Best SBA 7(a) lenders for farm and garden machinery and equipment merchant wholesalers
The top SBA 7(a) lenders for farm and garden machinery and equipment merchant wholesalers (NAICS 423820) are Banesco USA, OakStar Bank, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 108 loans totaling $90.2M to businesses in this industry. Average loan size: $835K. Average rate: 7.71%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 0.00%.
Loans
108
Total $
$90.2M
Avg loan
$835K
Avg rate
7.71%
Avg term
119 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 | Banesco USA | 6 | $12.5M | $2.1M | 5.54% | 0.00% |
| 2 | OakStar Bank | 6 | $8.6M | $1.4M | 7.50% | 0.00% |
| 3 | Wells Fargo Bank National Association | 5 | $1.5M | $303K | 8.05% | 0.00% |
| 4 | Newtek Bank, National Association | 4 | $13.3M | $3.3M | 10.81% | — |
| 5 | The Huntington National Bank | 4 | $1.5M | $375K | 8.88% | 0.00% |
| 6 | BankWest, Inc | 3 | $1.4M | $483K | 6.57% | 0.00% |
| 7 | Peoples Bank | 3 | $1.4M | $457K | 7.00% | 0.00% |
| 8 | U.S. Bank, National Association | 3 | $980K | $327K | 6.35% | 0.00% |
| 9 | Columbia Bank | 2 | $3.3M | $1.6M | 11.38% | 0.00% |
| 10 | Bank of America, National Association | 2 | $793K | $396K | 9.16% | — |
| 11 | BayFirst National Bank | 2 | $500K | $250K | 11.13% | 0.00% |
| 12 | Banco Popular de Puerto Rico | 2 | $240K | $120K | 10.88% | — |
| 13 | Alerus Financial, National Association | 2 | $6.5M | $3.2M | 7.03% | 0.00% |
| 14 | Live Oak Banking Company | 2 | $925K | $463K | 10.50% | — |
| 15 | Newtek Small Business Finance, Inc. | 2 | $2.6M | $1.3M | 7.50% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423820. Charge-off rates are calculated on the FY2020–FY2023 cohort only.