Best SBA 7(a) lenders for other commercial equipment merchant wholesalers
NAICS 423440 — Other Commercial Equipment Merchant Wholesalers.
193 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $157.5M.
Loans
193
Total $
$157.5M
Avg loan
$816K
Avg rate
8.48%
Avg term
133 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 18 | $5.0M | $280K | 7.21% | 0.00% |
| 2 | Northeast Bank | 10 | $1.4M | $139K | 11.40% | 0.00% |
| 3 | TD Bank, National Association | 8 | $953K | $119K | 11.34% | 0.00% |
| 4 | Live Oak Banking Company | 6 | $9.0M | $1.5M | 8.96% | 0.00% |
| 5 | Bank of America, National Association | 6 | $2.5M | $410K | 5.94% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 6 | $935K | $156K | 9.87% | 0.00% |
| 7 | University Bank | 6 | $5.2M | $863K | 9.42% | 0.00% |
| 8 | U.S. Bank, National Association | 5 | $1.5M | $306K | 8.20% | 0.00% |
| 9 | JPMorgan Chase Bank, National Association | 5 | $3.2M | $639K | 8.17% | 0.00% |
| 10 | BayFirst National Bank | 5 | $900K | $180K | 10.55% | 0.00% |
| 11 | US Metro Bank | 5 | $6.3M | $1.3M | 8.00% | 0.00% |
| 12 | Wells Fargo Bank National Association | 5 | $992K | $198K | 10.85% | 0.00% |
| 13 | Newtek Bank, National Association | 5 | $3.3M | $660K | 10.95% | — |
| 14 | First Commonwealth Bank | 4 | $1.3M | $330K | 7.06% | 0.00% |
| 15 | Cadence Bank | 4 | $1.9M | $472K | 9.38% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423440. Charge-off rates are calculated on the FY2020–FY2023 cohort only.