Best SBA 7(a) lenders for motor vehicle parts (used) merchant wholesalers
The top SBA 7(a) lenders for motor vehicle parts (used) merchant wholesalers (NAICS 423140) are Needham Bank, Newtek Bank, National Association, Enterprise Bank & Trust, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 102 loans totaling $58.2M to businesses in this industry. Average loan size: $571K. Average rate: 8.39%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.28%.
Loans
102
Total $
$58.2M
Avg loan
$571K
Avg rate
8.39%
Avg term
166 mo
Industry chg-off rate
3.28%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Needham Bank | 12 | $2.1M | $178K | 7.23% | 0.00% |
| 2 | Newtek Bank, National Association | 8 | $1.8M | $225K | 11.06% | 0.00% |
| 3 | Enterprise Bank & Trust | 7 | $13.0M | $1.9M | 6.36% | 0.00% |
| 4 | TD Bank, National Association | 6 | $824K | $137K | 9.79% | 0.00% |
| 5 | Northeast Bank | 5 | $516K | $103K | 10.80% | — |
| 6 | Wells Fargo Bank National Association | 4 | $680K | $170K | 10.56% | 0.00% |
| 7 | U.S. Bank, National Association | 3 | $160K | $53K | 8.32% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 3 | $4.3M | $1.4M | 8.07% | 100.00% |
| 9 | Harvest Small Business Finance, LLC | 3 | $4.6M | $1.5M | 8.92% | 0.00% |
| 10 | Cadence Bank | 3 | $750K | $250K | 9.25% | 0.00% |
| 11 | Banner Bank | 2 | $550K | $275K | 8.63% | — |
| 12 | BayFirst National Bank | 2 | $300K | $150K | 9.63% | 0.00% |
| 13 | Banco Popular de Puerto Rico | 2 | $31K | $15K | 12.13% | — |
| 14 | Bank of America, National Association | 2 | $1.2M | $599K | 6.15% | 0.00% |
| 15 | Lendistry SBLC, LLC | 2 | $903K | $451K | 10.88% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423140. Charge-off rates are calculated on the FY2020–FY2023 cohort only.