Best SBA 7(a) lenders for appliance repair and maintenance
The top SBA 7(a) lenders for appliance repair and maintenance (NAICS 811412) are United Midwest Savings Bank National Association, TD Bank, National Association, U.S. Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 337 loans totaling $70.9M to businesses in this industry. Average loan size: $210K. Average rate: 9.73%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 9.74%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 108 | $16.0M | $148K | 8.78% | 18.03% |
| 2 | TD Bank, National Association | 27 | $2.3M | $84K | 10.56% | 9.09% |
| 3 | U.S. Bank, National Association | 22 | $853K | $39K | 9.53% | 0.00% |
| 4 | Wells Fargo Bank National Association | 19 | $4.2M | $224K | 11.17% | 7.69% |
| 5 | JPMorgan Chase Bank, National Association | 13 | $2.2M | $172K | 11.50% | 0.00% |
| 6 | Newtek Bank, National Association | 12 | $4.2M | $350K | 11.56% | 0.00% |
| 7 | Readycap Lending, LLC | 11 | $1.9M | $170K | 12.86% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 10 | $704K | $70K | 11.72% | 0.00% |
| 9 | The Huntington National Bank | 10 | $658K | $66K | 7.93% | 0.00% |
| 10 | BayFirst National Bank | 9 | $1.4M | $150K | 12.11% | 0.00% |
| 11 | Celtic Bank Corporation | 6 | $690K | $115K | 10.88% | 0.00% |
| 12 | Northeast Bank | 6 | $1.1M | $184K | 11.00% | — |
| 13 | KeyBank National Association | 5 | $566K | $113K | 11.66% | 33.33% |
| 14 | Byline Bank | 5 | $4.1M | $817K | 9.70% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 4 | $993K | $248K | 6.25% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811412. Charge-off rates are calculated on the FY2020–FY2023 cohort only.