Best SBA 7(a) lenders for construction, mining, and forestry machinery and equipment rental and
NAICS 532412 — Construction, Mining, and Forestry Machinery and Equipment Rental and .
167 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $148.7M.
Loans
167
Total $
$148.7M
Avg loan
$890K
Avg rate
8.31%
Avg term
125 mo
Industry chg-off rate
0.98%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 11 | $1.4M | $132K | 8.56% | 0.00% |
| 2 | Wells Fargo Bank National Association | 10 | $797K | $80K | 11.01% | 14.29% |
| 3 | The Huntington National Bank | 8 | $2.4M | $304K | 8.81% | 0.00% |
| 4 | TD Bank, National Association | 7 | $4.8M | $685K | 7.12% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 6 | $4.7M | $778K | 9.29% | 0.00% |
| 6 | Newtek Bank, National Association | 5 | $3.6M | $715K | 10.70% | — |
| 7 | Newtek Small Business Finance, Inc. | 5 | $9.7M | $1.9M | 7.10% | 0.00% |
| 8 | Live Oak Banking Company | 4 | $10.0M | $2.5M | 5.56% | 0.00% |
| 9 | Mountain America FCU | 4 | $1.5M | $369K | 7.18% | 0.00% |
| 10 | Northeast Bank | 4 | $978K | $244K | 10.69% | — |
| 11 | OakStar Bank | 3 | $670K | $223K | 10.17% | 0.00% |
| 12 | Readycap Lending, LLC | 3 | $1.2M | $393K | 10.75% | — |
| 13 | Telhio Credit Union Inc | 3 | $320K | $107K | 10.17% | — |
| 14 | Synovus Bank | 3 | $9.6M | $3.2M | 6.75% | 0.00% |
| 15 | Timberline Bank | 3 | $1.1M | $361K | 8.27% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 532412. Charge-off rates are calculated on the FY2020–FY2023 cohort only.