Lending data
Who lends to personal service and repair businesses, state by state
21,193 SBA 7(a) loans to personal service and repair businesses across 51 states, with the most active lender and the median loan in each.
21,193 SBA 7(a) loans went to personal service and repair businesses across 51 states with enough volume to report. Pick your state below to see which lenders actually funded them.
By state
Only states with at least 20 loans are listed, because below that the figures are noise rather than signal. Computed from SBA 7(a) loan-level FOIA data released 2026-06-30.
| State | Loans | Median loan | Startup share | Most active lender |
|---|---|---|---|---|
| California | 2,365 | $150,000 | 30% | U.S. Bank |
| Texas | 1,826 | $300,000 | 43% | The Huntington National Bank |
| Florida | 1,622 | $156,250 | 36% | TD Bank |
| New York | 1,285 | $95,000 | 29% | TD Bank |
| Ohio | 1,051 | $64,000 | 41% | The Huntington National Bank |
| Pennsylvania | 806 | $135,000 | 38% | The Huntington National Bank |
| New Jersey | 785 | $107,900 | 35% | TD Bank |
| Illinois | 769 | $150,000 | 30% | The Huntington National Bank |
| Michigan | 769 | $100,000 | 32% | The Huntington National Bank |
| Colorado | 630 | $197,250 | 39% | The Huntington National Bank |
| Georgia | 605 | $277,000 | 42% | Readycap Lending, LLC |
| Massachusetts | 597 | $96,800 | 32% | Eastern Bank |
| Washington | 528 | $100,550 | 30% | Columbia Bank |
| North Carolina | 519 | $300,000 | 49% | The Huntington National Bank |
| Minnesota | 485 | $125,000 | 44% | U.S. Bank |
| Arizona | 478 | $259,750 | 34% | U.S. Bank |
| Maryland | 433 | $100,000 | 41% | Manufacturers and Traders Trust Company |
| Indiana | 405 | $150,000 | 35% | The Huntington National Bank |
| Missouri | 378 | $178,500 | 33% | U.S. Bank |
| Virginia | 376 | $200,000 | 41% | The Huntington National Bank |
| Utah | 366 | $163,600 | 48% | Mountain America FCU |
| Wisconsin | 330 | $200,000 | 44% | U.S. Bank |
| Tennessee | 308 | $250,000 | 48% | U.S. Bank |
| Oregon | 306 | $50,000 | 31% | Columbia Bank |
| Connecticut | 286 | $90,000 | 36% | Manufacturers and Traders Trust Company |
| Nevada | 255 | $150,000 | 42% | U.S. Bank |
| South Carolina | 251 | $250,000 | 44% | TD Bank |
| Idaho | 198 | $112,650 | 39% | Zions Bank |
| Kentucky | 187 | $169,900 | 39% | U.S. Bank |
| New Hampshire | 176 | $61,000 | 32% | TD Bank |
| Oklahoma | 161 | $225,000 | 41% | BancFirst |
| Louisiana | 156 | $150,000 | 36% | The Huntington National Bank |
| Iowa | 144 | $137,750 | 40% | U.S. Bank |
| Alabama | 138 | $201,650 | 45% | The Huntington National Bank |
| Kansas | 135 | $198,700 | 42% | U.S. Bank |
| Nebraska | 125 | $128,200 | 43% | Union Bank and Trust Company |
| Maine | 114 | $51,500 | 48% | TD Bank |
| Arkansas | 108 | $150,000 | 49% | Arvest Bank |
| Delaware | 85 | $87,500 | 40% | Manufacturers and Traders Trust Company |
| Mississippi | 84 | $167,650 | 54% | Peoples Bank |
| New Mexico | 81 | $120,000 | 40% | U.S. Bank |
| West Virginia | 78 | $82,500 | 41% | The Huntington National Bank |
| Rhode Island | 77 | $70,000 | 30% | TD Bank |
| Montana | 64 | $150,000 | 30% | Readycap Lending, LLC |
| South Dakota | 52 | $190,000 | 40% | First Bank & Trust |
| District of Columbia | 45 | $190,000 | 47% | Manufacturers and Traders Trust Company |
| Hawaii | 43 | $50,000 | 37% | Central Pacific Bank |
| Vermont | 41 | $40,000 | 34% | TD Bank |
| North Dakota | 39 | $213,500 | 46% | First Western Bank & Trust |
| Alaska | 27 | $220,000 | 44% | KeyBank |
| Wyoming | 21 | $206,200 | 43% | Live Oak Banking Company |
What 7(a) lending to personal service and repair businesses looks like nationally
| Measure | Personal and repair services | All 7(a) borrowers |
|---|---|---|
| Loans approved, fiscal years 2023 to 2026, using data released June 2026 | 21,339 | 214,102 |
| Median loan | $150,000 | $150,000 |
| 25th - 75th percentile | $50,000 - $464,300 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 37.1% | 33.6% |
| Charge-off rate, FY2010-19 | 7.2% | 7.1% |
| Jobs supported | 171,408 | 2,142,602 |
Reading those figures against all 7(a) borrowers:
- Loan sizes are typical. The median of $150,000 is within a few percent of the $150,000 national median across all 7(a) borrowers, so nothing about this market is unusual on size.
- Startup share is about average, at 37% against 34% nationally.
How financing works in this sector
The numbers above say who lends and on what terms. For what actually changes about financing personal service and repair businesses — which products fit the working capital cycle, which metrics underwriters focus on, and which questions get asked — see our personal and repair services financing guide.
How to use this
Open your state, shortlist three lenders whose median loan is close to what you need, then read choosing an SBA lender before you call.