Best SBA 7(a) lenders for other electronic parts and equipment merchant wholesalers
NAICS 423690 — Other Electronic Parts and Equipment Merchant Wholesalers.
308 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $198.9M.
Loans
308
Total $
$198.9M
Avg loan
$646K
Avg rate
8.81%
Avg term
134 mo
Industry chg-off rate
4.81%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 40 | $5.2M | $129K | 10.32% | 10.34% |
| 2 | U.S. Bank, National Association | 20 | $9.2M | $458K | 8.64% | 0.00% |
| 3 | BayFirst National Bank | 17 | $3.2M | $191K | 11.49% | 0.00% |
| 4 | The Huntington National Bank | 17 | $10.7M | $627K | 8.01% | 0.00% |
| 5 | JPMorgan Chase Bank, National Association | 15 | $7.5M | $503K | 9.42% | 0.00% |
| 6 | Bank of America, National Association | 11 | $4.0M | $365K | 6.75% | 0.00% |
| 7 | Wells Fargo Bank National Association | 11 | $3.3M | $300K | 9.67% | 12.50% |
| 8 | Newtek Bank, National Association | 9 | $4.2M | $465K | 11.75% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 8 | $1.3M | $159K | 7.97% | 12.50% |
| 10 | Newtek Small Business Finance, Inc. | 7 | $8.8M | $1.3M | 6.86% | 0.00% |
| 11 | Readycap Lending, LLC | 7 | $2.0M | $283K | 11.75% | 0.00% |
| 12 | Zions Bank, A Division of | 6 | $2.1M | $347K | 7.25% | 0.00% |
| 13 | Banesco USA | 4 | $2.3M | $584K | 8.06% | 0.00% |
| 14 | Columbia Bank | 4 | $3.3M | $833K | 8.75% | 0.00% |
| 15 | Live Oak Banking Company | 4 | $7.8M | $2.0M | 8.81% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423690. Charge-off rates are calculated on the FY2020–FY2023 cohort only.