Best SBA 7(a) lenders for industrial supplies merchant wholesalers
The top SBA 7(a) lenders for industrial supplies merchant wholesalers (NAICS 423840) are The Huntington National Bank, U.S. Bank, National Association, Bank of America, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 319 loans totaling $224.5M to businesses in this industry. Average loan size: $704K. Average rate: 8.78%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.22%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 20 | $10.1M | $505K | 8.97% | 0.00% |
| 2 | U.S. Bank, National Association | 15 | $9.0M | $602K | 8.49% | 0.00% |
| 3 | Bank of America, National Association | 13 | $4.1M | $319K | 7.86% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 13 | $7.0M | $539K | 9.29% | 0.00% |
| 5 | TD Bank, National Association | 13 | $3.2M | $244K | 10.22% | 0.00% |
| 6 | BayFirst National Bank | 12 | $3.7M | $307K | 11.96% | 25.00% |
| 7 | Cadence Bank | 11 | $5.2M | $473K | 9.18% | 0.00% |
| 8 | Wells Fargo Bank National Association | 10 | $3.2M | $317K | 10.14% | 0.00% |
| 9 | Newtek Small Business Finance, Inc. | 10 | $12.0M | $1.2M | 7.50% | 0.00% |
| 10 | Northeast Bank | 10 | $1.6M | $157K | 11.43% | — |
| 11 | PNC Bank, National Association | 7 | $3.2M | $462K | 6.30% | 14.29% |
| 12 | Newtek Bank, National Association | 7 | $3.8M | $539K | 11.46% | 0.00% |
| 13 | Lendistry SBLC, LLC | 6 | $1.1M | $188K | 12.42% | — |
| 14 | First National Bank of Pennsylvania | 6 | $4.8M | $793K | 8.96% | 0.00% |
| 15 | Celtic Bank Corporation | 5 | $3.5M | $708K | 9.15% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423840. Charge-off rates are calculated on the FY2020–FY2023 cohort only.