Best SBA 7(a) lenders for data processing, hosting, and related services
NAICS 518210 — Data Processing, Hosting, and Related Services.
591 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $329.9M.
Loans
591
Total $
$329.9M
Avg loan
$558K
Avg rate
9.32%
Avg term
121 mo
Industry chg-off rate
0.71%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 71 | $54.8M | $771K | 11.37% | 0.00% |
| 2 | The Huntington National Bank | 39 | $13.0M | $333K | 9.26% | 0.00% |
| 3 | Northeast Bank | 32 | $4.5M | $141K | 11.05% | 0.00% |
| 4 | BayFirst National Bank | 28 | $4.8M | $170K | 10.49% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 23 | $9.2M | $399K | 10.26% | 0.00% |
| 6 | Readycap Lending, LLC | 23 | $8.7M | $380K | 10.95% | 0.00% |
| 7 | U.S. Bank, National Association | 23 | $3.8M | $164K | 8.23% | 0.00% |
| 8 | TD Bank, National Association | 22 | $2.1M | $97K | 10.92% | 0.00% |
| 9 | Live Oak Banking Company | 20 | $33.8M | $1.7M | 7.80% | 0.00% |
| 10 | Bank of America, National Association | 19 | $8.0M | $421K | 8.73% | 0.00% |
| 11 | JPMorgan Chase Bank, National Association | 19 | $6.6M | $346K | 9.96% | 0.00% |
| 12 | Wells Fargo Bank National Association | 16 | $3.3M | $203K | 10.06% | 0.00% |
| 13 | Cadence Bank | 14 | $4.4M | $317K | 9.32% | 0.00% |
| 14 | Newtek Small Business Finance, Inc. | 10 | $5.7M | $568K | 7.85% | 0.00% |
| 15 | Celtic Bank Corporation | 10 | $1.0M | $104K | 9.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 518210. Charge-off rates are calculated on the FY2020–FY2023 cohort only.