Best SBA 7(a) lenders for retail bakeries
NAICS 311811 — Retail Bakeries.
1,153 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $423.8M.
Loans
1,153
Total $
$423.8M
Avg loan
$368K
Avg rate
8.76%
Avg term
129 mo
Industry chg-off rate
1.08%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 136 | $20.9M | $153K | 8.78% | 1.35% |
| 2 | Newtek Bank, National Association | 44 | $18.0M | $410K | 11.35% | 0.00% |
| 3 | TD Bank, National Association | 43 | $3.0M | $69K | 10.51% | 5.26% |
| 4 | Meadows Bank | 40 | $20.3M | $508K | 6.57% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 34 | $5.2M | $153K | 10.68% | 7.14% |
| 6 | First Internet Bank of Indiana | 24 | $18.4M | $766K | 9.49% | 0.00% |
| 7 | BayFirst National Bank | 23 | $3.5M | $153K | 11.09% | 0.00% |
| 8 | Newtek Small Business Finance, Inc. | 23 | $5.4M | $234K | 7.07% | 0.00% |
| 9 | Northeast Bank | 23 | $1.9M | $81K | 11.12% | 0.00% |
| 10 | Readycap Lending, LLC | 21 | $5.9M | $281K | 12.00% | 0.00% |
| 11 | KeyBank National Association | 21 | $4.2M | $202K | 8.92% | 0.00% |
| 12 | U.S. Bank, National Association | 20 | $9.2M | $461K | 8.30% | 0.00% |
| 13 | JPMorgan Chase Bank, National Association | 20 | $4.0M | $198K | 11.11% | 12.50% |
| 14 | Banco Popular de Puerto Rico | 18 | $1.5M | $84K | 10.61% | 0.00% |
| 15 | Celtic Bank Corporation | 17 | $14.0M | $826K | 9.37% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 311811. Charge-off rates are calculated on the FY2020–FY2023 cohort only.