Best SBA 7(a) lenders for claims adjusting
NAICS 524291 — Claims Adjusting.
108 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $55.9M.
Loans
108
Total $
$55.9M
Avg loan
$517K
Avg rate
9.49%
Avg term
117 mo
Industry chg-off rate
1.61%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 12 | $1.0M | $86K | 8.52% | 0.00% |
| 2 | TD Bank, National Association | 12 | $1.3M | $108K | 10.90% | 0.00% |
| 3 | Live Oak Banking Company | 10 | $11.3M | $1.1M | 7.49% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 8 | $1.5M | $187K | 11.30% | 0.00% |
| 5 | Northeast Bank | 6 | $972K | $162K | 10.21% | — |
| 6 | BayFirst National Bank | 5 | $555K | $111K | 11.90% | 0.00% |
| 7 | U.S. Bank, National Association | 4 | $1.9M | $481K | 8.93% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 4 | $68K | $17K | 12.81% | 0.00% |
| 9 | Merchants Bank of Indiana | 3 | $4.0M | $1.3M | 4.17% | 0.00% |
| 10 | Newtek Bank, National Association | 3 | $1.6M | $533K | 10.75% | 0.00% |
| 11 | Readycap Lending, LLC | 3 | $865K | $288K | 11.67% | — |
| 12 | Minnwest Bank | 2 | $400K | $200K | 5.75% | 0.00% |
| 13 | Newtek Small Business Finance, Inc. | 2 | $400K | $200K | 11.63% | 0.00% |
| 14 | DFCU Financial | 2 | $1.1M | $553K | 6.00% | 0.00% |
| 15 | First Bank of the Lake | 2 | $3.5M | $1.8M | 7.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 524291. Charge-off rates are calculated on the FY2020–FY2023 cohort only.