Best SBA 7(a) lenders for other professional equipment and supplies merchant wholesalers
The top SBA 7(a) lenders for other professional equipment and supplies merchant wholesalers (NAICS 423490) are The Huntington National Bank, TD Bank, National Association, Bank of America, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 106 loans totaling $63.2M to businesses in this industry. Average loan size: $597K. Average rate: 8.66%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.59%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 17 | $6.7M | $395K | 8.99% | 0.00% |
| 2 | TD Bank, National Association | 7 | $569K | $81K | 11.26% | 0.00% |
| 3 | Bank of America, National Association | 6 | $3.0M | $496K | 7.80% | 0.00% |
| 4 | Northeast Bank | 5 | $655K | $131K | 11.20% | 0.00% |
| 5 | Live Oak Banking Company | 5 | $8.2M | $1.6M | 7.39% | 0.00% |
| 6 | BayFirst National Bank | 5 | $733K | $147K | 13.25% | 0.00% |
| 7 | Banco Popular de Puerto Rico | 3 | $9.1M | $3.0M | 7.37% | 0.00% |
| 8 | Central Bank | 3 | $1.2M | $392K | 8.57% | 0.00% |
| 9 | Newtek Bank, National Association | 3 | $1.1M | $383K | 11.50% | 0.00% |
| 10 | Eastern Bank | 3 | $1.1M | $370K | 5.00% | 0.00% |
| 11 | Hanmi Bank | 2 | $1.9M | $930K | 8.50% | 0.00% |
| 12 | DFCU Financial | 2 | $1.8M | $906K | 9.50% | — |
| 13 | Byline Bank | 2 | $4.1M | $2.0M | 5.75% | 0.00% |
| 14 | Cadence Bank | 2 | $175K | $88K | 6.00% | 0.00% |
| 15 | Westfield Bank | 2 | $500K | $250K | 4.20% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423490. Charge-off rates are calculated on the FY2020–FY2023 cohort only.