Best SBA 7(a) lenders for lumber, plywood, millwork, and wood panel merchant wholesalers
The top SBA 7(a) lenders for lumber, plywood, millwork, and wood panel merchant wholesalers (NAICS 423310) are U.S. Bank, National Association, TD Bank, National Association, Manufacturers and Traders Trust Company, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 287 loans totaling $271.7M to businesses in this industry. Average loan size: $947K. Average rate: 8.07%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.20%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 17 | $6.0M | $354K | 8.49% | 0.00% |
| 2 | TD Bank, National Association | 16 | $35.0M | $2.2M | 8.22% | 0.00% |
| 3 | Manufacturers and Traders Trust Company | 14 | $4.7M | $339K | 9.50% | 14.29% |
| 4 | JPMorgan Chase Bank, National Association | 14 | $6.9M | $495K | 8.93% | 0.00% |
| 5 | Bank of America, National Association | 9 | $3.0M | $329K | 5.31% | 0.00% |
| 6 | The Huntington National Bank | 9 | $3.8M | $425K | 8.56% | 0.00% |
| 7 | Truist Bank | 8 | $17.1M | $2.1M | 4.93% | 0.00% |
| 8 | KeyBank National Association | 8 | $12.3M | $1.5M | 5.60% | 0.00% |
| 9 | Newtek Bank, National Association | 6 | $5.4M | $895K | 11.21% | 0.00% |
| 10 | Regions Bank | 6 | $10.7M | $1.8M | 5.92% | 0.00% |
| 11 | Wells Fargo Bank National Association | 6 | $3.5M | $578K | 11.56% | 0.00% |
| 12 | BayFirst National Bank | 5 | $750K | $150K | 12.70% | — |
| 13 | Banner Bank | 5 | $1.1M | $218K | 9.35% | 0.00% |
| 14 | Webster Bank National Association | 4 | $4.7M | $1.2M | 5.78% | 0.00% |
| 15 | Enterprise Bank & Trust | 4 | $8.2M | $2.0M | 6.44% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.