Best SBA 7(a) lenders for passenger car rental
NAICS 532111 — Passenger Car Rental.
210 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $60.8M.
Loans
210
Total $
$60.8M
Avg loan
$290K
Avg rate
10.09%
Avg term
116 mo
Industry chg-off rate
8.33%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 30 | $840K | $28K | 9.02% | 0.00% |
| 2 | Wells Fargo Bank National Association | 23 | $305K | $13K | 11.15% | 25.00% |
| 3 | Northeast Bank | 20 | $1.7M | $87K | 11.03% | — |
| 4 | TD Bank, National Association | 13 | $227K | $17K | 11.47% | 12.50% |
| 5 | Central Pacific Bank | 11 | $313K | $28K | 8.80% | 0.00% |
| 6 | BayFirst National Bank | 9 | $1.2M | $129K | 12.11% | 0.00% |
| 7 | The Huntington National Bank | 8 | $472K | $59K | 9.68% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 8 | $847K | $106K | 10.38% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 7 | $1.6M | $233K | 12.84% | 0.00% |
| 10 | Newtek Bank, National Association | 7 | $2.2M | $309K | 12.07% | — |
| 11 | Readycap Lending, LLC | 7 | $4.5M | $640K | 10.21% | 0.00% |
| 12 | Celtic Bank Corporation | 6 | $1.5M | $256K | 10.33% | 0.00% |
| 13 | Cadence Bank | 4 | $1.3M | $329K | 10.44% | 0.00% |
| 14 | FinWise Bank | 4 | $8.3M | $2.1M | 7.44% | 0.00% |
| 15 | Oriental Bank | 2 | $265K | $132K | 7.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 532111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.