Best SBA 7(a) lenders for warm air heating and air-conditioning equipment and supplies merchant
NAICS 423730 — Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant .
119 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $105.7M.
Loans
119
Total $
$105.7M
Avg loan
$889K
Avg rate
8.54%
Avg term
124 mo
Industry chg-off rate
1.52%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 14 | $11.2M | $799K | 7.45% | 0.00% |
| 2 | TD Bank, National Association | 14 | $33.5M | $2.4M | 6.68% | 0.00% |
| 3 | Wells Fargo Bank National Association | 7 | $2.0M | $280K | 11.32% | 0.00% |
| 4 | Bank of America, National Association | 6 | $2.9M | $491K | 7.22% | 0.00% |
| 5 | Northeast Bank | 5 | $829K | $166K | 10.80% | — |
| 6 | Banco Popular de Puerto Rico | 4 | $267K | $67K | 8.63% | 0.00% |
| 7 | KeyBank National Association | 4 | $5.3M | $1.3M | 6.25% | 0.00% |
| 8 | Trustmark Bank | 3 | $125K | $42K | 6.60% | 0.00% |
| 9 | Newtek Bank, National Association | 3 | $4.2M | $1.4M | 12.00% | — |
| 10 | Newtek Small Business Finance, Inc. | 3 | $1.3M | $430K | 7.50% | 0.00% |
| 11 | BayFirst National Bank | 3 | $545K | $182K | 9.17% | 33.33% |
| 12 | Zions Bank, A Division of | 2 | $175K | $88K | 11.13% | — |
| 13 | Lendistry SBLC, LLC | 2 | $650K | $325K | 12.00% | — |
| 14 | East West Bank | 2 | $3.7M | $1.8M | 8.00% | 0.00% |
| 15 | Eastern Bank | 2 | $842K | $421K | 8.72% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423730. Charge-off rates are calculated on the FY2020–FY2023 cohort only.