Best SBA 7(a) lenders for all other automotive repair and maintenance
The top SBA 7(a) lenders for all other automotive repair and maintenance (NAICS 811198) are The Huntington National Bank, U.S. Bank, National Association, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 795 loans totaling $286.1M to businesses in this industry. Average loan size: $360K. Average rate: 9.04%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.42%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 88 | $14.7M | $167K | 8.30% | 2.04% |
| 2 | U.S. Bank, National Association | 61 | $10.0M | $165K | 9.38% | 0.00% |
| 3 | Wells Fargo Bank National Association | 53 | $6.3M | $120K | 10.38% | 2.38% |
| 4 | Manufacturers and Traders Trust Company | 43 | $3.7M | $86K | 10.33% | 5.56% |
| 5 | Northeast Bank | 36 | $4.9M | $136K | 10.76% | 0.00% |
| 6 | TD Bank, National Association | 27 | $8.4M | $310K | 9.76% | 0.00% |
| 7 | Readycap Lending, LLC | 21 | $4.7M | $223K | 11.94% | 0.00% |
| 8 | Live Oak Banking Company | 20 | $18.6M | $928K | 8.10% | 0.00% |
| 9 | Newtek Bank, National Association | 17 | $3.2M | $191K | 11.54% | 0.00% |
| 10 | Celtic Bank Corporation | 15 | $6.1M | $406K | 9.78% | 0.00% |
| 11 | BayFirst National Bank | 15 | $2.0M | $132K | 12.32% | 20.00% |
| 12 | KeyBank National Association | 14 | $1.4M | $99K | 10.27% | 0.00% |
| 13 | Enterprise Bank & Trust | 13 | $14.8M | $1.1M | 5.42% | 0.00% |
| 14 | Cadence Bank | 11 | $3.1M | $281K | 9.95% | 28.57% |
| 15 | PNC Bank, National Association | 11 | $495K | $45K | 12.40% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811198. Charge-off rates are calculated on the FY2020–FY2023 cohort only.