Best SBA 7(a) lenders for jewelry, watch, precious stone, and precious metal merchant wholesaler
The top SBA 7(a) lenders for jewelry, watch, precious stone, and precious metal merchant wholesaler (NAICS 423940) are BayFirst National Bank, TD Bank, National Association, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 344 loans totaling $154.3M to businesses in this industry. Average loan size: $449K. Average rate: 9.86%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.98%.
Loans
344
Total $
$154.3M
Avg loan
$449K
Avg rate
9.86%
Avg term
130 mo
Industry chg-off rate
2.98%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | BayFirst National Bank | 40 | $5.7M | $142K | 12.16% | 0.00% |
| 2 | TD Bank, National Association | 28 | $2.1M | $73K | 10.49% | 10.00% |
| 3 | Northeast Bank | 24 | $4.6M | $193K | 10.89% | 0.00% |
| 4 | Newtek Bank, National Association | 19 | $9.1M | $480K | 11.32% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 18 | $2.7M | $150K | 8.51% | 6.67% |
| 6 | Wells Fargo Bank National Association | 18 | $5.3M | $297K | 11.27% | 0.00% |
| 7 | Readycap Lending, LLC | 17 | $4.1M | $239K | 11.24% | 0.00% |
| 8 | The Huntington National Bank | 15 | $1.3M | $88K | 8.48% | 12.50% |
| 9 | JPMorgan Chase Bank, National Association | 10 | $1.7M | $167K | 10.10% | 0.00% |
| 10 | Newtek Small Business Finance, Inc. | 10 | $2.7M | $271K | 8.18% | 0.00% |
| 11 | U.S. Bank, National Association | 7 | $2.9M | $407K | 8.04% | 0.00% |
| 12 | Wallis Bank | 6 | $8.0M | $1.3M | 8.25% | 0.00% |
| 13 | Celtic Bank Corporation | 5 | $550K | $110K | 10.05% | 0.00% |
| 14 | Eastern Bank | 5 | $489K | $98K | 10.85% | 0.00% |
| 15 | PNC Bank, National Association | 5 | $200K | $40K | 11.51% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423940. Charge-off rates are calculated on the FY2020–FY2023 cohort only.