Best SBA 7(a) lenders for car washes
NAICS 811192 — Car Washes.
1,670 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $2.38B.
Loans
1,670
Total $
$2.38B
Avg loan
$1.4M
Avg rate
7.63%
Avg term
219 mo
Industry chg-off rate
1.32%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Celtic Bank Corporation | 117 | $296.1M | $2.5M | 7.22% | 0.00% |
| 2 | The Huntington National Bank | 90 | $29.7M | $330K | 8.30% | 0.00% |
| 3 | U.S. Bank, National Association | 69 | $5.8M | $85K | 8.45% | 2.78% |
| 4 | TD Bank, National Association | 60 | $32.7M | $545K | 9.89% | 12.50% |
| 5 | Metro City Bank | 48 | $153.4M | $3.2M | 5.66% | 0.00% |
| 6 | Wells Fargo Bank National Association | 44 | $13.5M | $306K | 10.76% | 0.00% |
| 7 | Paradise Bank | 35 | $70.8M | $2.0M | 6.98% | 0.00% |
| 8 | Readycap Lending, LLC | 28 | $45.1M | $1.6M | 10.24% | 0.00% |
| 9 | Stearns Bank National Association | 25 | $72.7M | $2.9M | 8.44% | 0.00% |
| 10 | Manufacturers and Traders Trust Company | 22 | $6.3M | $286K | 9.61% | 0.00% |
| 11 | Newtek Bank, National Association | 22 | $3.8M | $172K | 11.47% | 0.00% |
| 12 | Stone Bank | 21 | $63.5M | $3.0M | 8.49% | 0.00% |
| 13 | Zions Bank, A Division of | 20 | $7.4M | $369K | 6.17% | 0.00% |
| 14 | Bank of Hope | 18 | $47.0M | $2.6M | 5.78% | 0.00% |
| 15 | KeyBank National Association | 18 | $5.0M | $275K | 9.86% | 22.22% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811192. Charge-off rates are calculated on the FY2020–FY2023 cohort only.