Best SBA 7(a) lenders for painting and wall covering contractors
NAICS 238320 — Painting and Wall Covering Contractors.
1,953 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $425.4M.
Loans
1,953
Total $
$425.4M
Avg loan
$218K
Avg rate
9.52%
Avg term
114 mo
Industry chg-off rate
4.37%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 296 | $42.9M | $145K | 9.07% | 1.88% |
| 2 | U.S. Bank, National Association | 236 | $17.2M | $73K | 9.19% | 5.04% |
| 3 | United Midwest Savings Bank National Association | 162 | $23.5M | $145K | 8.28% | 20.37% |
| 4 | TD Bank, National Association | 137 | $11.2M | $82K | 10.88% | 6.06% |
| 5 | JPMorgan Chase Bank, National Association | 69 | $11.1M | $160K | 11.10% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 61 | $4.3M | $70K | 11.00% | 0.00% |
| 7 | Northeast Bank | 56 | $6.9M | $123K | 10.88% | 0.00% |
| 8 | Wells Fargo Bank National Association | 54 | $9.1M | $169K | 11.00% | 3.13% |
| 9 | Readycap Lending, LLC | 47 | $7.0M | $148K | 12.78% | 0.00% |
| 10 | BayFirst National Bank | 43 | $7.2M | $168K | 11.42% | 0.00% |
| 11 | Live Oak Banking Company | 37 | $29.7M | $802K | 8.92% | 0.00% |
| 12 | Columbia Bank | 33 | $2.8M | $85K | 10.17% | 0.00% |
| 13 | Eastern Bank | 28 | $1.7M | $62K | 10.18% | 18.75% |
| 14 | Newtek Bank, National Association | 28 | $5.9M | $212K | 11.54% | 0.00% |
| 15 | First Bank of the Lake | 25 | $11.3M | $454K | 10.14% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238320. Charge-off rates are calculated on the FY2020–FY2023 cohort only.