Best SBA 7(a) lenders for elementary and secondary schools
NAICS 611110 — Elementary and Secondary Schools.
354 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $319.8M.
Loans
354
Total $
$319.8M
Avg loan
$904K
Avg rate
8.32%
Avg term
167 mo
Industry chg-off rate
1.52%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 30 | $14.0M | $466K | 8.27% | 0.00% |
| 2 | SouthState Bank, National Association | 11 | $5.8M | $530K | 8.45% | 0.00% |
| 3 | BayFirst National Bank | 10 | $2.6M | $262K | 11.63% | 0.00% |
| 4 | U.S. Bank, National Association | 10 | $7.6M | $761K | 7.80% | 0.00% |
| 5 | Newtek Bank, National Association | 9 | $6.4M | $707K | 11.75% | 0.00% |
| 6 | Celtic Bank Corporation | 8 | $6.7M | $841K | 8.63% | 0.00% |
| 7 | Live Oak Banking Company | 8 | $12.1M | $1.5M | 8.13% | 0.00% |
| 8 | Readycap Lending, LLC | 8 | $5.0M | $622K | 11.06% | 0.00% |
| 9 | Banco Popular de Puerto Rico | 7 | $979K | $140K | 9.04% | 50.00% |
| 10 | TD Bank, National Association | 6 | $1.9M | $324K | 7.99% | 0.00% |
| 11 | Bank Five Nine | 5 | $1.5M | $308K | 6.42% | 0.00% |
| 12 | CDC Small Business Finance Corp. | 5 | $853K | $171K | 9.05% | 0.00% |
| 13 | Zions Bank, A Division of | 5 | $530K | $106K | 9.10% | 0.00% |
| 14 | Pinnacle Bank | 5 | $8.0M | $1.6M | 6.90% | 0.00% |
| 15 | Hanover Community Bank | 5 | $3.3M | $664K | 6.80% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need and we'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
We never sell your data. You'll be connected only to lenders matching your criteria.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 611110. Charge-off rates are calculated on the FY2020–FY2023 cohort only.