Best SBA 7(a) lenders for nonupholstered wood household furniture manufacturing
The top SBA 7(a) lenders for nonupholstered wood household furniture manufacturing (NAICS 337122) are U.S. Bank, National Association, The Huntington National Bank, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 115 loans totaling $41.7M to businesses in this industry. Average loan size: $363K. Average rate: 8.24%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.35%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 7 | $4.9M | $700K | 6.86% | 0.00% |
| 2 | The Huntington National Bank | 7 | $444K | $63K | 7.12% | 0.00% |
| 3 | Wells Fargo Bank National Association | 6 | $869K | $145K | 9.69% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 6 | $1.4M | $235K | 11.87% | 0.00% |
| 5 | Bank of America, National Association | 4 | $2.6M | $657K | 5.19% | 0.00% |
| 6 | Columbia Bank | 4 | $175K | $44K | 11.19% | 0.00% |
| 7 | Farmers and Merchants State Bank of Pierz | 4 | $331K | $83K | 6.75% | 0.00% |
| 8 | Manufacturers and Traders Trust Company | 4 | $220K | $55K | 8.94% | 0.00% |
| 9 | KeyBank National Association | 4 | $1.0M | $257K | 8.58% | 0.00% |
| 10 | Northeast Bank | 4 | $1.0M | $252K | 10.56% | — |
| 11 | Maine Community Bank | 3 | $161K | $54K | 5.33% | 0.00% |
| 12 | Heritage Community Bank | 3 | $320K | $107K | 10.00% | — |
| 13 | Newtek Bank, National Association | 3 | $410K | $137K | 13.00% | — |
| 14 | Readycap Lending, LLC | 3 | $235K | $78K | 13.58% | — |
| 15 | Webster Bank National Association | 3 | $315K | $105K | 8.23% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 337122. Charge-off rates are calculated on the FY2020–FY2023 cohort only.