Best SBA 7(a) lenders for construction and mining (except oil well) machinery and equipment merc
NAICS 423810 — Construction and Mining (except Oil Well) Machinery and Equipment Merc.
123 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $77.1M.
Loans
123
Total $
$77.1M
Avg loan
$627K
Avg rate
8.64%
Avg term
118 mo
Industry chg-off rate
0.00%
FY20–FY23 cohort
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.