Best SBA 7(a) lenders for general automotive repair
NAICS 811111 — General Automotive Repair.
5,413 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $2.58B.
Loans
5,413
Total $
$2.58B
Avg loan
$477K
Avg rate
8.56%
Avg term
163 mo
Industry chg-off rate
1.68%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 430 | $103.4M | $240K | 7.80% | 1.70% |
| 2 | U.S. Bank, National Association | 331 | $108.0M | $326K | 8.51% | 0.74% |
| 3 | Newtek Bank, National Association | 304 | $115.2M | $379K | 11.20% | 0.00% |
| 4 | TD Bank, National Association | 258 | $34.2M | $133K | 10.47% | 6.43% |
| 5 | Live Oak Banking Company | 256 | $283.0M | $1.1M | 8.03% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 215 | $18.6M | $86K | 10.50% | 4.04% |
| 7 | Wells Fargo Bank National Association | 142 | $54.3M | $383K | 8.19% | 4.04% |
| 8 | BayFirst National Bank | 140 | $29.1M | $208K | 11.45% | 1.79% |
| 9 | Northeast Bank | 116 | $20.6M | $178K | 10.88% | 0.00% |
| 10 | Harvest Small Business Finance, LLC | 93 | $91.4M | $982K | 8.34% | 0.00% |
| 11 | Columbia Bank | 85 | $23.8M | $280K | 9.27% | 4.17% |
| 12 | Newtek Small Business Finance, Inc. | 68 | $38.4M | $564K | 7.87% | 0.00% |
| 13 | Celtic Bank Corporation | 67 | $30.6M | $457K | 9.21% | 0.00% |
| 14 | JPMorgan Chase Bank, National Association | 67 | $23.0M | $343K | 10.09% | 0.00% |
| 15 | KeyBank National Association | 63 | $15.2M | $242K | 8.74% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 811111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.