Best SBA 7(a) lenders for piece goods, notions, and other dry goods merchant wholesalers
The top SBA 7(a) lenders for piece goods, notions, and other dry goods merchant wholesalers (NAICS 424310) are TD Bank, National Association, The Huntington National Bank, JPMorgan Chase Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 159 loans totaling $94.3M to businesses in this industry. Average loan size: $593K. Average rate: 8.63%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 4.08%.
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 14 | $1.6M | $118K | 10.22% | 12.50% |
| 2 | The Huntington National Bank | 10 | $2.1M | $211K | 9.20% | 0.00% |
| 3 | JPMorgan Chase Bank, National Association | 8 | $1.3M | $167K | 10.47% | 20.00% |
| 4 | Northeast Bank | 7 | $1.2M | $170K | 10.68% | 0.00% |
| 5 | Wells Fargo Bank National Association | 6 | $105K | $18K | 12.04% | 0.00% |
| 6 | Minnwest Bank | 5 | $3.4M | $680K | 5.05% | 0.00% |
| 7 | Bank of Hope | 5 | $850K | $170K | 8.30% | 0.00% |
| 8 | Newtek Bank, National Association | 5 | $7.0M | $1.4M | 10.95% | — |
| 9 | Manufacturers and Traders Trust Company | 4 | $918K | $230K | 6.88% | 0.00% |
| 10 | Live Oak Banking Company | 4 | $7.2M | $1.8M | 7.25% | 0.00% |
| 11 | Columbia Bank | 4 | $5.1M | $1.3M | 6.44% | 0.00% |
| 12 | Zions Bank, A Division of | 4 | $380K | $95K | 10.50% | 0.00% |
| 13 | PNC Bank, National Association | 4 | $168K | $42K | 9.93% | 0.00% |
| 14 | U.S. Bank, National Association | 4 | $95K | $24K | 6.24% | 0.00% |
| 15 | BayFirst National Bank | 3 | $650K | $217K | 9.75% | 50.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.