Lending data
Who actually lends to personal service and repair businesses in District of Columbia?
45 SBA 7(a) loans went to personal service and repair businesses in District of Columbia recently, at a median of $190,000. Here are the lenders that made them, ranked.
45 SBA 7(a) loans went to personal service and repair businesses in District of Columbia in the most recent fiscal years. The median was $190,000 over 10 years. The most active lender was Manufacturers and Traders Trust Company, with 13 loans.
What lending to personal service and repair businesses in District of Columbia actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Personal and repair services, District of Columbia | All 7(a) borrowers |
|---|---|---|
| Loans approved | 45 | 214,102 |
| Median loan | $190,000 | $150,000 |
| 25th - 75th percentile | $27,750 - $625,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.75% | 10.25% |
| Share to startups | 46.7% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 14.0% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to personal service and repair businesses in District of Columbia. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Manufacturers and Traders Trust Company | 13 | $26,000 | 54% | 11.25% |
| TD Bank | 5 | $25,000 | 40% | 13.30% |
| PCB Bank | 3 | $1,148,000 | 67% | 10.00% |
| Wilmington Savings Fund Society FSB | 2 | $980,000 | 100% | 9.75% |
| Readycap Lending, LLC | 2 | $126,750 | 0% | 12.88% |
| Newtek Bank | 2 | $557,500 | 0% | 10.10% |
| Port 51 Lending LLC | 2 | $670,000 | 0% | 10.50% |
| Northeast Bank | 2 | $100,000 | 0% | 11.50% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $190,000 is 27% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- New businesses do well here. 47% of these loans went to startups or businesses under two years old, against 34% nationally — an unusually open market if you have no trading history.
- One lender dominates. Manufacturers and Traders Trust Company alone made 29% of these loans, and the top three made 47%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
- Rates run higher here. The median initial rate of 10.75% is 0.50 points above the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
- Lenders have been burned here before. 14.0% of loans to this market from the FY2010-2019 cohorts were charged off, against 7.1% overall. That history is why underwriting in this sector is tighter than the numbers alone would suggest — it is not personal.
Which of them lend to new businesses
Of those loans, 46.7% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Manufacturers and Traders Trust Company | 7 | $26,000 | 54% | 11.25% |
| TD Bank | 2 | $25,000 | 40% | 13.30% |
| PCB Bank | 2 | $1,148,000 | 67% | 10.00% |
| Wilmington Savings Fund Society FSB | 2 | $980,000 | 100% | 9.75% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in District of Columbia: professional services, restaurants and hotels, retail, healthcare, construction
- Personal Services in comparable states: Hawaii, Vermont, North Dakota, South Dakota, Alaska, Montana