Best SBA 7(a) lenders for medical laboratories
NAICS 621511 — Medical Laboratories.
298 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $150.2M.
Loans
298
Total $
$150.2M
Avg loan
$504K
Avg rate
8.61%
Avg term
132 mo
Industry chg-off rate
2.87%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Banco Popular de Puerto Rico | 39 | $3.8M | $96K | 10.03% | 0.00% |
| 2 | The Huntington National Bank | 28 | $5.1M | $182K | 9.39% | 0.00% |
| 3 | Oriental Bank | 14 | $1.8M | $128K | 7.18% | 0.00% |
| 4 | BayFirst National Bank | 11 | $2.2M | $201K | 10.86% | 16.67% |
| 5 | FirstBank Puerto Rico | 9 | $1.0M | $114K | 9.11% | 0.00% |
| 6 | Wells Fargo Bank National Association | 8 | $3.0M | $380K | 9.07% | 28.57% |
| 7 | Northeast Bank | 7 | $1.8M | $263K | 10.36% | — |
| 8 | United Midwest Savings Bank National Association | 7 | $1.0M | $149K | 8.71% | 0.00% |
| 9 | KeyBank National Association | 7 | $6.1M | $866K | 8.33% | 0.00% |
| 10 | Newtek Bank, National Association | 7 | $6.7M | $959K | 10.96% | — |
| 11 | Cadence Bank | 6 | $2.6M | $425K | 9.58% | 0.00% |
| 12 | Readycap Lending, LLC | 6 | $1.3M | $224K | 11.38% | 0.00% |
| 13 | PNC Bank, National Association | 5 | $6.3M | $1.3M | 5.35% | 0.00% |
| 14 | U.S. Bank, National Association | 5 | $5.9M | $1.2M | 7.81% | 0.00% |
| 15 | JPMorgan Chase Bank, National Association | 5 | $1.1M | $213K | 8.77% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 621511. Charge-off rates are calculated on the FY2020–FY2023 cohort only.