Best SBA 7(a) lenders for recyclable material merchant wholesalers
NAICS 423930 — Recyclable Material Merchant Wholesalers.
411 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $336.1M.
Loans
411
Total $
$336.1M
Avg loan
$818K
Avg rate
8.38%
Avg term
133 mo
Industry chg-off rate
1.20%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 41 | $11.6M | $283K | 8.26% | 0.00% |
| 2 | JPMorgan Chase Bank, National Association | 23 | $9.3M | $404K | 9.96% | 0.00% |
| 3 | TD Bank, National Association | 22 | $2.6M | $119K | 10.94% | 0.00% |
| 4 | BayFirst National Bank | 14 | $6.0M | $429K | 11.73% | 0.00% |
| 5 | U.S. Bank, National Association | 12 | $1.2M | $98K | 7.42% | 0.00% |
| 6 | Newtek Small Business Finance, Inc. | 11 | $14.6M | $1.3M | 7.25% | 0.00% |
| 7 | Newtek Bank, National Association | 11 | $4.2M | $377K | 11.48% | 0.00% |
| 8 | Columbia Bank | 10 | $22.2M | $2.2M | 8.30% | 0.00% |
| 9 | Wells Fargo Bank National Association | 9 | $4.8M | $536K | 7.84% | 0.00% |
| 10 | Eastern Bank | 9 | $3.4M | $382K | 7.75% | 0.00% |
| 11 | Northeast Bank | 9 | $1.9M | $212K | 10.94% | — |
| 12 | KeyBank National Association | 8 | $3.0M | $371K | 7.25% | 0.00% |
| 13 | Manufacturers and Traders Trust Company | 6 | $338K | $56K | 11.46% | 0.00% |
| 14 | Webster Bank National Association | 6 | $5.3M | $885K | 5.71% | 0.00% |
| 15 | Byline Bank | 6 | $14.9M | $2.5M | 6.58% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423930. Charge-off rates are calculated on the FY2020–FY2023 cohort only.