Best SBA 7(a) lenders for other miscellaneous durable goods merchant wholesalers
The top SBA 7(a) lenders for other miscellaneous durable goods merchant wholesalers (NAICS 423990) are BayFirst National Bank, U.S. 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 1,328 loans totaling $982.5M to businesses in this industry. Average loan size: $740K. Average rate: 8.63%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.77%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | BayFirst National Bank | 104 | $16.6M | $159K | 12.02% | 10.00% |
| 2 | U.S. Bank, National Association | 66 | $35.1M | $531K | 7.69% | 8.51% |
| 3 | TD Bank, National Association | 65 | $10.3M | $159K | 10.43% | 11.43% |
| 4 | The Huntington National Bank | 59 | $21.8M | $370K | 8.63% | 0.00% |
| 5 | Northeast Bank | 57 | $11.0M | $192K | 11.04% | 40.00% |
| 6 | Readycap Lending, LLC | 40 | $25.8M | $644K | 10.56% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 38 | $13.3M | $350K | 9.80% | 5.88% |
| 8 | Newtek Bank, National Association | 37 | $21.6M | $584K | 11.08% | 0.00% |
| 9 | Manufacturers and Traders Trust Company | 35 | $4.2M | $121K | 8.97% | 26.92% |
| 10 | Wells Fargo Bank National Association | 34 | $22.7M | $667K | 8.69% | 0.00% |
| 11 | Cadence Bank | 22 | $4.7M | $213K | 7.45% | 5.26% |
| 12 | East West Bank | 19 | $25.1M | $1.3M | 6.86% | 0.00% |
| 13 | FinWise Bank | 19 | $29.7M | $1.6M | 8.29% | 8.33% |
| 14 | BMO Bank National Association | 18 | $25.3M | $1.4M | 5.97% | 0.00% |
| 15 | Live Oak Banking Company | 17 | $30.4M | $1.8M | 7.34% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 423990. Charge-off rates are calculated on the FY2020–FY2023 cohort only.