Best SBA 7(a) lenders for electrical and electronic appliance, television, and radio set merchan
NAICS 423620 — Electrical and Electronic Appliance, Television, and Radio Set Merchan.
203 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $97.7M.
Loans
203
Total $
$97.7M
Avg loan
$481K
Avg rate
9.27%
Avg term
117 mo
Industry chg-off rate
11.01%
FY20–FY23 cohort
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.