Best SBA 7(a) lenders for home and garden equipment repair and maintenance
The top SBA 7(a) lenders for home and garden equipment repair and maintenance (NAICS 811411) are The Huntington National Bank, U.S. Bank, National Association, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 115 loans totaling $34.5M to businesses in this industry. Average loan size: $300K. Average rate: 9.21%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
115
Total $
$34.5M
Avg loan
$300K
Avg rate
9.21%
Avg term
122 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 10 | $872K | $87K | 8.99% | 0.00% |
| 2 | U.S. Bank, National Association | 10 | $3.0M | $302K | 9.77% | 0.00% |
| 3 | Northeast Bank | 7 | $1.5M | $214K | 11.11% | — |
| 4 | Readycap Lending, LLC | 6 | $1.2M | $196K | 11.08% | 0.00% |
| 5 | TD Bank, National Association | 5 | $311K | $62K | 9.33% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 5 | $155K | $31K | 12.55% | 0.00% |
| 7 | Newtek Bank, National Association | 4 | $1.1M | $280K | 10.38% | — |
| 8 | CIBC Bank USA | 4 | $3.7M | $919K | 6.38% | 0.00% |
| 9 | Cadence Bank | 4 | $828K | $207K | 5.69% | 0.00% |
| 10 | BayFirst National Bank | 4 | $444K | $111K | 12.50% | 0.00% |
| 11 | ESL FCU | 3 | $170K | $57K | 8.58% | 0.00% |
| 12 | Magnifi Financial CU | 3 | $308K | $103K | 8.83% | 0.00% |
| 13 | Wells Fargo Bank National Association | 3 | $25K | $8K | 11.92% | 0.00% |
| 14 | CDC Small Business Finance Corp. | 2 | $150K | $75K | 10.75% | — |
| 15 | Cache Valley Bank | 2 | $400K | $200K | 10.00% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811411. Charge-off rates are calculated on the FY2020–FY2023 cohort only.