Best SBA 7(a) lenders for electrical and electronic appliance, television, and radio set merchan
The top SBA 7(a) lenders for electrical and electronic appliance, television, and radio set merchan (NAICS 423620) are TD Bank, National Association, Newtek Bank, National Association, BayFirst National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 203 loans totaling $97.7M to businesses in this industry. Average loan size: $481K. Average rate: 9.27%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 11.01%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 40 | $12.2M | $305K | 10.01% | 14.81% |
| 2 | Newtek Bank, National Association | 17 | $13.7M | $804K | 11.25% | 0.00% |
| 3 | BayFirst National Bank | 12 | $2.1M | $174K | 12.75% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 9 | $2.1M | $238K | 9.04% | 33.33% |
| 5 | U.S. Bank, National Association | 9 | $1.7M | $185K | 8.21% | 16.67% |
| 6 | Manufacturers and Traders Trust Company | 8 | $883K | $110K | 10.13% | 20.00% |
| 7 | Bank of America, National Association | 8 | $4.1M | $508K | 5.87% | 0.00% |
| 8 | Northeast Bank | 8 | $1.3M | $161K | 11.34% | — |
| 9 | Wells Fargo Bank National Association | 7 | $90K | $13K | 11.46% | 20.00% |
| 10 | The Huntington National Bank | 5 | $161K | $32K | 8.63% | 0.00% |
| 11 | PNC Bank, National Association | 4 | $944K | $236K | 8.60% | 50.00% |
| 12 | Celtic Bank Corporation | 4 | $600K | $150K | 7.13% | 33.33% |
| 13 | Central Bank | 3 | $678K | $226K | 8.67% | 0.00% |
| 14 | Lendistry SBLC, LLC | 3 | $600K | $200K | 12.67% | — |
| 15 | Banesco USA | 3 | $3.8M | $1.3M | 7.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423620. Charge-off rates are calculated on the FY2020–FY2023 cohort only.