Best SBA 7(a) lenders for employee leasing services
NAICS 561330 — Employee Leasing Services.
91 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $70.8M.
Loans
91
Total $
$70.8M
Avg loan
$778K
Avg rate
9.25%
Avg term
116 mo
Industry chg-off rate
5.66%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 10 | $15.2M | $1.5M | 8.36% | 0.00% |
| 2 | The Huntington National Bank | 9 | $1.5M | $171K | 10.53% | 0.00% |
| 3 | Northeast Bank | 6 | $961K | $160K | 11.04% | — |
| 4 | Newtek Bank, National Association | 5 | $1.3M | $254K | 11.15% | 0.00% |
| 5 | ChoiceOne Bank | 5 | $9.2M | $1.8M | 7.05% | 0.00% |
| 6 | Readycap Lending, LLC | 5 | $825K | $165K | 12.90% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 4 | $455K | $114K | 12.13% | 0.00% |
| 8 | Newtek Small Business Finance, Inc. | 3 | $260K | $87K | 7.58% | 0.00% |
| 9 | Byline Bank | 3 | $9.4M | $3.1M | 7.75% | 0.00% |
| 10 | Live Oak Banking Company | 3 | $9.0M | $3.0M | 5.77% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 3 | $590K | $197K | 12.60% | — |
| 12 | Bank of America, National Association | 3 | $879K | $293K | 7.50% | 0.00% |
| 13 | Wells Fargo Bank National Association | 2 | $25K | $13K | 8.25% | 0.00% |
| 14 | United Midwest Savings Bank National Association | 2 | $300K | $150K | 6.00% | 50.00% |
| 15 | KeyBank National Association | 2 | $2.4M | $1.2M | 5.00% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561330. Charge-off rates are calculated on the FY2020–FY2023 cohort only.