Best SBA 7(a) lenders for surgical and medical instrument manufacturing
NAICS 339112 — Surgical and Medical Instrument Manufacturing.
137 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $107.8M.
Loans
137
Total $
$107.8M
Avg loan
$787K
Avg rate
8.25%
Avg term
134 mo
Industry chg-off rate
2.50%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7 | $7.1M | $1.0M | 7.42% | 0.00% |
| 2 | Stearns Bank National Association | 6 | $1.8M | $302K | 9.04% | 0.00% |
| 3 | BayFirst National Bank | 5 | $663K | $133K | 11.95% | 0.00% |
| 4 | Northeast Bank | 5 | $1.1M | $215K | 10.75% | — |
| 5 | First Commonwealth Bank | 5 | $2.9M | $575K | 7.30% | 0.00% |
| 6 | TD Bank, National Association | 5 | $480K | $96K | 11.26% | — |
| 7 | Wells Fargo Bank National Association | 5 | $3.0M | $596K | 9.35% | 50.00% |
| 8 | Washington Trust Bank | 4 | $900K | $225K | 8.63% | 0.00% |
| 9 | KeyBank National Association | 4 | $1.4M | $359K | 7.00% | 0.00% |
| 10 | Readycap Lending, LLC | 4 | $630K | $157K | 12.44% | — |
| 11 | Manufacturers and Traders Trust Company | 3 | $242K | $81K | 8.75% | 0.00% |
| 12 | The Huntington National Bank | 3 | $1.2M | $413K | 8.80% | 0.00% |
| 13 | Plumas Bank | 3 | $2.7M | $903K | 4.50% | 0.00% |
| 14 | Cadence Bank | 3 | $1.5M | $515K | 10.33% | 0.00% |
| 15 | Banner Bank | 2 | $750K | $375K | 5.62% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 339112. Charge-off rates are calculated on the FY2020–FY2023 cohort only.