Best SBA 7(a) lenders for sports and recreation instruction
NAICS 611620 — Sports and Recreation Instruction.
1,541 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $729.2M.
Loans
1,541
Total $
$729.2M
Avg loan
$473K
Avg rate
8.87%
Avg term
136 mo
Industry chg-off rate
2.02%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 176 | $39.4M | $224K | 8.73% | 4.55% |
| 2 | Wells Fargo Bank National Association | 77 | $34.8M | $451K | 9.18% | 12.50% |
| 3 | TD Bank, National Association | 77 | $14.4M | $187K | 10.24% | 5.26% |
| 4 | Manufacturers and Traders Trust Company | 66 | $9.0M | $136K | 10.68% | 3.57% |
| 5 | U.S. Bank, National Association | 60 | $7.5M | $126K | 8.76% | 0.00% |
| 6 | Newtek Bank, National Association | 45 | $14.0M | $312K | 11.53% | 0.00% |
| 7 | Northeast Bank | 43 | $3.4M | $78K | 11.03% | 0.00% |
| 8 | KeyBank National Association | 37 | $25.9M | $701K | 7.16% | 0.00% |
| 9 | United Midwest Savings Bank National Association | 36 | $5.3M | $148K | 9.31% | 0.00% |
| 10 | Readycap Lending, LLC | 30 | $4.0M | $132K | 12.68% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 27 | $9.5M | $351K | 10.07% | 0.00% |
| 12 | BayFirst National Bank | 25 | $3.3M | $132K | 11.14% | 0.00% |
| 13 | Newtek Small Business Finance, Inc. | 21 | $3.2M | $154K | 6.81% | 0.00% |
| 14 | Live Oak Banking Company | 21 | $41.1M | $2.0M | 8.72% | 0.00% |
| 15 | Cadence Bank | 19 | $5.8M | $307K | 8.32% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 611620. Charge-off rates are calculated on the FY2020–FY2023 cohort only.