Best SBA 7(a) lenders for locksmiths
NAICS 561622 — Locksmiths.
155 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $56.7M.
Loans
155
Total $
$56.7M
Avg loan
$366K
Avg rate
9.13%
Avg term
126 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 | Northeast Bank | 12 | $1.4M | $116K | 11.10% | 0.00% |
| 2 | Newtek Bank, National Association | 10 | $1.8M | $180K | 11.53% | 0.00% |
| 3 | The Huntington National Bank | 9 | $738K | $82K | 8.57% | 0.00% |
| 4 | U.S. Bank, National Association | 8 | $5.8M | $724K | 7.06% | 0.00% |
| 5 | TD Bank, National Association | 7 | $375K | $54K | 11.86% | 0.00% |
| 6 | First Commonwealth Bank | 6 | $3.8M | $627K | 9.00% | — |
| 7 | Wells Fargo Bank National Association | 5 | $60K | $12K | 11.20% | 0.00% |
| 8 | Columbia Bank | 5 | $1.3M | $264K | 6.55% | 0.00% |
| 9 | BayFirst National Bank | 4 | $574K | $144K | 10.13% | 0.00% |
| 10 | United Midwest Savings Bank National Association | 4 | $1.2M | $294K | 7.25% | 0.00% |
| 11 | Banner Bank | 3 | $303K | $101K | 7.66% | 0.00% |
| 12 | Cadence Bank | 3 | $929K | $310K | 8.92% | 0.00% |
| 13 | Manufacturers and Traders Trust Company | 3 | $71K | $24K | 9.00% | 0.00% |
| 14 | Bank of America, National Association | 3 | $731K | $244K | 7.99% | 0.00% |
| 15 | JPMorgan Chase Bank, National Association | 3 | $300K | $100K | 13.70% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 561622. Charge-off rates are calculated on the FY2020–FY2023 cohort only.