Best SBA 7(a) lenders for home furnishing merchant wholesalers
The top SBA 7(a) lenders for home furnishing merchant wholesalers (NAICS 423220) are Newtek Bank, National Association, The Huntington National Bank, BayFirst National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 243 loans totaling $126.0M to businesses in this industry. Average loan size: $519K. Average rate: 8.88%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.08%.
Loans
243
Total $
$126.0M
Avg loan
$519K
Avg rate
8.88%
Avg term
129 mo
Industry chg-off rate
3.08%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 20 | $13.4M | $669K | 11.50% | 0.00% |
| 2 | The Huntington National Bank | 19 | $6.6M | $350K | 7.49% | 0.00% |
| 3 | BayFirst National Bank | 18 | $2.4M | $135K | 12.94% | 0.00% |
| 4 | TD Bank, National Association | 14 | $2.7M | $194K | 10.05% | 0.00% |
| 5 | U.S. Bank, National Association | 12 | $6.7M | $555K | 6.55% | 0.00% |
| 6 | Bank of America, National Association | 10 | $5.7M | $572K | 6.90% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 9 | $4.3M | $476K | 10.28% | 0.00% |
| 8 | Wells Fargo Bank National Association | 8 | $1.1M | $142K | 10.48% | 14.29% |
| 9 | Manufacturers and Traders Trust Company | 7 | $433K | $62K | 13.07% | 0.00% |
| 10 | Five Star Bank | 7 | $1.1M | $154K | 7.75% | 0.00% |
| 11 | 1st State Bank | 5 | $1.6M | $330K | 6.60% | 0.00% |
| 12 | Newtek Small Business Finance, Inc. | 5 | $3.7M | $742K | 6.90% | 20.00% |
| 13 | Northeast Bank | 5 | $450K | $90K | 11.15% | — |
| 14 | KeyBank National Association | 4 | $2.7M | $675K | 7.00% | 0.00% |
| 15 | Comerica Bank | 4 | $2.6M | $648K | 5.55% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423220. Charge-off rates are calculated on the FY2020–FY2023 cohort only.