Best SBA 7(a) lenders for remediation services
NAICS 562910 — Remediation Services.
1,008 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $423.8M.
Loans
1,008
Total $
$423.8M
Avg loan
$420K
Avg rate
8.73%
Avg term
124 mo
Industry chg-off rate
4.46%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 180 | $27.3M | $152K | 7.04% | 11.88% |
| 2 | The Huntington National Bank | 170 | $29.9M | $176K | 9.49% | 2.30% |
| 3 | Live Oak Banking Company | 113 | $80.1M | $709K | 8.88% | 0.00% |
| 4 | TD Bank, National Association | 35 | $5.9M | $168K | 10.38% | 0.00% |
| 5 | BayFirst National Bank | 26 | $6.0M | $232K | 11.19% | 0.00% |
| 6 | Newtek Bank, National Association | 25 | $19.3M | $773K | 11.51% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 24 | $9.2M | $384K | 10.37% | 28.57% |
| 8 | U.S. Bank, National Association | 22 | $18.5M | $843K | 7.95% | 11.11% |
| 9 | First Bank of the Lake | 21 | $15.4M | $735K | 10.44% | 0.00% |
| 10 | Manufacturers and Traders Trust Company | 19 | $2.4M | $125K | 9.74% | 0.00% |
| 11 | Readycap Lending, LLC | 17 | $4.2M | $244K | 10.53% | 0.00% |
| 12 | KeyBank National Association | 16 | $5.3M | $329K | 8.30% | 0.00% |
| 13 | Wells Fargo Bank National Association | 16 | $5.4M | $340K | 8.78% | 0.00% |
| 14 | Bank of America, National Association | 13 | $5.0M | $383K | 6.34% | 0.00% |
| 15 | CDC Small Business Finance Corp. | 13 | $2.9M | $225K | 10.58% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 562910. Charge-off rates are calculated on the FY2020–FY2023 cohort only.