Best SBA 7(a) lenders for motor vehicle parts (used) merchant wholesalers
NAICS 423140 — Motor Vehicle Parts (Used) Merchant Wholesalers.
102 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $58.2M.
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% | — |
Get matched with SBA lenders — free
Tell us a bit about your funding need and we'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
We never sell your data. You'll be connected only to lenders matching your criteria.
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.