Best SBA 7(a) lenders for sporting and recreational goods and supplies merchant wholesalers
The top SBA 7(a) lenders for sporting and recreational goods and supplies merchant wholesalers (NAICS 423910) are U.S. Bank, National Association, The Huntington National Bank, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 538 loans totaling $289.3M to businesses in this industry. Average loan size: $538K. Average rate: 8.54%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.23%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 38 | $8.0M | $212K | 7.98% | 4.00% |
| 2 | The Huntington National Bank | 26 | $7.4M | $286K | 8.38% | 0.00% |
| 3 | Northeast Bank | 24 | $3.3M | $139K | 10.99% | 0.00% |
| 4 | BayFirst National Bank | 22 | $3.6M | $164K | 11.17% | 0.00% |
| 5 | TD Bank, National Association | 19 | $4.1M | $217K | 9.32% | 25.00% |
| 6 | Newtek Bank, National Association | 15 | $5.1M | $339K | 11.12% | 0.00% |
| 7 | Bank of America, National Association | 13 | $8.1M | $620K | 8.28% | 0.00% |
| 8 | JPMorgan Chase Bank, National Association | 13 | $2.8M | $215K | 10.03% | 14.29% |
| 9 | Zions Bank, A Division of | 12 | $4.1M | $339K | 7.99% | 16.67% |
| 10 | Wells Fargo Bank National Association | 12 | $3.1M | $258K | 9.07% | 0.00% |
| 11 | Newtek Small Business Finance, Inc. | 10 | $8.4M | $844K | 7.85% | 0.00% |
| 12 | Readycap Lending, LLC | 9 | $6.4M | $708K | 10.25% | 0.00% |
| 13 | Lendistry SBLC, LLC | 8 | $1.7M | $211K | 12.38% | 0.00% |
| 14 | PNC Bank, National Association | 7 | $2.6M | $377K | 9.39% | 0.00% |
| 15 | Celtic Bank Corporation | 7 | $736K | $105K | 10.36% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423910. Charge-off rates are calculated on the FY2020–FY2023 cohort only.