Best SBA 7(a) lenders for warm air heating and air-conditioning equipment and supplies merchant
The top SBA 7(a) lenders for warm air heating and air-conditioning equipment and supplies merchant (NAICS 423730) are The Huntington National Bank, TD Bank, National Association, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 119 loans totaling $105.7M to businesses in this industry. Average loan size: $889K. Average rate: 8.54%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.52%.
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.