Best SBA 7(a) lenders for appliance repair and maintenance
NAICS 811412 — Appliance Repair and Maintenance.
337 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $70.9M.
Loans
337
Total $
$70.9M
Avg loan
$210K
Avg rate
9.73%
Avg term
116 mo
Industry chg-off rate
9.74%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 108 | $16.0M | $148K | 8.78% | 18.03% |
| 2 | TD Bank, National Association | 27 | $2.3M | $84K | 10.56% | 9.09% |
| 3 | U.S. Bank, National Association | 22 | $853K | $39K | 9.53% | 0.00% |
| 4 | Wells Fargo Bank National Association | 19 | $4.2M | $224K | 11.17% | 7.69% |
| 5 | JPMorgan Chase Bank, National Association | 13 | $2.2M | $172K | 11.50% | 0.00% |
| 6 | Newtek Bank, National Association | 12 | $4.2M | $350K | 11.56% | 0.00% |
| 7 | Readycap Lending, LLC | 11 | $1.9M | $170K | 12.86% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 10 | $704K | $70K | 11.72% | 0.00% |
| 9 | The Huntington National Bank | 10 | $658K | $66K | 7.93% | 0.00% |
| 10 | BayFirst National Bank | 9 | $1.4M | $150K | 12.11% | 0.00% |
| 11 | Celtic Bank Corporation | 6 | $690K | $115K | 10.88% | 0.00% |
| 12 | Northeast Bank | 6 | $1.1M | $184K | 11.00% | — |
| 13 | KeyBank National Association | 5 | $566K | $113K | 11.66% | 33.33% |
| 14 | Byline Bank | 5 | $4.1M | $817K | 9.70% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 4 | $993K | $248K | 6.25% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811412. Charge-off rates are calculated on the FY2020–FY2023 cohort only.