Best SBA 7(a) lenders for collection agencies
NAICS 561440 — Collection Agencies.
63 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $53.1M.
Loans
63
Total $
$53.1M
Avg loan
$843K
Avg rate
8.64%
Avg term
133 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | $7.5M | $1.1M | 9.21% | 0.00% |
| 2 | Meridian Bank | 4 | $4.3M | $1.1M | 7.81% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 3 | $165K | $55K | 11.16% | — |
| 4 | First Commonwealth Bank | 3 | $1.3M | $442K | 6.00% | 0.00% |
| 5 | Readycap Lending, LLC | 3 | $762K | $254K | 12.75% | — |
| 6 | KeyBank National Association | 3 | $4.1M | $1.4M | 6.25% | 0.00% |
| 7 | BayFirst National Bank | 2 | $222K | $111K | 13.25% | — |
| 8 | Sunflower Bank National Association | 2 | $3.2M | $1.6M | 5.12% | 0.00% |
| 9 | The Bancorp Bank National Association | 2 | $966K | $483K | 9.00% | — |
| 10 | U.S. Bank, National Association | 2 | $1.7M | $874K | 5.75% | 0.00% |
| 11 | Wells Fargo Bank National Association | 2 | $1.9M | $935K | 4.92% | 0.00% |
| 12 | Live Oak Banking Company | 2 | $2.2M | $1.1M | 9.00% | 0.00% |
| 13 | Newtek Bank, National Association | 2 | $1.8M | $875K | 12.00% | — |
| 14 | Cadence Bank | 1 | $350K | $350K | 6.25% | 0.00% |
| 15 | Byline Bank | 1 | $4.1M | $4.1M | 11.00% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561440. Charge-off rates are calculated on the FY2020–FY2023 cohort only.