Best SBA 7(a) lenders for hardware merchant wholesalers
The top SBA 7(a) lenders for hardware merchant wholesalers (NAICS 423710) are The Huntington National Bank, U.S. Bank, National Association, Bank of America, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 183 loans totaling $136.5M to businesses in this industry. Average loan size: $746K. Average rate: 8.35%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.87%.
Loans
183
Total $
$136.5M
Avg loan
$746K
Avg rate
8.35%
Avg term
136 mo
Industry chg-off rate
1.87%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 12 | $6.3M | $527K | 7.77% | 22.22% |
| 2 | U.S. Bank, National Association | 10 | $3.5M | $350K | 8.56% | 0.00% |
| 3 | Bank of America, National Association | 10 | $5.4M | $542K | 8.55% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 9 | $3.5M | $390K | 8.73% | 0.00% |
| 5 | Newtek Bank, National Association | 8 | $3.1M | $394K | 11.25% | — |
| 6 | BayFirst National Bank | 6 | $810K | $135K | 12.83% | 0.00% |
| 7 | Newtek Small Business Finance, Inc. | 6 | $2.9M | $476K | 7.96% | 0.00% |
| 8 | First Internet Bank of Indiana | 6 | $5.4M | $906K | 10.04% | 0.00% |
| 9 | TD Bank, National Association | 6 | $794K | $132K | 9.01% | 0.00% |
| 10 | Comerica Bank | 5 | $5.6M | $1.1M | 8.25% | 0.00% |
| 11 | Webster Bank National Association | 5 | $2.3M | $454K | 7.70% | 0.00% |
| 12 | Byline Bank | 4 | $6.9M | $1.7M | 10.63% | 0.00% |
| 13 | First Savings Bank | 3 | $3.2M | $1.1M | 7.25% | 0.00% |
| 14 | Northeast Bank | 3 | $350K | $117K | 10.92% | — |
| 15 | Regent Bank | 3 | $5.0M | $1.7M | 5.58% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423710. Charge-off rates are calculated on the FY2020–FY2023 cohort only.