Best SBA 7(a) lenders for general line grocery merchant wholesalers
The top SBA 7(a) lenders for general line grocery merchant wholesalers (NAICS 424410) are TD Bank, National Association, JPMorgan Chase Bank, National Association, Northeast Bank, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 453 loans totaling $309.3M to businesses in this industry. Average loan size: $683K. Average rate: 8.94%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 3.77%.
Loans
453
Total $
$309.3M
Avg loan
$683K
Avg rate
8.94%
Avg term
128 mo
Industry chg-off rate
3.77%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | TD Bank, National Association | 34 | $5.5M | $163K | 9.49% | 16.67% |
| 2 | JPMorgan Chase Bank, National Association | 24 | $6.2M | $260K | 9.61% | 12.50% |
| 3 | Northeast Bank | 23 | $5.5M | $237K | 11.03% | — |
| 4 | Newtek Bank, National Association | 21 | $16.7M | $795K | 11.68% | 0.00% |
| 5 | The Huntington National Bank | 20 | $2.9M | $146K | 9.24% | 0.00% |
| 6 | Manufacturers and Traders Trust Company | 13 | $1.3M | $99K | 10.60% | 0.00% |
| 7 | Bank of Hope | 12 | $2.9M | $240K | 8.58% | 0.00% |
| 8 | Live Oak Banking Company | 12 | $18.2M | $1.5M | 8.66% | 0.00% |
| 9 | Wells Fargo Bank National Association | 11 | $11.4M | $1.0M | 9.18% | 0.00% |
| 10 | Bank of America, National Association | 11 | $5.6M | $513K | 8.05% | 0.00% |
| 11 | BayFirst National Bank | 10 | $2.1M | $214K | 11.22% | 0.00% |
| 12 | Newtek Small Business Finance, Inc. | 10 | $12.5M | $1.3M | 7.70% | 0.00% |
| 13 | U.S. Bank, National Association | 10 | $1.3M | $128K | 8.66% | 0.00% |
| 14 | Byline Bank | 8 | $18.2M | $2.3M | 7.66% | 0.00% |
| 15 | Celtic Bank Corporation | 7 | $3.6M | $511K | 10.71% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 424410. Charge-off rates are calculated on the FY2020–FY2023 cohort only.