Best SBA 7(a) lenders for automobile and other motor vehicle merchant wholesalers
The top SBA 7(a) lenders for automobile and other motor vehicle merchant wholesalers (NAICS 423110) are GBC International Bank, Northeast Bank, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 256 loans totaling $185.8M to businesses in this industry. Average loan size: $726K. Average rate: 8.84%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.52%.
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.