Best SBA 7(a) lenders for car washes
The top SBA 7(a) lenders for car washes (NAICS 811192) are Celtic Bank Corporation, The Huntington National Bank, U.S. Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,670 loans totaling $2.38B to businesses in this industry. Average loan size: $1.4M. Average rate: 7.63%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.32%.
Loans
1,670
Total $
$2.38B
Avg loan
$1.4M
Avg rate
7.63%
Avg term
219 mo
Industry chg-off rate
1.32%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Celtic Bank Corporation | 117 | $296.1M | $2.5M | 7.22% | 0.00% |
| 2 | The Huntington National Bank | 90 | $29.7M | $330K | 8.30% | 0.00% |
| 3 | U.S. Bank, National Association | 69 | $5.8M | $85K | 8.45% | 2.78% |
| 4 | TD Bank, National Association | 60 | $32.7M | $545K | 9.89% | 12.50% |
| 5 | Metro City Bank | 48 | $153.4M | $3.2M | 5.66% | 0.00% |
| 6 | Wells Fargo Bank National Association | 44 | $13.5M | $306K | 10.76% | 0.00% |
| 7 | Paradise Bank | 35 | $70.8M | $2.0M | 6.98% | 0.00% |
| 8 | Readycap Lending, LLC | 28 | $45.1M | $1.6M | 10.24% | 0.00% |
| 9 | Stearns Bank National Association | 25 | $72.7M | $2.9M | 8.44% | 0.00% |
| 10 | Manufacturers and Traders Trust Company | 22 | $6.3M | $286K | 9.61% | 0.00% |
| 11 | Newtek Bank, National Association | 22 | $3.8M | $172K | 11.47% | 0.00% |
| 12 | Stone Bank | 21 | $63.5M | $3.0M | 8.49% | 0.00% |
| 13 | Zions Bank, A Division of | 20 | $7.4M | $369K | 6.17% | 0.00% |
| 14 | Bank of Hope | 18 | $47.0M | $2.6M | 5.78% | 0.00% |
| 15 | KeyBank National Association | 18 | $5.0M | $275K | 9.86% | 22.22% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811192. Charge-off rates are calculated on the FY2020–FY2023 cohort only.