Best SBA 7(a) lenders for other commercial equipment merchant wholesalers
The top SBA 7(a) lenders for other commercial equipment merchant wholesalers (NAICS 423440) are The Huntington National Bank, Northeast Bank, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 193 loans totaling $157.5M to businesses in this industry. Average loan size: $816K. Average rate: 8.48%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
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.