Best SBA 7(a) lenders for recyclable material merchant wholesalers
The top SBA 7(a) lenders for recyclable material merchant wholesalers (NAICS 423930) are The Huntington National Bank, JPMorgan Chase Bank, National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 411 loans totaling $336.1M to businesses in this industry. Average loan size: $818K. Average rate: 8.38%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 1.20%.
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% |
Get matched with SBA lenders — free
Tell us a bit about your funding need. We'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
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.