Best SBA 7(a) lenders for transportation equipment and supplies (except motor vehicle) merchant
The top SBA 7(a) lenders for transportation equipment and supplies (except motor vehicle) merchant (NAICS 423860) are Northeast Bank, TD Bank, National Association, JPMorgan Chase Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 168 loans totaling $141.7M to businesses in this industry. Average loan size: $844K. Average rate: 8.79%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.22%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | Northeast Bank | 21 | $1.4M | $66K | 10.79% | — |
| 2 | TD Bank, National Association | 16 | $14.3M | $893K | 8.67% | 0.00% |
| 3 | JPMorgan Chase Bank, National Association | 8 | $2.3M | $284K | 9.98% | 0.00% |
| 4 | GBC International Bank | 7 | $5.1M | $729K | 7.07% | 0.00% |
| 5 | Bank of America, National Association | 7 | $9.4M | $1.3M | 6.99% | 0.00% |
| 6 | Synovus Bank | 5 | $15.0M | $3.0M | 5.50% | 0.00% |
| 7 | Citibank, N.A. | 5 | $17.0M | $3.4M | 4.05% | 0.00% |
| 8 | Wells Fargo Bank National Association | 4 | $50K | $13K | 10.56% | 0.00% |
| 9 | The Huntington National Bank | 4 | $1.0M | $254K | 8.63% | 0.00% |
| 10 | Celtic Bank Corporation | 4 | $381K | $95K | 10.81% | 25.00% |
| 11 | First State Bank Nebraska | 4 | $4.5M | $1.1M | 6.79% | 0.00% |
| 12 | Cadence Bank | 3 | $374K | $125K | 7.58% | 0.00% |
| 13 | Capital Bank, National Association | 3 | $1.3M | $419K | 9.17% | 0.00% |
| 14 | KeyBank National Association | 3 | $50K | $17K | 10.42% | 0.00% |
| 15 | Manufacturers and Traders Trust Company | 3 | $74K | $25K | 13.17% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423860. Charge-off rates are calculated on the FY2020–FY2023 cohort only.