Best SBA 7(a) lenders for other electronic parts and equipment merchant wholesalers
The top SBA 7(a) lenders for other electronic parts and equipment merchant wholesalers (NAICS 423690) are TD Bank, National Association, U.S. Bank, National Association, BayFirst National Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 308 loans totaling $198.9M to businesses in this industry. Average loan size: $646K. Average rate: 8.81%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.81%.
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.