Best SBA 7(a) lenders for structural steel and precast concrete contractors
NAICS 238120 — Structural Steel and Precast Concrete Contractors.
202 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $80.3M.
Loans
202
Total $
$80.3M
Avg loan
$398K
Avg rate
9.42%
Avg term
118 mo
Industry chg-off rate
0.96%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 20 | $1.6M | $78K | 9.29% | 0.00% |
| 2 | JPMorgan Chase Bank, National Association | 19 | $4.6M | $240K | 11.20% | 0.00% |
| 3 | The Huntington National Bank | 16 | $2.3M | $145K | 8.93% | 0.00% |
| 4 | Manufacturers and Traders Trust Company | 14 | $3.2M | $229K | 8.89% | 0.00% |
| 5 | TD Bank, National Association | 12 | $1.6M | $137K | 10.47% | 0.00% |
| 6 | Wells Fargo Bank National Association | 7 | $611K | $87K | 11.06% | 0.00% |
| 7 | BayFirst National Bank | 6 | $5.6M | $933K | 11.71% | 50.00% |
| 8 | Fulton Bank, National Association | 5 | $3.1M | $615K | 10.55% | 0.00% |
| 9 | PNC Bank, National Association | 5 | $220K | $44K | 10.42% | 0.00% |
| 10 | Newtek Small Business Finance, Inc. | 4 | $1.8M | $450K | 8.94% | 0.00% |
| 11 | Newtek Bank, National Association | 4 | $2.9M | $737K | 11.63% | — |
| 12 | Northeast Bank | 4 | $750K | $188K | 10.63% | — |
| 13 | Bar Harbor Bank & Trust | 4 | $593K | $148K | 9.01% | — |
| 14 | Bank of America, National Association | 4 | $1.2M | $289K | 9.03% | 0.00% |
| 15 | Citibank, N.A. | 3 | $300K | $100K | 8.58% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238120. Charge-off rates are calculated on the FY2020–FY2023 cohort only.