Best SBA 7(a) lenders for automobile and other motor vehicle merchant wholesalers
NAICS 423110 — Automobile and Other Motor Vehicle Merchant Wholesalers.
256 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $185.8M.
Loans
256
Total $
$185.8M
Avg loan
$726K
Avg rate
8.84%
Avg term
132 mo
Industry chg-off rate
4.52%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | GBC International Bank | 23 | $46.2M | $2.0M | 6.91% | 5.00% |
| 2 | Northeast Bank | 23 | $5.1M | $223K | 11.09% | — |
| 3 | Wells Fargo Bank National Association | 23 | $1.1M | $47K | 11.62% | 14.29% |
| 4 | The Huntington National Bank | 12 | $9.7M | $810K | 8.17% | 0.00% |
| 5 | Newtek Bank, National Association | 9 | $10.6M | $1.2M | 10.92% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 9 | $2.3M | $259K | 9.28% | 0.00% |
| 7 | BayFirst National Bank | 9 | $1.4M | $154K | 10.39% | 16.67% |
| 8 | U.S. Bank, National Association | 6 | $2.2M | $364K | 4.76% | 16.67% |
| 9 | JPMorgan Chase Bank, National Association | 6 | $630K | $105K | 13.79% | 0.00% |
| 10 | Comerica Bank | 4 | $915K | $229K | 7.06% | 0.00% |
| 11 | BankVista | 4 | $3.2M | $805K | 6.13% | 0.00% |
| 12 | Colony Bank | 4 | $500K | $125K | 13.00% | 0.00% |
| 13 | Cadence Bank | 4 | $1.1M | $281K | 9.13% | 0.00% |
| 14 | Readycap Lending, LLC | 4 | $5.4M | $1.4M | 8.81% | 0.00% |
| 15 | Harvest Small Business Finance, LLC | 4 | $3.6M | $897K | 8.94% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423110. Charge-off rates are calculated on the FY2020–FY2023 cohort only.