Best SBA 7(a) lenders for sound recording studios
NAICS 512240 — Sound Recording Studios.
128 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $48.6M.
Loans
128
Total $
$48.6M
Avg loan
$380K
Avg rate
9.38%
Avg term
144 mo
Industry chg-off rate
5.06%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 13 | $3.0M | $229K | 11.69% | 0.00% |
| 2 | TD Bank, National Association | 10 | $1.1M | $108K | 11.89% | 16.67% |
| 3 | Northeast Bank | 8 | $668K | $83K | 11.03% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 7 | $5.9M | $848K | 11.99% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 7 | $352K | $50K | 11.00% | 33.33% |
| 6 | U.S. Bank, National Association | 7 | $2.9M | $415K | 7.89% | 0.00% |
| 7 | The Huntington National Bank | 5 | $519K | $104K | 6.20% | 0.00% |
| 8 | Readycap Lending, LLC | 4 | $359K | $90K | 11.13% | 33.33% |
| 9 | BankFirst Financial Services | 4 | $563K | $141K | 7.13% | 0.00% |
| 10 | Celtic Bank Corporation | 4 | $211K | $53K | 9.69% | 0.00% |
| 11 | BayFirst National Bank | 3 | $517K | $172K | 10.17% | 0.00% |
| 12 | Commercial Bank of California | 3 | $3.2M | $1.1M | 4.75% | 0.00% |
| 13 | Bank of America, National Association | 3 | $470K | $157K | 8.17% | 0.00% |
| 14 | Community Trust Bank, Inc. | 3 | $1.2M | $416K | 7.25% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 3 | $344K | $115K | 11.42% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 512240. Charge-off rates are calculated on the FY2020–FY2023 cohort only.