Best SBA 7(a) lenders for residential remodelers
NAICS 236118 — Residential Remodelers.
7,351 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $1.35B.
Loans
7,351
Total $
$1.35B
Avg loan
$184K
Avg rate
9.74%
Avg term
114 mo
Industry chg-off rate
4.47%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 1,125 | $120.5M | $107K | 8.63% | 1.19% |
| 2 | TD Bank, National Association | 916 | $79.4M | $87K | 10.64% | 8.67% |
| 3 | U.S. Bank, National Association | 868 | $51.8M | $60K | 9.20% | 4.97% |
| 4 | United Midwest Savings Bank National Association | 365 | $64.2M | $176K | 8.94% | 11.05% |
| 5 | Manufacturers and Traders Trust Company | 353 | $30.6M | $87K | 10.60% | 7.98% |
| 6 | JPMorgan Chase Bank, National Association | 327 | $55.9M | $171K | 11.12% | 3.70% |
| 7 | Wells Fargo Bank National Association | 297 | $20.8M | $70K | 11.14% | 3.61% |
| 8 | BayFirst National Bank | 270 | $44.8M | $166K | 11.53% | 6.25% |
| 9 | Northeast Bank | 239 | $36.4M | $152K | 10.88% | 0.00% |
| 10 | Readycap Lending, LLC | 196 | $38.1M | $194K | 12.26% | 9.38% |
| 11 | PNC Bank, National Association | 140 | $11.4M | $82K | 10.59% | 6.32% |
| 12 | Columbia Bank | 131 | $7.4M | $56K | 10.72% | 0.00% |
| 13 | KeyBank National Association | 114 | $13.8M | $121K | 9.43% | 3.61% |
| 14 | Celtic Bank Corporation | 88 | $17.1M | $194K | 9.95% | 3.57% |
| 15 | Lendistry SBLC, LLC | 83 | $22.3M | $268K | 12.12% | 50.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 236118. Charge-off rates are calculated on the FY2020–FY2023 cohort only.