Best SBA 7(a) lenders for employment placement agencies
NAICS 561311 — Employment Placement Agencies.
897 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $365.3M.
Loans
897
Total $
$365.3M
Avg loan
$407K
Avg rate
9.54%
Avg term
118 mo
Industry chg-off rate
4.84%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 69 | $19.9M | $289K | 8.49% | 4.55% |
| 2 | United Midwest Savings Bank National Association | 65 | $9.3M | $143K | 8.60% | 11.36% |
| 3 | BayFirst National Bank | 63 | $11.6M | $185K | 11.33% | 8.70% |
| 4 | Newtek Bank, National Association | 60 | $34.9M | $582K | 11.51% | 0.00% |
| 5 | JPMorgan Chase Bank, National Association | 41 | $13.3M | $325K | 9.91% | 5.56% |
| 6 | TD Bank, National Association | 40 | $3.7M | $93K | 10.43% | 0.00% |
| 7 | U.S. Bank, National Association | 34 | $7.1M | $208K | 9.41% | 0.00% |
| 8 | Wells Fargo Bank National Association | 33 | $2.4M | $73K | 11.59% | 5.56% |
| 9 | Northeast Bank | 27 | $5.0M | $185K | 11.07% | — |
| 10 | Bank of America, National Association | 26 | $14.6M | $560K | 9.03% | 0.00% |
| 11 | Manufacturers and Traders Trust Company | 23 | $7.0M | $306K | 11.26% | 20.00% |
| 12 | Readycap Lending, LLC | 23 | $6.9M | $300K | 11.43% | 0.00% |
| 13 | Newtek Small Business Finance, Inc. | 16 | $14.3M | $896K | 7.63% | 0.00% |
| 14 | Zions Bank, A Division of | 15 | $1.5M | $99K | 10.68% | 0.00% |
| 15 | CDC Small Business Finance Corp. | 13 | $2.7M | $206K | 10.58% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561311. Charge-off rates are calculated on the FY2020–FY2023 cohort only.