Best SBA 7(a) lenders for elementary and secondary schools
NAICS 611110 — Elementary and Secondary Schools.
354 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $319.8M.
Loans
354
Total $
$319.8M
Avg loan
$904K
Avg rate
8.32%
Avg term
167 mo
Industry chg-off rate
1.52%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 30 | $14.0M | $466K | 8.27% | 0.00% |
| 2 | SouthState Bank, National Association | 11 | $5.8M | $530K | 8.45% | 0.00% |
| 3 | BayFirst National Bank | 10 | $2.6M | $262K | 11.63% | 0.00% |
| 4 | U.S. Bank, National Association | 10 | $7.6M | $761K | 7.80% | 0.00% |
| 5 | Newtek Bank, National Association | 9 | $6.4M | $707K | 11.75% | 0.00% |
| 6 | Celtic Bank Corporation | 8 | $6.7M | $841K | 8.63% | 0.00% |
| 7 | Live Oak Banking Company | 8 | $12.1M | $1.5M | 8.13% | 0.00% |
| 8 | Readycap Lending, LLC | 8 | $5.0M | $622K | 11.06% | 0.00% |
| 9 | Banco Popular de Puerto Rico | 7 | $979K | $140K | 9.04% | 50.00% |
| 10 | TD Bank, National Association | 6 | $1.9M | $324K | 7.99% | 0.00% |
| 11 | Bank Five Nine | 5 | $1.5M | $308K | 6.42% | 0.00% |
| 12 | CDC Small Business Finance Corp. | 5 | $853K | $171K | 9.05% | 0.00% |
| 13 | Zions Bank, A Division of | 5 | $530K | $106K | 9.10% | 0.00% |
| 14 | Pinnacle Bank | 5 | $8.0M | $1.6M | 6.90% | 0.00% |
| 15 | Hanover Community Bank | 5 | $3.3M | $664K | 6.80% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 611110. Charge-off rates are calculated on the FY2020–FY2023 cohort only.