Best SBA 7(a) lenders for office equipment merchant wholesalers
The top SBA 7(a) lenders for office equipment merchant wholesalers (NAICS 423420) are Newtek Bank, National Association, U.S. Bank, National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 92 loans totaling $72.7M to businesses in this industry. Average loan size: $790K. Average rate: 8.84%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.13%.
Loans
92
Total $
$72.7M
Avg loan
$790K
Avg rate
8.84%
Avg term
137 mo
Industry chg-off rate
2.13%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Newtek Bank, National Association | 10 | $6.6M | $661K | 11.72% | 0.00% |
| 2 | U.S. Bank, National Association | 7 | $3.3M | $471K | 9.01% | 0.00% |
| 3 | TD Bank, National Association | 5 | $365K | $73K | 9.61% | 50.00% |
| 4 | Readycap Lending, LLC | 5 | $552K | $110K | 11.80% | 0.00% |
| 5 | The Huntington National Bank | 5 | $3.4M | $685K | 7.27% | 0.00% |
| 6 | BayFirst National Bank | 4 | $470K | $117K | 12.69% | 0.00% |
| 7 | Northeast Bank | 4 | $400K | $100K | 11.75% | — |
| 8 | Bank of America, National Association | 3 | $1.5M | $497K | 4.58% | 0.00% |
| 9 | Wells Fargo Bank National Association | 3 | $2.2M | $728K | 4.05% | 0.00% |
| 10 | Newtek Small Business Finance, Inc. | 3 | $1.1M | $375K | 10.17% | 0.00% |
| 11 | Oriental Bank | 2 | $100K | $50K | 6.25% | 0.00% |
| 12 | Celtic Bank Corporation | 2 | $1.7M | $852K | 8.13% | 0.00% |
| 13 | 21st Century Bank | 2 | $913K | $457K | 4.58% | 0.00% |
| 14 | Blue Ridge Bank National Association | 2 | $2.0M | $1.0M | 11.13% | 0.00% |
| 15 | Capital One, National Association | 2 | $1.7M | $826K | 4.33% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423420. Charge-off rates are calculated on the FY2020–FY2023 cohort only.