Best SBA 7(a) lenders for footwear merchant wholesalers
The top SBA 7(a) lenders for footwear merchant wholesalers (NAICS 424340) are TD Bank, National Association, Newtek Bank, National Association, Wells Fargo Bank National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 50 loans totaling $39.3M to businesses in this industry. Average loan size: $785K. Average rate: 9.16%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.57%.
Loans
50
Total $
$39.3M
Avg loan
$785K
Avg rate
9.16%
Avg term
139 mo
Industry chg-off rate
3.57%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 9 | $708K | $79K | 9.94% | 14.29% |
| 2 | Newtek Bank, National Association | 6 | $11.4M | $1.9M | 11.38% | — |
| 3 | Wells Fargo Bank National Association | 4 | $2.2M | $550K | 6.96% | 0.00% |
| 4 | JPMorgan Chase Bank, National Association | 3 | $675K | $225K | 9.93% | 0.00% |
| 5 | Zions Bank, A Division of | 3 | $450K | $150K | 8.67% | — |
| 6 | BayFirst National Bank | 2 | $300K | $150K | 12.63% | 0.00% |
| 7 | East West Bank | 2 | $800K | $400K | 7.38% | 0.00% |
| 8 | Citizens Bank, National Association | 2 | $815K | $408K | 2.75% | 0.00% |
| 9 | U.S. Bank, National Association | 2 | $300K | $150K | 6.92% | 0.00% |
| 10 | LendingClub Bank, National Association | 2 | $2.0M | $995K | 11.13% | 0.00% |
| 11 | Northeast Bank | 2 | $457K | $229K | 11.38% | — |
| 12 | Economic and Community Development Institute | 1 | $266K | $266K | 7.00% | 0.00% |
| 13 | Amerant Bank, National Association | 1 | $350K | $350K | 6.75% | 0.00% |
| 14 | Colony Bank | 1 | $150K | $150K | 11.50% | — |
| 15 | Bank of America, National Association | 1 | $995K | $995K | 6.14% | — |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424340. Charge-off rates are calculated on the FY2020–FY2023 cohort only.