Best SBA 7(a) lenders for services for the elderly and persons with disabilities
NAICS 624120 — Services for the Elderly and Persons with Disabilities.
959 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $554.1M.
Loans
959
Total $
$554.1M
Avg loan
$578K
Avg rate
8.95%
Avg term
140 mo
Industry chg-off rate
1.83%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 163 | $171.1M | $1.0M | 9.04% | 0.00% |
| 2 | United Midwest Savings Bank National Association | 152 | $21.9M | $144K | 8.50% | 8.33% |
| 3 | The Huntington National Bank | 87 | $14.5M | $167K | 9.44% | 0.00% |
| 4 | TD Bank, National Association | 30 | $2.8M | $93K | 10.85% | 0.00% |
| 5 | U.S. Bank, National Association | 29 | $15.9M | $549K | 8.68% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 23 | $6.8M | $296K | 9.34% | 0.00% |
| 7 | Newtek Bank, National Association | 20 | $5.0M | $252K | 11.28% | 0.00% |
| 8 | CDC Small Business Finance Corp. | 19 | $3.3M | $176K | 11.17% | 0.00% |
| 9 | Northeast Bank | 18 | $2.9M | $159K | 10.57% | 0.00% |
| 10 | Wells Fargo Bank National Association | 18 | $6.8M | $376K | 8.91% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 17 | $2.5M | $147K | 10.30% | 0.00% |
| 12 | Readycap Lending, LLC | 14 | $11.4M | $812K | 9.23% | 0.00% |
| 13 | First Bank of the Lake | 12 | $10.3M | $855K | 10.10% | 0.00% |
| 14 | BayFirst National Bank | 11 | $1.6M | $141K | 11.86% | 0.00% |
| 15 | Harvest Small Business Finance, LLC | 10 | $18.2M | $1.8M | 8.18% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 624120. Charge-off rates are calculated on the FY2020–FY2023 cohort only.