Best SBA 7(a) lenders for medical, dental, and hospital equipment and supplies merchant wholesal
The top SBA 7(a) lenders for medical, dental, and hospital equipment and supplies merchant wholesal (NAICS 423450) are TD Bank, National Association, The Huntington National Bank, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 642 loans totaling $348.0M to businesses in this industry. Average loan size: $542K. Average rate: 8.93%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.39%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 40 | $3.1M | $78K | 10.46% | 0.00% |
| 2 | The Huntington National Bank | 39 | $6.2M | $159K | 8.09% | 10.34% |
| 3 | Wells Fargo Bank National Association | 34 | $13.2M | $390K | 9.05% | 0.00% |
| 4 | BayFirst National Bank | 31 | $7.0M | $227K | 10.96% | 20.00% |
| 5 | Bank of America, National Association | 30 | $17.4M | $579K | 7.82% | 0.00% |
| 6 | JPMorgan Chase Bank, National Association | 29 | $8.2M | $282K | 10.19% | 14.29% |
| 7 | Newtek Bank, National Association | 27 | $10.6M | $394K | 11.44% | 0.00% |
| 8 | U.S. Bank, National Association | 22 | $3.9M | $179K | 8.69% | 16.67% |
| 9 | Newtek Small Business Finance, Inc. | 18 | $20.6M | $1.1M | 7.88% | 0.00% |
| 10 | Northeast Bank | 18 | $3.0M | $168K | 10.92% | — |
| 11 | KeyBank National Association | 17 | $7.7M | $452K | 9.56% | 0.00% |
| 12 | Manufacturers and Traders Trust Company | 13 | $1.6M | $122K | 9.13% | 18.18% |
| 13 | Zions Bank, A Division of | 13 | $3.7M | $288K | 8.23% | 0.00% |
| 14 | Lendistry SBLC, LLC | 11 | $1.5M | $132K | 12.27% | 0.00% |
| 15 | Celtic Bank Corporation | 11 | $1.8M | $166K | 9.91% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423450. Charge-off rates are calculated on the FY2020–FY2023 cohort only.