Best SBA 7(a) lenders for construction and mining (except oil well) machinery and equipment merc
The top SBA 7(a) lenders for construction and mining (except oil well) machinery and equipment merc (NAICS 423810) are The Huntington National Bank, Newtek Small Business Finance, Inc., Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 123 loans totaling $77.1M to businesses in this industry. Average loan size: $627K. Average rate: 8.64%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 10 | $2.1M | $214K | 8.34% | 0.00% |
| 2 | Newtek Small Business Finance, Inc. | 8 | $9.3M | $1.2M | 7.47% | 0.00% |
| 3 | Wells Fargo Bank National Association | 7 | $1.5M | $219K | 10.45% | 0.00% |
| 4 | Northeast Bank | 7 | $1.8M | $253K | 10.89% | — |
| 5 | BayFirst National Bank | 6 | $750K | $125K | 12.88% | 0.00% |
| 6 | Newtek Bank, National Association | 6 | $7.0M | $1.2M | 11.00% | 0.00% |
| 7 | First American Bank | 5 | $3.7M | $736K | 7.50% | 0.00% |
| 8 | Peoples Bank | 5 | $811K | $162K | 10.10% | — |
| 9 | GBC International Bank | 4 | $3.4M | $838K | 9.88% | — |
| 10 | Community Bank of Mississippi | 4 | $2.4M | $612K | 5.44% | 0.00% |
| 11 | Bank of America, National Association | 4 | $2.1M | $535K | 4.80% | 0.00% |
| 12 | Regions Bank | 3 | $5.5M | $1.8M | 5.25% | 0.00% |
| 13 | Synovus Bank | 3 | $5.3M | $1.8M | 4.75% | 0.00% |
| 14 | Celtic Bank Corporation | 3 | $400K | $133K | 11.33% | — |
| 15 | First Bank of the Lake | 2 | $2.0M | $978K | 5.75% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423810. Charge-off rates are calculated on the FY2020–FY2023 cohort only.