Best SBA 7(a) lenders for electrical apparatus and equipment, wiring supplies, and related equip
The top SBA 7(a) lenders for electrical apparatus and equipment, wiring supplies, and related equip (NAICS 423610) are Live Oak Banking Company, TD Bank, National Association, The Huntington National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 341 loans totaling $334.2M to businesses in this industry. Average loan size: $980K. Average rate: 8.22%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.96%.
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% |
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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.