Best SBA 7(a) lenders for plumbing and heating equipment and supplies (hydronics) merchant whole
The top SBA 7(a) lenders for plumbing and heating equipment and supplies (hydronics) merchant whole (NAICS 423720) are The Huntington National Bank, Wells Fargo Bank National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 147 loans totaling $129.0M to businesses in this industry. Average loan size: $877K. Average rate: 8.39%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.05%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 12 | $7.9M | $660K | 9.05% | 0.00% |
| 2 | Wells Fargo Bank National Association | 10 | $7.0M | $700K | 8.34% | 0.00% |
| 3 | TD Bank, National Association | 9 | $9.1M | $1.0M | 7.66% | 0.00% |
| 4 | U.S. Bank, National Association | 9 | $5.4M | $601K | 8.32% | 0.00% |
| 5 | JPMorgan Chase Bank, National Association | 5 | $1.7M | $345K | 8.17% | 0.00% |
| 6 | Rockland Trust Company | 4 | $3.9M | $970K | 4.87% | 0.00% |
| 7 | Zions Bank, A Division of | 4 | $1.7M | $420K | 8.31% | 0.00% |
| 8 | Newtek Small Business Finance, Inc. | 4 | $2.8M | $704K | 8.81% | 0.00% |
| 9 | BayFirst National Bank | 4 | $535K | $134K | 11.81% | 0.00% |
| 10 | KeyBank National Association | 4 | $7.3M | $1.8M | 7.69% | 0.00% |
| 11 | Manufacturers and Traders Trust Company | 4 | $504K | $126K | 11.25% | 50.00% |
| 12 | Readycap Lending, LLC | 4 | $804K | $201K | 13.13% | — |
| 13 | Dogwood State Bank | 3 | $2.2M | $721K | 10.83% | 0.00% |
| 14 | Brookline Bank, a Division of Beacon Bank and Trust | 3 | $5.7M | $1.9M | 8.92% | 0.00% |
| 15 | Bank of Hope | 3 | $3.6M | $1.2M | 5.08% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423720. Charge-off rates are calculated on the FY2020–FY2023 cohort only.