Best SBA 7(a) lenders for engineering services
NAICS 541330 — Engineering Services.
1,607 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $921.2M.
Loans
1,607
Total $
$921.2M
Avg loan
$573K
Avg rate
8.73%
Avg term
129 mo
Industry chg-off rate
1.14%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 99 | $36.3M | $367K | 8.17% | 0.00% |
| 2 | U.S. Bank, National Association | 76 | $28.8M | $379K | 7.92% | 0.00% |
| 3 | Newtek Bank, National Association | 73 | $49.8M | $682K | 11.30% | 0.00% |
| 4 | Wells Fargo Bank National Association | 70 | $16.5M | $236K | 9.38% | 4.00% |
| 5 | JPMorgan Chase Bank, National Association | 60 | $22.8M | $380K | 9.67% | 0.00% |
| 6 | BayFirst National Bank | 55 | $10.1M | $183K | 10.80% | 10.71% |
| 7 | Bank of America, National Association | 49 | $24.2M | $493K | 7.28% | 0.00% |
| 8 | TD Bank, National Association | 49 | $9.2M | $188K | 9.78% | 4.17% |
| 9 | Manufacturers and Traders Trust Company | 46 | $9.8M | $212K | 9.00% | 0.00% |
| 10 | Live Oak Banking Company | 41 | $71.3M | $1.7M | 8.38% | 0.00% |
| 11 | Northeast Bank | 38 | $7.3M | $193K | 10.63% | 0.00% |
| 12 | PNC Bank, National Association | 30 | $4.8M | $158K | 8.49% | 0.00% |
| 13 | Readycap Lending, LLC | 29 | $5.6M | $193K | 12.10% | 0.00% |
| 14 | Newtek Small Business Finance, Inc. | 28 | $31.9M | $1.1M | 7.96% | 0.00% |
| 15 | Zions Bank, A Division of | 27 | $7.6M | $283K | 9.74% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 541330. Charge-off rates are calculated on the FY2020–FY2023 cohort only.