Best SBA 7(a) lenders for electrical apparatus and equipment, wiring supplies, and related equip
NAICS 423610 — Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip.
341 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $334.2M.
Loans
341
Total $
$334.2M
Avg loan
$980K
Avg rate
8.22%
Avg term
128 mo
Industry chg-off rate
0.96%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 23 | $44.3M | $1.9M | 7.13% | 0.00% |
| 2 | TD Bank, National Association | 18 | $3.8M | $213K | 9.60% | 9.09% |
| 3 | The Huntington National Bank | 17 | $10.9M | $643K | 7.75% | 8.33% |
| 4 | U.S. Bank, National Association | 16 | $11.2M | $700K | 6.72% | 0.00% |
| 5 | Newtek Bank, National Association | 14 | $6.6M | $469K | 11.63% | 0.00% |
| 6 | BayFirst National Bank | 13 | $2.3M | $178K | 12.40% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 13 | $7.8M | $602K | 10.68% | 0.00% |
| 8 | PNC Bank, National Association | 10 | $6.3M | $628K | 8.03% | 0.00% |
| 9 | Wells Fargo Bank National Association | 9 | $6.5M | $722K | 7.55% | 0.00% |
| 10 | FinWise Bank | 8 | $19.2M | $2.4M | 6.25% | 0.00% |
| 11 | KeyBank National Association | 8 | $9.1M | $1.1M | 6.81% | 0.00% |
| 12 | Regions Bank | 7 | $12.8M | $1.8M | 7.08% | 0.00% |
| 13 | Bank of America, National Association | 6 | $2.2M | $366K | 9.96% | 0.00% |
| 14 | Banco Popular de Puerto Rico | 5 | $1.2M | $233K | 10.80% | 0.00% |
| 15 | First Bank | 5 | $2.1M | $425K | 6.50% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need and we'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
We never sell your data. You'll be connected only to lenders matching your criteria.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423610. Charge-off rates are calculated on the FY2020–FY2023 cohort only.