Best SBA 7(a) lenders for lumber, plywood, millwork, and wood panel merchant wholesalers
NAICS 423310 — Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers.
287 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $271.7M.
Loans
287
Total $
$271.7M
Avg loan
$947K
Avg rate
8.07%
Avg term
131 mo
Industry chg-off rate
1.20%
FY20–FY23 cohort
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.