bank of the Lake | 5 | $3.6M | $718K | 9.00% | 0.00% |
| 12 | BayFirst National Bank | 5 | $1.4M | $274K | 12.35% | — |
| 13 | Mountain America FCU | 4 | $2.3M | $579K | 9.37% | 0.00% |
| 14 | Bank of America, National Association | 4 | $2.0M | $507K | 6.00% | 0.00% |
| 15 | Centier Bank | 4 | $572K | $143K | 7.88% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811191. Charge-off rates are calculated on the FY2020–FY2023 cohort only.