Best SBA 7(a) lenders for cut and sew apparel contractors
NAICS 315210 — Cut and Sew Apparel Contractors.
80 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $37.2M.
Loans
80
Total $
$37.2M
Avg loan
$465K
Avg rate
10.08%
Avg term
127 mo
Industry chg-off rate
6.06%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 11 | $3.1M | $285K | 12.05% | 0.00% |
| 2 | BayFirst National Bank | 5 | $5.6M | $1.1M | 12.50% | — |
| 3 | U.S. Bank, National Association | 5 | $219K | $44K | 7.95% | 33.33% |
| 4 | Live Oak Banking Company | 4 | $3.0M | $760K | 7.67% | 0.00% |
| 5 | Lendistry SBLC, LLC | 4 | $454K | $114K | 12.88% | — |
| 6 | Celtic Bank Corporation | 4 | $470K | $118K | 8.75% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 4 | $270K | $68K | 13.31% | — |
| 8 | Readycap Lending, LLC | 3 | $274K | $91K | 14.17% | — |
| 9 | Zions Bank, A Division of | 3 | $3.6M | $1.2M | 6.67% | 0.00% |
| 10 | Bank of Hope | 3 | $290K | $97K | 9.17% | 0.00% |
| 11 | Northeast Bank | 3 | $520K | $173K | 11.08% | — |
| 12 | First Internet Bank of Indiana | 3 | $4.9M | $1.6M | 10.83% | — |
| 13 | Wells Fargo Bank National Association | 2 | $25K | $13K | 11.50% | 0.00% |
| 14 | The Huntington National Bank | 2 | $137K | $68K | 9.88% | — |
| 15 | Bridgewater Bank | 2 | $550K | $275K | 4.25% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 315210. Charge-off rates are calculated on the FY2020–FY2023 cohort only.