Best SBA 7(a) lenders for hay farming
NAICS 111940 — Hay Farming.
53 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $12.7M.
Loans
53
Total $
$12.7M
Avg loan
$240K
Avg rate
8.60%
Avg term
111 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 | Columbia Bank | 7 | $300K | $43K | 10.86% | 0.00% |
| 2 | Manufacturers and Traders Trust Company | 5 | $236K | $47K | 8.80% | 0.00% |
| 3 | BancFirst | 4 | $1.4M | $348K | 6.13% | 0.00% |
| 4 | The Huntington National Bank | 3 | $57K | $19K | 10.92% | 0.00% |
| 5 | Banner Bank | 2 | $97K | $49K | 8.38% | 0.00% |
| 6 | BOKF, National Association | 2 | $918K | $459K | 7.88% | — |
| 7 | Live Oak Banking Company | 2 | $2.2M | $1.1M | 8.10% | 0.00% |
| 8 | Wells Fargo Bank National Association | 2 | $23K | $11K | 9.00% | 0.00% |
| 9 | The Bank of Clovis | 2 | $1.6M | $805K | 5.75% | 0.00% |
| 10 | TD Bank, National Association | 2 | $50K | $25K | 9.55% | 0.00% |
| 11 | Farmers Bank and Trust | 2 | $285K | $143K | 8.63% | 0.00% |
| 12 | Red River State Bank | 2 | $968K | $484K | 5.05% | 0.00% |
| 13 | Cadence Bank | 1 | $75K | $75K | 6.00% | 0.00% |
| 14 | AMPAC Tri-State CDC, Inc. | 1 | $50K | $50K | 13.50% | — |
| 15 | Heritage Bank Inc | 1 | $150K | $150K | 12.25% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 111940. Charge-off rates are calculated on the FY2020–FY2023 cohort only.