Best SBA 7(a) lenders for finish carpentry contractors
NAICS 238350 — Finish Carpentry Contractors.
1,210 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $327.7M.
Loans
1,210
Total $
$327.7M
Avg loan
$271K
Avg rate
9.28%
Avg term
119 mo
Industry chg-off rate
3.67%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 144 | $13.7M | $95K | 10.63% | 11.11% |
| 2 | The Huntington National Bank | 134 | $11.7M | $87K | 8.36% | 2.53% |
| 3 | U.S. Bank, National Association | 126 | $7.3M | $58K | 9.11% | 1.43% |
| 4 | United Midwest Savings Bank National Association | 52 | $7.6M | $147K | 7.62% | 15.91% |
| 5 | Newtek Bank, National Association | 45 | $13.5M | $299K | 11.58% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 45 | $2.6M | $59K | 9.63% | 3.45% |
| 7 | Wells Fargo Bank National Association | 41 | $8.6M | $209K | 11.06% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 38 | $8.9M | $233K | 10.03% | 0.00% |
| 9 | BayFirst National Bank | 31 | $4.4M | $141K | 11.93% | 0.00% |
| 10 | Bank of America, National Association | 29 | $11.6M | $398K | 8.07% | 0.00% |
| 11 | Northeast Bank | 28 | $2.8M | $101K | 10.62% | 0.00% |
| 12 | PNC Bank, National Association | 20 | $7.7M | $385K | 8.57% | 0.00% |
| 13 | Readycap Lending, LLC | 18 | $3.2M | $178K | 12.28% | 0.00% |
| 14 | Eastern Bank | 17 | $2.6M | $155K | 8.84% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 17 | $8.7M | $514K | 7.09% | 5.88% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 238350. Charge-off rates are calculated on the FY2020–FY2023 cohort only.