Best SBA 7(a) lenders for motor vehicle supplies and new parts merchant wholesalers
The top SBA 7(a) lenders for motor vehicle supplies and new parts merchant wholesalers (NAICS 423120) are Newtek Bank, National Association, The Huntington National Bank, U.S. Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 339 loans totaling $225.5M to businesses in this industry. Average loan size: $665K. Average rate: 8.71%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.65%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 29 | $13.4M | $464K | 11.22% | — |
| 2 | The Huntington National Bank | 28 | $16.8M | $598K | 8.39% | 0.00% |
| 3 | U.S. Bank, National Association | 23 | $10.2M | $443K | 8.14% | 0.00% |
| 4 | TD Bank, National Association | 23 | $2.9M | $124K | 9.58% | 0.00% |
| 5 | Northeast Bank | 13 | $3.2M | $247K | 11.19% | — |
| 6 | BayFirst National Bank | 13 | $2.1M | $164K | 11.08% | 14.29% |
| 7 | Bank of America, National Association | 12 | $3.3M | $278K | 8.43% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 12 | $6.0M | $503K | 9.84% | 0.00% |
| 9 | Wells Fargo Bank National Association | 10 | $7.0M | $701K | 8.94% | 16.67% |
| 10 | Manufacturers and Traders Trust Company | 9 | $1.7M | $192K | 10.81% | 0.00% |
| 11 | Readycap Lending, LLC | 7 | $2.4M | $338K | 9.79% | 0.00% |
| 12 | Live Oak Banking Company | 6 | $5.8M | $958K | 6.79% | 0.00% |
| 13 | Cadence Bank | 6 | $5.8M | $969K | 9.83% | — |
| 14 | Celtic Bank Corporation | 5 | $1.8M | $368K | 9.85% | 0.00% |
| 15 | Newtek Small Business Finance, Inc. | 5 | $2.4M | $481K | 7.40% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423120. Charge-off rates are calculated on the FY2020–FY2023 cohort only.