Best SBA 7(a) lenders for roofing contractors
NAICS 238160 — Roofing Contractors.
1,735 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $757.9M.
Loans
1,735
Total $
$757.9M
Avg loan
$437K
Avg rate
9.13%
Avg term
126 mo
Industry chg-off rate
2.09%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 318 | $64.7M | $203K | 8.44% | 0.85% |
| 2 | U.S. Bank, National Association | 109 | $14.9M | $137K | 9.51% | 8.70% |
| 3 | TD Bank, National Association | 87 | $10.5M | $121K | 10.43% | 4.35% |
| 4 | JPMorgan Chase Bank, National Association | 83 | $21.5M | $259K | 9.91% | 5.56% |
| 5 | Readycap Lending, LLC | 55 | $24.7M | $448K | 11.82% | 0.00% |
| 6 | Northeast Bank | 54 | $11.4M | $211K | 10.78% | 0.00% |
| 7 | Wells Fargo Bank National Association | 53 | $11.6M | $219K | 10.73% | 4.35% |
| 8 | Newtek Bank, National Association | 49 | $24.1M | $492K | 11.47% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 48 | $7.3M | $152K | 9.94% | 8.00% |
| 10 | BayFirst National Bank | 37 | $10.4M | $281K | 11.52% | 0.00% |
| 11 | PNC Bank, National Association | 31 | $1.7M | $55K | 11.16% | 11.76% |
| 12 | Bank of America, National Association | 31 | $14.5M | $469K | 6.98% | 0.00% |
| 13 | Live Oak Banking Company | 29 | $42.8M | $1.5M | 8.46% | 0.00% |
| 14 | Cadence Bank | 28 | $8.6M | $306K | 8.68% | 0.00% |
| 15 | First Bank of the Lake | 28 | $32.0M | $1.1M | 9.54% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238160. Charge-off rates are calculated on the FY2020–FY2023 cohort only.